North-west led the way in 2019 with strongest house price growth

 

Eight of the top 10 places with the strongest property price increases during 2019 were towns located in the north-west of England.

Research from Halifax revealed the north had the largest house price growth during the past year, while prices dipped in the south. The north-west featured eight of the top 10 areas with the most significant house price rises.

Billingham, a town in the north-east, was home to the largest growth with the average price increasing by 12.3%. Ilkeston, a town in the East Midlands, saw prices rise by 9.1%. The following eight places were exclusively towns in the north-west, including Sale, Wilmslow, Blackburn, Bolton, Burnley, Chorley, Bootle and Southport. House prices in each of these towns boasted a 6% rise or more.

The north-west is also forecast to see the highest increase in prices over the next five years, according to the latest Residential Property Forecasts published by Savills. With exciting new developments and investment in the pipeline across the north-west, the region is expected to remain a popular property investment hotspot for investors.

Russell Galley, managing director of Halifax, stated: “In an interesting twist, this year’s tables show that the North of the country has witnessed the biggest increases in average house prices, while the South has seen prices dip most significantly. This bucks the trend we’ve seen in recent years and marks a small step towards achieving more balance in average regional house prices.”

The benefits of investing in northern towns

As numerous towns across the north are home to higher yields and capital appreciation, investing in peripheral towns outside large cities can be a useful property investment strategy. This can be especially lucrative as the towns often have lower entry prices than their larger counterparts.

Additionally, the government has recently announced plans to regenerate 45 towns in the north through the Future High Streets Fund. This will regenerate town centres, boost local business and improve infrastructure, while benefiting the local property markets. Looking for future investment prospects of a location, like the towns picked to receive this funding, is a prime way of finding an area that’s likely set for population growth and house price increases.

Investing in Bolton

As one of the towns chosen to receive money from the government through the high street fund and also having seen a 6.5% rise in house prices during 2019, Bolton is an important commuter town for Manchester with a plethora of property investment opportunities.

Set to see much regeneration and development during 2020 and the coming years, Bolton also has a £1bn masterplan in the works, which will transform the town centre. The proposals include the creation of thousands of job opportunities and new homes and will generate economic activity worth an additional £412m.

With more growth coming to Bolton during the next year, property investors are expected to become even more interested in this thriving town. If you’re interested in investing in Bolton, check out Stone Cross House, a property investment opportunity with BuyAssociation in the heart of the Church Wharf regeneration area.

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

North-west led the way in 2019 with strongest house price growth

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.