Why house prices have kept rising in Manchester and the rest of the country in the middle of a global pandemic

10.07.2021 - 12:05 / manchestereveningnews.co.uk

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Although many aspects of life came to a standstill over the course of the pandemic, one sector that has seen continued growth is property.

House prices keep on rising, with record asking prices across Britain.

For the last three months in a row, the national average has been pushed to a new high, at £336,073 as of June, according to Rightmove.

READ MORE: Family homes under £100k in Greater Manchester's happiest borough

In Manchester

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House prices at the highest they have been since the last peak in 2007

House prices in the UK are sitting 30 per cent higher on average than the previous market peak in 2007.The average price for property in Scotland, according to Zoopla, is £216,934 for July 2021 which is a 1.91% increase from the last three months.The property marketing company currently estimates that in the last 12 months, there has been a 9.05 per cent increase in house prices in Scotland.

Why house prices have kept rising in Manchester and the rest of the country in the middle of a global pandemic

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