Salford named among the top 10 hotspot cities in Great Britain as demand rises and asking prices soar
29.04.2022 - 17:21
/ manchestereveningnews.co.uk
When house prices rise in a particular area, it is a good indication that many house hunters are looking to live there. New data from Rightmove has now revealed the top 10 hotspot cities to live in Great Britain, where demand is high and asking prices have risen by up to 15% over the last year.
The latest data has revealed that Salford in Greater Manchester is number 10 on the list of the hotspot cities in the country. According to Rightmove, the average asking price for properties in Salford is £211,904, which is a growth of 11.3% since 2021.
Last week Rightmove announced that the average house price across the whole of the UK has reached a new all-time high as the price of properties coming onto the market continues to soar. As demand continues to outweigh supply, house prices are showing no sign of slowing down, particularly in these sought-after cities.
READ MORE: Cheapest areas to live in Greater Manchester where house prices fall below £150,000
The online property portal revealed that Bath is the top hotspot city in Great Britain, with asking prices rising 15% over the last year, more than any other city. The average asking price here is now £558,018.
Truro in Cornwall is the second on the list, with an asking price increase of 14.8, with Southend-On-Sea, Great Britain’s newest city after being granted city status earlier this year, in third place with an annual growth of 13.4%.
The top five city asking price hotspots are in some of the most popular coastal and countryside areas, highlighting that many buyers are looking to live in cities with more rural space.
Across the top ten city hotpots, the average increase in asking prices is 12.6%, outweighing the current national average of 9.9%. One of the reasons