Demand for prime city-centre property continues to boom in Manchester according to the latest figures from JLL, who have recorded a 117% rise in people moving to the city in July this year compared to 2018.
According to the latest monthly house price forecast from reallymoving – Brexit fears may be misplaced. The report predicts an increase in UK house prices over the next three months. August is set for a price rise of 3.2%, and despite the fact this is expected to drop back down to 1.4% in September, annual growth will be up 3.1%, the most significant month-on-month annual increase since last November.
Rightmove’s latest House Price Index Report for July has revealed that properties in the North West have had the highest annual growth nationwide over the past month.
Properties in the region have experienced an overall 2.5% value increase since June, beating every other regional area of the UK. The results further highlight that the North West is still proving to be a desirable location for buyers looking to generate strong capital growth. On the other end of the spectrum, out of the 11 regions in the report, London is showing the biggest property price decrease, with values falling by 1.7% in the past year.
Liverpool throughout the 90’s was severely neglected and entrenched in political instability. However as with Manchester, the new millennium saw a rejuvenation of the city. By 2004, a multi-billion investment into the city led to numerous urban regeneration efforts leading to Liverpool being named the cultural capital of Europe.
A report in The Guardian suggested that John Healey (pictured), the shadow housing minister, wants the Bank of England to be given an explicit target for house price growth, in much the same way that it has an inflation target.