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Manchester Evening News
Manchester Evening News
National
Phoebe Jobling

This is how much house prices have gone up in every area of Greater Manchester

The UK has seen a huge surge in house prices over the last year, largely as a result of the pandemic.

After lockdown, more and more people decided to move homes due to changing ideals and the stamp duty holiday also caused people to up sticks sooner than planned.

But the supply of properties couldn't keep up with the demand, therefore the homes that were available on the market had multiple buyers competing for them - pushing house prices further up.

This trend is continuing into 2022, with demand for property soaring by 49% and house prices even higher than what they were last year.

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All across Greater Manchester the average house price has risen over the last year, with Manchester being named by Zoopla as the UK city with the second largest price growth in the last year.

Here we look at which of the region's 10 boroughs have had the biggest house price growths since 2021, and what the average house price now is in each area.

According to Zoopla, this data from their House Price Index is the most accurate and up-to-date.

Bolton

In January 2021, the average house price in Bolton was recorded at £139,000.

As of this month, it has jumped to £151,800 - an annual rise of 9.2%.

Bury

Bury's average house price is currently around £195,500.

In January 2021 it was recorded at £179,200, therefore there has been a yearly rise of 9.1%.

Manchester

This time last year, the average house price in Manchester was £173,200.

This has now risen by 7.2%, the lowest yearly increase in Greater Manchester's boroughs, with the current price standing at £185,700 in January 2022.

Oldham

This month, the price of a home in Oldham is averaged at around £155,100.

In January 2021 the average house price was £138,600 - an annual growth of 11.9% and the biggest increase of all 10 boroughs.

Rochdale

Rochdale has had the second biggest house price growth in Greater Manchester, with an annual price change of 11.8%.

The average house price was recorded at £133,300 in January 2021 and has jumped to £149,000 this month.

Salford

In January 2021, the average house price in Salford was around £163,300.

There has been a yearly increase of 7.3%, with the standard price now £175,200 as of January 2022.

Stockport

Currently, the average price of a home in Stockport stands at £255,400.

This is an annual price increase of 8.1% since January 2021, when the average was around £236,300.

Tameside

Tameside's house prices have increased by 8.5% over the last year.

Currently the average house price is £166,200, but it was recorded at £153,200 in January 2021.

Trafford

Trafford is currently the borough with most expensive house prices in Greater Manchester.

In January 2021 the average price of a home was £294,200, yet in 2022 this has jumped by 7.8% to £317,200.

Wigan

In January 2021, the average house price in Wigan was around £135,000.

There has been a yearly increase of 10%, with the standard price in January 2022 now ££148,600.

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