North-west and Yorkshire forecast to see strongest house price growth


As two fast growing regions, the north-west of England and Yorkshire are predicted to see the highest increase in property prices over the next five years, with exciting new developments and investment in the pipeline.

The latest Residential Property Forecasts published by Savills have revealed that the north-west of England can expect to see property prices rise by 24% in five years. Yorkshire and the Humber followed with prices expected to increase by 21.6% in the same amount of time. Across the UK, houses prices are forecast to grow by an average of 15.3% over the next five years, which means the north-west and Yorkshire are predicted to outperform the majority of the nation.

Lucian Cook, head of residential research at Savills, stated: “We anticipate a continuation of trends seen historically, where London and the south-east underperform markets in the Midlands and north. This stage of the cycle appears to have begun in 2016, coinciding with the referendum, when London hit up against the limits of affordability.

“Markets further from the capital, such as Leeds, Liverpool, and Sheffield, were much slower to recover post financial crisis and have much greater capacity for house price growth relative to incomes, even as interest rates rise.”

Liverpool and Manchester

As a big part of the growth in the north-west, Manchester and Liverpool are both seeing impressive levels of investment, which is expected to further boost the property markets. Both cities were on Seven Capital’s list of top 10 locations to invest in UK property for 2020 as they are expected to see property prices and residential demand grow in the coming years.

With Liverpool’s city centre set to be transformed over the next 15 years with millions of square feet of new office space, the rise of new high-spec flats and the £5bn Liverpool Waters regeneration scheme, more people, jobs and investment are expected to come to the city, which is likely to bring more demand to the property market.

As Manchester’s city centre population is forecast to have an additional 100,000 more residents by 2025, it’s not surprising that many UK property experts are predicting property prices to rise further. Demand for residential properties, especially in the rental market, is expected to increase significantly, and supply is unlikely to be able to keep up.

Yorkshire and the Humber

Leeds, the powerhouse of Yorkshire, is set for more improvements and development. Improving transportation across the city and wider region, in addition to substantial regeneration in South Bank, is bringing further investment to the city and enticing more people to move to the city. This is expected to positively impact the property market and the city as a whole.

Look to the north

The report by Savills reveals locations across the north of England are expected to see a substantial increase to property prices as large amounts of regeneration, new developments and investment are coming to these regions. Savills reiterated the view that looking to the north can bring forward lucrative opportunities for buy-to-let landlords and investors.

As the north-west and Yorkshire continue to see more growth, property investment is expected to continue to thrive in these regions. If you’re looking for your next investment, BuyAssociation offers a range of property investment opportunities in the north.

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


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.


Not a member? Sign up for free

buy-to-let mortgages

North-west and Yorkshire forecast to see strongest house price growth


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.