To source this data, Open Property Group looked at the latest Government house price figures and compared property price performance over the last year in 10 major UK cities.
They found that the Manchester property market has outperformed other cities by an impressive margin when it comes to house prices. It registered an annual house price growth of 5.8%. Other significant cities posited growth on a smaller scale, such as Leeds (+0.6%) and Newcastle (+2.1%). Northern cities, in general, are outperforming the South, leading many investors to look for the best investment properties in Northern regions.
CEO of Open Property Group, Jason Harris-Cohen, said: “In contrast to Birmingham, Manchester has gone from strength in recent years, and while it may be looking to cement its place as the nation’s ‘second city’, it’s fair to say that it’s outperformed even London when it comes to current house price performance.”
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