Coronavirus infection rates are climbing in all 10 boroughs of Greater Manchester amid a national surge in Covid cases. However, none of the region's 10 boroughs currently have a rate as high as the national average.
04.03.2022 - 09:43 / manchestereveningnews.co.uk
The UK property market is showing no sign of slowing down any time soon after yet another house price growth. Due to a shortage of homes for sale but a high demand of people looking to move, house prices jumped by 12.6% in February - which is an increase for the seventh month in a row.
The average price of a home in the UK now stands at £260,000, according to Nationwide, which is the highest ever on record.
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Greater Manchester estate agents are very much seeing the effects of the current property market come into play, with many sharing concerns that homes are becoming even less attainable for first-time buyers.
The price of a typical home across the country now is now a huge 20% higher than it was in February 2020, with the average house price in the region currently around £249,400 according to Rightmove.
In response to the latest hike in house prices, local property experts have shared their response and given an insight into what you can expect if you are searching for a home in Greater Manchester this year.
Jake Rowson, sales director at estate agents Ryder & Dutton says there is currently a 'race for space' across Greater Manchester.
“The property market in Greater Manchester is performing exceptionally well, and house prices across the area are on the up due to a huge surge in buyer demand," he said.
"In February 2021, when people were racing to buy before the end of the stamp duty holiday, 2,051 new buyers registered with us. This February, despite there being no stamp duty incentive, that number increased by 25% to 2,791.
“It’s all boiling down to a race for space. Many people’s working patterns have now settled
Coronavirus infection rates are climbing in all 10 boroughs of Greater Manchester amid a national surge in Covid cases. However, none of the region's 10 boroughs currently have a rate as high as the national average.
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Coronavirus infection rates are continuing to fall across Greater Manchester and remain below the national average in all ten boroughs.
Coronavirus infection rates across Greater Manchester remain far lower than the national average.