Regional Property Market Update Autumn 2021: North West and North Wales
Price growth strong across all regions
Annual property price growth in the North West and North Wales is significantly stronger than a year ago, as the shortage of property to buy continues to support prices. Agents across the North West and Wales report the current sales to stock ratio remains high (RICS), with properties selling in just 34 and 35 days respectively (Rightmove).
Double-digit property price growth is evident in 37 areas of the North West and North Wales. Pendle and Rossendale are currently the strongest performing areas.
Surge in sales
It is estimated 880,000 property sales took place across the UK in the first six months of 2021, the highest half year total ever recorded and 50% higher than the same period in 2019 (HMRC). It is anticipated sales will top 1.5 million over the course of the year. Buyers have been spurred on by a desire for change and financial savings as a result of taxation ‘holidays’, with over 60% paying no tax on their purchase.
Across the North West and North Wales, the most active housing markets over the past year have been in Cheshire East and Ribble Valley.
Space to be
The search for space continues to drive many buying decisions. As businesses adopt more flexible ways of working, blended working patterns are set to become the norm for many, and personal wellbeing has shot up the agenda. The local environment, gardens, greater internal square footage and a demarcated space to work from home, all continue to be deemed more important property features in a new home.
Properties for sale in the North West and North Wales regions of the UK
Weston, Cheshire, 5 bedrooms
This beautifully presented executive style detached family home is set on the prestigious Wychwood Park development in Weston, set over a palatial 2850 sq. ft. of liveable space. Surrounded by stunning Cheshire countryside, the park offers further benefits including a PGA style golf course, a wonderful hotel and 24-hour security.
Rochdale, Greater Manchester, 3 bedrooms
Offering vacant possession on completion, this substantial three-bedroom semi-detached home provides spacious family sized accommodation and occupies a highly sought after position, close to excellent local amenities, with good transport routes into Rochdale and Norden. Externally, the property has a forecourt to the front and an enclosed paved garden to the rear with off-road parking for two cars.
Ulverston, Cumbria, 3 bedrooms
This fine three-bedroom Georgian property boasts a host of period features, including a stunning ceiling to the study, beams, fireplaces, architraves and floorboards. The setting of this property is idyllic, with views out across Morecambe Bay to the front and inland to the Lakeland fells. The plot extends to approximately 1.24 acres, with patio seating areas, lawns, vegetable beds, parking, lush woodland and a small paddock adjacent to the detached barn. Two barns offer the potential for extensions and conversions to offer additional accommodation, holiday lets or workspace.
Contact us
Make the most of double-digit property price growth with the best estate agent in your area. Contact your local Guild Member today.
