Friday, August 12, 2022

Didsbury tops list of property hotspots


Second on the list is Walthamstow, where average asking prices have increased by 116 per cent over the past ten years

House hunters are flocking to Didsbury, Manchester to look for their next home, taking the North West town to the top of Rightmove’s ten most sought after locations in the UK.

The average asking price in Didsbury is £367,429, more than £130,000 higher than the Greater Manchester average of £237,380.

Second on the list is Walthamstow in East London, where average asking prices have increased by 116 per cent over the past ten years, increasing from £230,888 to £499,534. They are also up by four per cent over the past year.

Wirral in Mersyside took the third place in the top ten.

Although demand is still outstripping supply, the number of properties coming up for sale between March and April has climbed by 51 per cent compared to January and February this year.

The only other London location to make the top ten is Chiswick. Asking prices in Chiswick are lower than they were this time last year, down one per cent to £969,350. They have dropped nine per cent in the last five years when homes were changing hands for over £1m on average.

Rightmove tracks interest through the number of buyers signing up to find out when properties are added to the website in their favourite places to live.

Rightmove’s property expert Tim Bannister said: More buyers have realised they don’t have the luxury of waiting until the weekend to decide which properties they want to request to view, and so they’re making sure they’ve signed up to find out first when a home comes up for sale.

He said: We’re hearing reports of some areas where properties are selling within a few days of being added to Rightmove, and the average time to find a buyer is the quickest we’ve ever recorded nationally. But we also know there are thousands of local markets and some are moving more slowly than others.


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