In the midst of the cost-of-living crisis and soaring mortgage rates, one Greater Manchester borough is proving to be in high demand. House hunters who are searching for a more affordable place to live have been flocking to Rochdale over the last year, causing a sudden surge of buyers in the area.
Whilst house prices have been rising across Greater Manchester as a whole, demand in Rochdale has caused prices to climb faster than anywhere else in the region. In April 2022, the average cost of a home here was £176,900, but in the space of a year, this has now jumped up by almost 10 percent to £194,500.
Despite house prices rising fast, the sought-after borough is still considered to be one of the cheapest areas to live in comparison to Manchester, Stockport and Trafford - where the average property costs as much as £362,500.
