After continuous house price hikes that came from high demand after the coronavirus pandemic, we are now hearing that property prices are finally falling across the UK.
Recent figures from Nationwide and Halifax have shown consistent falls in average house prices over the last five months which is great news for first-time buyers, but not-so-great for sellers.
However it appears that despite the property market cooling elsewhere, Greater Manchester isn't showing any signs of slowing down. Using data from the HM Land Registry, we have looked at what the average price of a home was back in October 2022 compared to February 2023, and found that prices are continuing to soar.
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Here we have listed the 10 parts of the region where house prices have shot up huge amounts in the last few months which indicates a high level of interest and demand in each area.
Bramhall, Stockport
House prices in Bramhall, one of the region's most desirable neighbourhoods, have risen the most out of all areas of Greater Manchester in the last few months.
The average cost of a home in the Stockport suburb is now £494,819, which has gone up by £48,558 from £446,261 in October 2022.
Broadheath, Trafford
Broadheath, a town in Trafford, has seen house prices rise by a considerable amount in the last five months.
The average cost of a home in the area was £303,094 back in October, but this has now jumped up by £46,096 to £349,190 in February.
Bowdon, Trafford
Bowdon has been proved to be Greater Manchester's most expensive area to live for quite some time. House prices in the affluent Trafford suburb have always been well above average but it appears they are continuing to rise.
Back in October, the average price of a home in the area was £855,886, but in February, this has now jumped up to £41,872 to £897,758.
Heaton Chapel, Stockport
Heaton Chapel in the northern part of Stockport has also seen the price of properties rise in recent months.
The average cost of a home here is now £358,329, which has gone up by £32,495 from £325,835 back in October.
Cheadle Hulme, Stockport
Another area of Stockport, Cheadle Hulme, has seen house prices shot up since October.
Five months ago the average house price in the village was £333,750 but this has now climbed by £31,557 to £365,327 as of February.
Heaton Norris, Stockport
The Stockport suburb of Heaton Norris, which neighbours Heaton Chapel, now has an average house price of £300,921.
This has gone up by £28,005 since October when you could typically buy a home for around £272,916.
Whitefield, Bury
In the Bury borough, the town of Whitefield has also seen house prices go up in recent months.
Last October, the average house price was £249,169 but this has now climbed by £25,536 to £274,705.
Radcliffe, Bury
Property prices are also on the rise in Radcliffe, having gone up by £25,435 in the last five months.
The average price of a home was £206,554 back in October, but it is now likely to cost you around £231,989.
Audenshaw, Tameside
In the market town Audenshaw, house prices have also risen by £25,428 since October.
The standard cost of a property is now £221,088 having gone up by £25,428 from £195,660.
Ardwick, Manchester
Property prices have also risen in Ardwick, an area which sits just one mile south east of the city centre.
The average cost of a home here was £179,971 back in October, but in February the average house price has now gone up by £24,772 to £204,743.
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