Leading property listing platform Rightmove has unveiled the UK’s property hotspots for 2021 – and Greater Manchester’s suburbs have dominated the list.
The property market in our region has been booming since we’ve entered into a new year, and the new analysis published today has revealed that demand is still outstripping supply, with an increase of 51% in properties coming up for sale last month and in March, compared to the first two months of the year.
The south Manchester suburb of Didsbury has been named the most popular spot for home buyers in the UK.
The average asking price for a property in Didsbury currently stands at £367,429, which is more than £130,000 higher than the Greater Manchester average of £237,380.
Its neighbouring south Manchester suburb of Chorlton also makes the top ten list of popular areas for buyers, along with three other affluent Greater Manchester areas – Prestwich, Bramhall and Heaton Moor.
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Walthamstow in east London takes second place, while Wirral in Merseyside is third in terms of property searches on the Rightmove site, with more than 2.7 million people currently signed up for property alerts on the site.
The top 10 most popular property hotspots, and the average asking prices, according to Rightmove, are:
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Didsbury, Greater Manchester – £367,429
Walthamstow, London – £499,534
Wirral, Merseyside – £287,243
Prestwich, Greater Manchester – £277,643
Horsforth, West Yorkshire – £312,460
Chorlton-cum-Hardy, Greater Manchester – £359,377
West Bridgford, Nottinghamshire – £365,370
Heaton Moor, Greater Manchester – £307,040
Bramhall, Greater Manchester – £482,311
Chiswick, London – £969,350
Tim Bannister – Property Expert at Rightmove – said: “Our new analysis gives sellers in these local hot spots a clear indication of just how popular their area is, as it tracks the huge pool of the most eager prospective buyers who are signed up to find out instantly when a seller decides to bring their property to market.
“More buyers have realised they don’t have the luxury of waiting until the weekend to decide which properties they want to request to view, and so they’re making sure they’ve signed up to find out first when a home comes up for sale.
“We’re hearing reports of some areas where properties are selling within a few days of being added to Rightmove, and the average time to find a buyer is the quickest we’ve ever recorded nationally, but we also know there are thousands of local markets and some are moving more slowly than others, so as a seller you’ll want your property being seen by the biggest group of buyers possible, giving it the best chance of selling and achieving the best price”.
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Philip James Kennedy
Rob Kennedy – Managing Director of Philip James Kennedy Estate Agents in Didsbury – said: “The marketplace during 2021 has seen a surge in the Didsbury property market with record levels of sales and many properties generating multiple bids.
“House prices have increased as a result and properties are selling and completing faster.
“During these unprecedented times the importance of ‘home’ has increased with many buyers wanting more space working from home, more space to relax and exercise, and many buyers wanting more outside space, easy access to a local park or larger garden”.
Featured Image – Flickr
Property
Government extends ‘lifeline’ household support fund over winter
Emily Sergeant
Vulnerable households in England are set to receive support for the cost of essentials this winter, the Government has announced.
As summer draws to a close and the autumn and winter months edge closer towards the end of the year, the Work and Pensions Secretary Liz Kendall has this week announced an extension to the Government’s already-successful Household Support Fund for the next six months up until April 2025.
The Government says the £421 million extension “gives certainty” to local Councils and authorities across England over the winter months.
As the cost of living crisis sadly continues to make its impact felt nationwide, the Government is urging pensioners and anyone struggling with the cost of energy, food, and water over the colder months to contact their local Council to see what support may be available to them.
Work and Pensions Secretary Liz Kendall has announced an extension to the #HouseholdSupportFund for the next six months
As well as covering the cost of winter essentials, many Councils also use the Household Support Fund beyond emergency support too – including working with local charities and community groups to provide residents with key appliances, school uniforms, cookery classes, and items to improve energy efficiency in the home.
The extension of the Household Support Scheme for a further six months comes after the Government has unfortunately revealed that around 1.3 million more people have fallen into poverty since 2010/11 – with living standards falling by the largest year-on-year drop since records began in 2022/23.
With the new Government continuing with its work to “deliver growth in the long term”, the extension of the Fund will help Councils to prevent vulnerable households from experiencing “an immediate cliff edge” of support with a tough winter ahead.
The Government has announced an extension to the ‘lifeline’ household support fund over the winter / Credit: Pixabay | pxhere
“We are extending the Household Support Fund for the next six months, because it is a lifeline for people who are struggling with the cost of living,” explained the Secretary of State for Work and Pensions, Liz Kendall.
“The dire inheritance we face means more people are living in poverty now than 14 years ago.
“This Government is taking immediate action to prevent a cliff edge of support for the most vulnerable in our society, and at the same time, we are taking action to fix the foundations of our country through our plans to grow the economy, make work pay, and Get Britain Working again.”
Council Leader @bevcraig has welcomed the extension of a multi-million pound which gives a vital lifeline to thousands Manchester people struggling with the cost of living.
Manchester’s City Council leader, Bev Craig, has welcomed the Fund’s extension.
“While we continue long-term work to address the causes of poverty, there is no doubt that extra short-term help is still urgently needed for those feeling the impact of the cost of living crisis on top of 14 years of austerity,” Cllr Craig commented.
“Today’s announcement will ensure we can give that extra support to those who need it most and we will work with the new government to tackle the long-term root causes.”
Featured Image – Aldi UK
Property
Plans unveiled to turn old Oxford Road HATCH site into new ‘entertainment hub’
Emily Sergeant
Exciting plans have been unveiled to create a brand-new “entertainment hub” in the heart of Manchester city centre.
One of the UK’s fastest-growing leisure chains, STACK – which already has several similar successful sites across the country in places such as Newcastle and Sunderland – has announced that it has now taken control of the former HATCH site beneath the flyover on Oxford Road, and will be transforming the space into a “dynamic blend” of street food, bars, and live entertainment.
The proposed new venture, which will be called STACK Manchester, has been designed with a gateway arch entrance from Oxford Road, leading to an expansive open plaza surrounded by street food vendors and bars.
Forming a permanent feature of the Oxford Road Corridor if approved, STACK Manchester will be housed in repurposed shipping containers, and arranged over two levels.
Developers say the design of the new site will incorporate “ample” glazing and pavement seating to create a “lively frontage that connects seamlessly with the street”.
Central to the development is a large stage, which will be a focal point for daily live entertainment that ranges from family-friendly events and quiz nights, to mass sing-alongs and dog shows, and in addition to this, there’ll also be two new outward-facing retail units and a dual-aspect coffee shop.
Former traders from HATCH are encouraged to apply for a place in the new STACK Manchester, and will be given priority during the selection process.
Speaking as the plans for the new development were unveiled this week, Neill Winch, who is the CEO of STACK, commented: “We believe this site is the perfect fit for our concept, and we’re excited to bring our blend of street food, bars, and live entertainment to Manchester.
“Subject to planning approval being granted, we are confident STACK Manchester will become a much-loved venue for local residents as well as a successful visitor attraction.”