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.”
A groundbreaking new multi-use entertainment and leisure venue is coming to Manchester
Danny Jones
A new multi-purpose food, drink, entertainment and leisure destination is coming to Manchester city centre and the Salford border this autumn, and you won’t find many places that roll so much into one spot.
Mancs, get ready to welcome ‘Tangerine’.
Conceived by an impressive collective of local creatives, indies and those with plenty of experience catering to the Northern masses, Tangerine is promising everything from multiple resident kitchens, a live music hall, an arthouse stage, a specialist martini bar and more.
Better yet, after a year in the making and quietly chipping away at the striking space, it opens later this month, so you don’t have to wait long to try it for yourselves.
Located on New Bailey Street, just on the edge of Spinningfields and Salford Central, this groundbreaking new venue features two main platforms (utilising the integrated charm of the historic railway arches), each boasting its own selection of attractions.
While platform one will offer a bakery, coffee roastery, wine store and bottle ship, the ‘Canteen Club’ and even a florist, number two will contain the music hall, arthouse stage and the stylish ‘Grand Departures’ bar – serving seven espresso martini alone – Tangerine will deliver a seamless day to night transition.
Arguably, however, the centrepiece is the ‘Cantina Collective’. The food and drink hall promises seven in-house kitchens, showcasing a variety of cuisines.
The opening line-up already confirmed includes Vanda: a family-run Parisian-inspired Ukrainian bakery; Mexican taqueria, PANTERA, burger joint Juicy, as well as Yo Dutchie (a unique fusion of Dutch-Japanese food) and a new Korean/ramen concept from local sushi favourites, Unagi.
Our stomachs are already grumbling just thinking about it.
CGI renders of the completed space. (Credit: Supplied)
Designed not only by the brains behind Northern Quarter’s beloved Mala hidden garden but WANT STUDIOS, who will be ensuring local artists, independents, and traders will be regularly spotlighted, the site will boast a capacity of well over 300 people.
Artyom Dmitrijev, owner of Tangerine and Mala, said in a statement: “Over a year in the making, we’ve used all our experience in design, interiors, architecture and hospitality to create our dream project. A place for all the independents to come together and thrive.”
Andy Windsor, Director of WANT STUDIOS, added: “Tangerine unites the city’s independent kitchens, bar tenders, bakeries and entertainment specialists. It is a unique showcase of what we do in the city. This is a new space for creativity, food, and culture, and we’re proud to be part of it.”
Debuting to the public with a big Halloween weekender on the evening of Friday, 31 October, with another launch event the following Saturday, you can sign up for exclusive early access for free, which could see you score a few freebies to boot.
Featured Images — Press shots (supplied)/Tangerine MCR (via Instagram)
Property
Government announces homebuying overhaul to fix country’s ‘broken’ housing system
Emily Sergeant
The Government has announced what it’s calling the biggest shakeup to the homebuying system in this country’s history.
In a bid to ‘rewire a chaotic system which has become a barrier to homeownership for thousands nationwide, the Government has today (Monday 6 October) unveiled proposals that it says will speed up the long-drawn out and costly process of buying a home by four weeks.
The Housing Secretary says this will not only save people money, but unnecessary stress too.
The proposed new plans would see sellers and estate agents required to provide buyers with ‘vital’ information about a property upfront – including the condition of the home, leasehold costs, and chains of people waiting to move.
It’s hoped this will help end any last-minute chain collapses and ultimately give greater confidence to first-time buyers when they’re making one of life’s most important decisions.
The Government has announced plans to fix the country’s ‘broken’ housing system / Credit: Benjamin Elliott (via Unsplash)
Binding contracts could also be introduced to stop people walking away from agreements after buyers painstakingly spend months in negotiations to hopefully halve the number of failed transactions.
The new reforms are also proposing that prospective buyers are provided with side-by-side information on estate agents and conveyancers, including their track record and expertise, alongside new mandatory qualifications and Code of Practice to drive up standards and work to rebuild trust in the industry.
Prime Minister Keir Starmer took to Twitter this morning to address the proposed new homebuying overhaul, commenting: “I promised that my Government would fix the broken housing system.
“Buying or selling a home will be faster, unlocking the dream of homeownership and allowing hardworking people to focus on the next chapter of their lives. That’s national renewal.”
I promised that my government would fix the broken housing system.
Buying or selling a home will be faster, unlocking the dream of homeownership and allowing hardworking people to focus on the next chapter of their lives.
Emily Sergeant -
6th January 2023 
