Five Greater Manchester suburbs are now in the ‘most popular’ property hotspots in the UK
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.
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:
- 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”.
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