MHHG estate agents

Are you looking to buy, sell, or invest in Manchester’s thriving property market? As of March 2025, the city continues to show resilience and steady growth, aligning with broader UK housing trends. With increased housing supply, stable mortgage rates, and shifting buyer demand, now is the perfect time to evaluate your property options in Manchester.

Manchester House Prices: Rising Market Trends

The UK property market has recorded a 1.8% year-on-year increase, bringing the national average house price to £267,500. However, Manchester is outperforming many regions, thanks to strong demand, a dynamic rental sector, and major regeneration projects.

Terraced Houses: Prices have increased by 6.2%, with the average now at £280,000.
Detached Houses: A 3.9% rise has brought the average price to £450,000.
Flats & Apartments: More affordable options, with a 2.5% increase, averaging £210,000.

Areas experiencing significant property value growth include Ancoats, Salford Quays, and Northern Quarter, all benefiting from ongoing infrastructure and commercial developments.

Buyer & Seller Activity: More Supply, Competitive Demand

An 11% increase in housing supply compared to last year means buyers now have more choices, but demand remains strong:

• Buyer demand has risen by 10% year-on-year.
• Sales agreed are up by 5%, showing steady market movement.
• Homes are spending slightly longer on the market, giving buyers more negotiation power.

If you’re selling, setting a competitive asking price is essential to attract buyers in this evolving market.

Economic Factors & Mortgage Considerations

Several economic factors are shaping Manchester’s property landscape in 2025:

• Mortgage rates have stabilized at 4.4%, improving affordability.
• Average earnings have increased by 6%, boosting buyer purchasing power.
• Upcoming stamp duty changes from April 1, 2025, may drive short-term buying activity before adjustments take effect.

These factors create a balanced market where both buyers and sellers can benefit from strategic decision-making.

Manchester Property Market Outlook: What’s Next?

Manchester’s housing market is set to remain strong and competitive throughout 2025, supported by:

• Major regeneration projects like Victoria North and Mayfield, enhancing infrastructure and housing supply.
• A stable employment market, driving housing demand from professionals relocating to the city.
• Government-backed initiatives aimed at improving housing affordability and availability.

Final Thoughts: Why Manchester Remains a Hotspot for Property Investment

With rising house prices, a booming rental market, and a strong economy, Manchester remains a top UK property investment destination. Whether you're a first-time buyer, an investor seeking high rental yields, or a seller looking for the best market opportunities, understanding these trends can help you make informed decisions.

Stay ahead of the market by following our regular property updates. If you're thinking about buying, selling, or investing in Manchester property, get in touch for expert advice and insights tailored to your needs.

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