Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
Manchester House Price Growth Surpasses London
Manchester has seen stronger house price growth than London, according to a report by Property118. The data, provided by Benham and Reeves and based on the government’s UK House Price Index, compares average house price movements, residential sales volumes, and new housing completions between the two cities.
The comparison looks at the periods during which Sadiq Khan served as London Mayor and Andy Burnham as Manchester Mayor. The report notes that Manchester’s housing market has surged ahead of London’s in terms of price growth.
This information is relevant for UK letting agents and inventory clerks monitoring regional market trends, as changes in house prices and sales volumes can impact rental demand and property management activity.
Source: Property118