House price rise for March
Manchester came out as the best performing borough in Greater Manchester for average house price rises in March.
Manchester and Rochdale were at either ends of the spectrum according to figures from the Land Registry which show the increase – or lack of – in the average house price across Greater Manchester.
Manchester house prices saw a massive annual increase of 7.4% when compared to the year before, making it the best performing in the Greater Manchester area.
On the opposite end of the spectrum however, Rochdale saw another monthly drop in prices by some 0.3 pc bringing the total annual depreciation for March to 1.6 pc. This meant that Rochdale was the only borough in Greater Manchester to see house prices fallover the course of the year.
Greater Manchester as whole however, felt a substantial lift in house prices, both annually as well as in comparison to February’s figures. Figures for March showed a slight monthly increase of 0.4 pc but an annual lift of 4.4 pc putting the price of the average home in the county to £113,292.
And despite monthly house prices having fallen by 0.1 per cent since February 2016, the North West as a whole still saw a 5.3 pc annual increase on 2015’s figures. This saw the average home in the North West rise to £116,018.
House prices saw an annual price increase of 6.7% in March, according to the latest figures from the Land Registry, which takes the average property value in England and Wales to £189,901.