Manchester Property Leading The Recovery | Housing Market News

Manchester Property Leading The Recovery

Manchester housing market showing positive signs of real recovery

LONDON October 6th 2009-The Manchester housing market is showing positive signs of a recovery with statistics from a classified ads website Gum Tree and private sales website The Little House Company both reporting increases in activity in the area. At the same time a village just 12 miles from Manchester has been identified as a celebrity property hotspot.

The UK housing market it showing signs of recovery however in London many pundits put this down to a lack of inventory and the activity of overseas property buyers driving house prices upwards.

It seems the real recovery could actually be taking place in Manchester , Gum Tree.com the classified ads website report has reported that Manchester rental prices have risen for the first time since 2007 marking a turning point in the city’s property market. With an increase of 0.6% in rental prices, Manchester is recovering ahead of other UK cities. The busiest city for enquiries and private sales at the UK’s leading private sales website The Little House Company for period between July to September 2010 followed by London and then Birmingham. see latest property for sale in Manchester

Manchester buzzing housing market is becoming centre of attention as celebrities and the very rich move into Alderley Edge Cheshire just 12 miles to the south of Manchester. It is fast becoming famous as the haunt of footballers — the Beckhams, Sir Alex Ferguson, Cristiano Ronaldo and Michael Owen have all had or own homes here. The village serves its residents well with bars, restaurants, designer shops, hairdressers and beauticians. There are several excellent independent schools near by, including Alderley Edge School for Girls and The Ryes Girls and Boys Preparatory School in the village.

House Prices in Manchester

Average house price: £139,910

House type Average price