This is how much house prices have gone up in every area of Greater Manchester

28.01.2022 - 20:49 / manchestereveningnews.co.uk

The UK has seen a huge surge in house prices over the last year, largely as a result of the pandemic.

After lockdown, more and more people decided to move homes due to changing ideals and the stamp duty holiday also caused people to up sticks sooner than planned.

But the supply of properties couldn't keep up with the demand, therefore the homes that were available on the market had multiple buyers competing for them - pushing house prices further up.

This trend is continuing into 2022, with demand for property soaring by 49% and house prices even higher than what they were last year.

READ MORE: This terraced house in Greater Manchester is on the market for just £60,000 - but it needs A LOT of work

All across Greater Manchester the average house price has risen over the last year, with Manchester being named by Zoopla as the UK city with the second largest price growth in the last year.

Here we look at which of the region's 10 boroughs have had the biggest house price growths since 2021, and what the average house price now is in each area.

According to Zoopla, this data from their House Price Index is the most accurate and up-to-date.

In January 2021, the average house price in Bolton was recorded at £139,000.

As of this month, it has jumped to £151,800 - an annual rise of 9.2%.

Bury's average house price is currently around £195,500.

In January 2021 it was recorded at £179,200, therefore there has been a yearly rise of 9.1%.

This time last year, the average house price in Manchester was £173,200.

This has now risen by 7.2%, the lowest yearly increase in Greater Manchester's boroughs, with the current price standing at £185,700 in January 2022.

This month, the price of a home in Oldham is averaged at around

Tags: record pandemic Citi area Britain Manchester county Oldham

See showbiz news on manchestereveningnews.co.uk

The website popstar.one is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

The Greater Manchester areas that will see the biggest rise in energy prices

Rising energy costs are pushing families in Greater Manchester to the very edge of disaster.

This is how much house prices have gone up in every area of Greater Manchester

The Greater Manchester areas that will see the biggest rise in energy prices

Greater Manchester's latest Covid hotspots - and places where it is plummeting

'Biggie' flooded Greater Manchester homes with drugs from Liverpool

Greater Manchester vs London house prices: What you can buy for £50,000

Greater Manchester's latest borough-by-borough coronavirus infection rates as cases continue to plummet

How much first-time buyers need to earn to buy a home in Greater Manchester

We asked a Facebook scammer if we could view a house 'to let' in Greater Manchester... this is what happened

Energy bill price cap will be 'the death of some care homes' in Greater Manchester, care manager warns

Coronavirus infection rates continue to fall across all ten Greater Manchester boroughs

'It’s a complete con!': More than 100 taxis stage Clean Air Zone protests across Greater Manchester

Coronavirus infection rates in all ten Greater Manchester boroughs remain below national average

Greater Manchester hospitals hit by wave of staff stress and anxiety sickness as 12-hour waits rise after Omicron battle

House prices soar in village set to disappear under the sea in the next 30 years

How much council tax you can expect to pay in each area of Greater Manchester

Greater Manchester borough's neighbourhoods dominate top ten Covid-19 hotspots

West Ham make late attempt to sign Jesse Lingard from Manchester United

Greater Manchester Police aware of social media posts amid allegations against Manchester United's Mason Greenwood

We visit the new Gino D'Acampo restaurant in Greater Manchester being raved about on social media

Greater Manchester to be hit by high winds from Storm Malik

Council taxpayers face 3.8% rise in bills in one Greater Manchester borough

Popular Celebrities