Two residential areas in Greater Manchester have been highlighted as UK ‘property hotspots’ based off house price data from 2022.
And they’re probably not the places you’d expect either.
There’s no doubt the property market in our region has been booming over the last decade or so, with average house prices seeming to rise year-on-year, and more and more areas becoming sought-after as the places to live time goes on – but now, Rightmove has released its list of the top UK property hotspots for this year based off 2022 data, and two rather surprising Greater Manchester areas have made their way onto it.
To create its list of hotspots, the UK’s biggest property website compared average house prices across the UK between 2022 and 2021 to out find the areas where prices they have risen the most, and the areas where prices are increasing more than the national average indicate that the area is a ‘hotspot’.
As well as soaring prices, Rightmove also considers a ‘property hotspot’ to be a place where there is a high demand for homes too.
ADVERTISEMENT
Manchester‘s inner city area of Hulme has claimed second place on the list.
Rightmove has released a list of the top UK property hotspots for this year based off 2022 data / Credit: Wikimedia Commons
Hulme is an ever-changing residential area that’s been the subject of redevelopment projects several times over the years, and has always been a favourite with students and young professionals thanks to it being home to Manchester Metropolitan University‘s (MMU) Birley campus, but Rightmove’s latest data shows it could be set to surge in popularity with a much wider audience this year.
ADVERTISEMENT
According to the data, the average price of a home in Hulme jumped up by 26% from £188,454 in 2021 to £238,249 in 2022.
Elsewhere on the list, the Bolton residential area of Little Lever has been named another one of the UK’s property hotspots, claiming eighth place after average house prices soared by 20% from £169,709 in 2021 to £202,890 in 2022.
Grabbing first place as the UK’s top property hotspot was Eastwood in Nottinghamshire, according to Rightmove, with average asking prices in the area jumping by 29% compared with 2021.
ADVERTISEMENT
Other property hotspots named in Rightmoves top 10 list based off last year’s data include Sandbanks in Dorset, Heathfield in East Sussex, Chelston in Devon, St. Peters in Kent, Cowes on the Isle Of Wight, Birchington in Kent, and Deeping St. James in Cambridgeshire.
Property prices in each of those areas had soared by more than 19% since 2021.
Two rather surprising Greater Manchester areas have made their way onto the list / Credit: Roger Kidd (via Geograph)
While the South East has the most areas featured in the top 10 property hotspots, the North East, however, saw the biggest regional annual growth of 10.3% in 2022, and as a whole, house prices across the UK were higher in 2022 than the year before.
Rightmove says average house prices were 5.6% higher across the UK at the end of 2022 than they were at the same time in 2021.
“Property prices have risen exceptionally over the last three years,” admitted Tim Bannister, property expert at Rightmove.
ADVERTISEMENT
“If we compare with December 2019, just before the pandemic started, the average asking price of a home in Great Britain has risen by a staggering 20%, so to put that into context, asking prices rose just 3% in the previous three years, and we need to go all the way back to 2013 to see similar price growth.
House prices were 5.6% higher across the UK at the end of 2022 than they were in 2021 / Credit: Julie Twist Properties (via Rightmove)
“We expect average asking prices to drop by 2% next year now that the frenetic period for the market is over.
“It is likely that some sellers, particularly those in locations and sectors of the market that have benefitted the most from pandemic price growth, may be willing to give up some of their gains in this calmer market in order to negotiate a successful sale.”
Government sets date for ‘historic’ no-fault evictions ban next year
Emily Sergeant
The Government has officially set the date for the ban of no-fault evictions next year.
Renting in England is expected to be ‘transformed’ with a raft of major changes coming into effect as part of the new Renters’ Rights Bill from 1 May 2026 for 11 million people across the country – and this, crucially, includes the end of Section 21 evictions at no-fault of the tenant.
As it stands, Section 21 notices leaving thousands of people vulnerable to homelessness every year, but in just under six months’ time, private renters will no longer face this threat.
To the vast majority of renters and landlords who play by the rules, this government has got your back.
Further measures announced as part of the new Renters’ Rights Bill – which has now been passed in law – include a ban on rental bidding wars, making landlords and letting agents legally required to publish an asking rent for their property and prevented from asking for, encouraging, or accepting any bids above this price, and also a ban on in-tenancy rent increases written in to contracts.
The latter will prevent landlords from implementing higher rents mid-tenancy, and only allow them to raise the rent once a year to the market rate.
Landlords will also no longer be able to unreasonably refuse tenants’ requests to have a pet, nor will they be able to discriminate against potential tenants, because they receive benefits or have children.
‘No-fault’ evictions are now banned in England under historic new legislation / Credit: Maria Ziegler (via Unsplash)
On the flip side, however, the new Bill means landlords will have stronger legally valid reasons to get their properties back when needed – whether that’s be to move in themselves, sell the property, or deal with rent arrears or anti-social behaviour.
The Government says this will work to deliver a fairer system for both sides.
“We’re calling time on no fault evictions and rogue landlords,” commented Housing Secretary, Steve Reed. “Everyone should have peace of mind and the security of a roof over their head, and the law we’ve just passed delivers that.
“We’re now on a countdown of just months to that law coming in, so good landlords can get ready and bad landlords should clean up their act.”
Alongside the Renters’ Rights Act, an ‘improved’ Housing Health and Safety Rating System, which will better assess health and safety risks in homes and making it more efficient and easier to understand, will also be introduced.
And there are also planned new standards to ensure privately rented properties are warmer and cheaper to run.
Featured Image – Benjamin Elliott (via Unsplash)
Property
Work finally begins on Greater Manchester’s new ‘innovation hub’ in Atom Valley creating 20,000 jobs
Emily Sergeant
It’s official… work has finally begun on the first major development in Atom Valley.
If you’re not familiar with Atom Valley, this new project is set to be a unique innovation ‘cluster’ – plans of which were approved by local leaders all the way back in summer 2022 – with the potential to create up to 20,000 new jobs in Greater Manchester once it’s complete.
Greater Manchester wants Atom Valley to become a ‘springboard’ for new and emerging companies and researchers, giving them the support and the opportunities they need to trial and commercialise their innovations right here in our region.
The new development which ground has now been broken on is a Sustainable Materials and Manufacturing Centre (SMMC) – which is set to become a thriving hub of innovation.
Today is a big day for GM.
We break ground on a new research centre at Atom Valley – our emerging world-class cluster in advanced materials and manufacturing.
Here, start-ups and emerging companies will be able to pioneer new technologies and scale up their ambitions, all while creating jobs and driving growth across the region in the process.
Located next to the Kingsway Business Park in Rochdale, it will offer 30,000 sq ft of new laboratory space, workshops, and design studios, as well as a lecture theatre, meeting rooms, office space, and flexible workspace for start-ups.
With the ‘right’ support, local leaders say the SMMC will also be a vital link between Atom Valley and the Oxford Road Corridor, ultimately forging a pathway for new companies and projects to expand from the city centre out into the wider city region.
Work has finally begun on Greater Manchester’s new ‘innovation hub’ in Atom Valley / Credit: DLA Architecture
Mayor Andy Burnham says this is the ‘most ambitious development’ in Atom Valley so far
“It will help unleash the untapped potential of the world-leading research taking place across our city region, bridging that crucial gap from invention to bringing those new innovations to the market,” he explained. “And it will create a new hi-tech corridor from the out to the north of Greater Manchester, creating jobs and new opportunities for start-ups to scale up their ambitions.
“This is integrated, well-connected development in action, and a clear sign of our mission to spread the benefits of growth right across our city region.”
Emily Sergeant -
6th January 2023 
