Manchester sells property two weeks faster

 

Manchester saw an increase in house prices of almost 9% over the last 12 months. And interest seems to be growing at almost the same speed.

Post Office Money Mortgages named Manchester as one of the cities with the highest level of popularity in the UK.

Examining the average time it takes to sell a property, the report had a closer look at 20 major cities across the UK and found that, on average, it takes 91 days to sell.

https://www.buyassociation.co.uk/2016/10/29/manchesters-attraction-east-chinese-investors/

And although average house prices in Manchester went up by 8.9%, to 149,722, properties are still being snapped up 14 days faster than the national average, as they sell in just 77 days.

This is a decrease of of 22.7% compared to one year ago when it took 99 days to sell a property.

With this, Manchester is the 11th fastest city to sell a home and ahead of its Northern Powerhouse brothers, Birmingham (takes 80 days) and Liverpool (takes 108 days).

https://www.buyassociation.co.uk/2016/10/18/northern-powerhouse-creating-property-investment-hotspots/

The quickest to sell, however, were Bristol with 51 days and Edinburgh with 53 days.

Cassie Sugrue, from JP & Brimelow in Didsbury, told MEN: “We kind of class Didsbury as a mini London really as they go quite quickly, compared to other areas.”

“We’re coming up to a bit of an awkward time with Christmas coming up, properties are staying on the market a little bit longer.”

“But yes, two weeks is the maximum time, if they are priced correctly. If a house doesn’t sell in Didsbury it’s because they aren’t priced correctly.”

John Willcock, Head of Mortgages at Post Office Money, said : “House prices continue to rise across the country but eager sellers should remember that this might not be any guarantee of a successful sale.”

“The attractive asking prices can lead many people to put their property on the market, leading to competition in the local market. Even property hotspots such as London are not necessarily guaranteed to sell quickly.”

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Manchester sells property two weeks faster

Manchester sells property two weeks faster

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.