News & Legislation

Regional Property Market Update Summer 2021: North West and North Wales

Posted on: Thursday, June 24, 2021

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2021 is set to be one of the busiest sales years in over a decade

Agents report the sales to stock ratios across the North West and Wales are at a record high (RICS). Across the North West and North Wales, the annual rate of housing stock turnover is 3.4%, on par with the UK average. The most active market is currently Cheshire East, where levels exceed 4%.

 

 

Price growth strengthens

Although new instructions to the market have improved slightly in recent weeks, demand continues to outpace supply, placing sustained pressure on prices. Month-on-month average property prices are rising in all regions of the UK.

Year-on-year price growth across the North West and Wales is substantially stronger than the 3.7% and 4.5% respectively recorded this time a year ago (UKHPI). Double-digit annual price growth is evident in over two-thirds of local areas in the North West and North Wales.

 

 

A seller’s market

Market activity is fast-paced. According to Rightmove, the average time taken to sell a property in the North West and North Wales region is 42 days. The proportion of properties selling within their first week of listing is at a record high (Zoopla) and the average time taken to sell a property in the UK is nearly three weeks quicker than in April 2019 (Rightmove). Lifestyle change continues to drive demand, buyers also aided by the extension of elements of tax relief and the new 95% government-backed mortgage guarantee scheme, available on either new or resale properties.

 

 

Properties for sale in the North West and North Wales region of the UK

Woolton, Liverpool, 5 bedrooms

This substantial five-bedroom detached property is located on a quiet cul-de-sac in Woolton Village boasting an attractive frontage, a large conservatory, and mature gardens with paved patio areas. There is a wealth of amenities in this popular area including a good selection of superstores, shops, bars, restaurants, a cinema, gym, and places of worship. Nearby you can get lost in Woolton Woods, exploring Camp Hill, and visit the beautiful Calderstones Park, too. There are great transport links and popular local schools across all age ranges.

Bentham, Lancaster, 5 bedrooms

 

Full of charm and character, Grove Hill House is a fine, Grade II Listed semi-detached property, dating to the Georgian era. With spacious accommodation, garage, parking and delightful private gardens, this striking property is tucked away and yet close to all the amenities provided by the bustling market town of High Bentham. The home is within the catchment area for excellent secondary education.

Rochdale, Greater Manchester, 4 bedrooms

Beautifully presented throughout, this immaculate detached house occupies a highly sought-after position, close to excellent local amenities and schools. Standing in a good-sized plot, on the doorstep of beautiful open countryside, the home benefits from off-road parking, an integral garage and well-maintained gardens.

Contact us

Take advantage of the seller's market this summer with the best agent in your area. Contact your local Guild Member today.