House prices have been on the rise for quite some time now as the property market has proven to be busier than ever. But after 18 months of soaring prices and tough competition, there are finally signs of things calming down.
After seeing interest rate rises, the increasing cost of living and the UK's average house price reach a fifth consecutive high of £368,614, Rightmove say that the pace of price growth is now starting to slow.
The online property portal expects that affordability constraints, a better balance between supply and demand and usual seasonal price drops will contribute to house prices falling in the coming months - and it looks like this is already proving to be the case in Greater Manchester.
