Greater Manchester’s latest property hotspots where house prices are still soaring despite ‘market cooldown’

House prices in certain parts of Greater Manchester are defying the market trend as prices are still soaring. Across the country, the average cost of a home is gradually going down as the property market is experiencing a ‘cooldown’, according to Halifax.

But prices in at least 10 areas across the region have continued to rise sharply over the past year, despite those in the wider housing market now plummeting. This indicates that these sought-after areas have become magnets for househunters as rising prices usually means high demand.

Using the latest data from the Land Registry, the Manchester Evening News has looked at the postcodes which have experienced the biggest house price growths over the last year, to find the region’s latest property hotspots.

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Prices have gone up the most in WN4, which covers the market town Ashton-in-Makerfield in Wigan. Over the last year property prices have increased by 13 percent, taking the average house price up to £202,185 today.


Househunters are also being drawn to Ashton-under-Lyne, a market town in Tameside. The average property here now costs around £195,386 after prices have risen by 10 percent over the last 12 months.


In M12, which covers the Manchester areas of Ardwick, Longsight and Chorlton-on-Medlock, prices have gone up by 9.5 percent taking the average property cost up to £190,016.


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