Fuel prices remain high in the UK, despite the average price of petrol falling in July by nearly 9p (8.74p).
23.07.2022 - 10:03 / manchestereveningnews.co.uk
It is a well known fact that house prices are rising all across the UK, with the average cost of a home now £369,968 according to Rightmove. July is the sixth consecutive month that house prices have reached a new record high as a result of huge buyer demand and a low stock of properties available on the market.
Despite house prices being relatively high all across Greater Manchester, there are certain parts of the region where prices have jumped up huge amounts in the last couple of months. The latest house price data from Rightmove has now revealed five property hotspots with the biggest house price growth since May.
In these areas, the average cost of a home has shot up between £18,000 and £159,000 in the last two months alone. This is often a good indication that the area is in high-demand with an influx of people wanting to move there, and it is also good news for buyers wanting to sell up in these areas.
READ MORE: The new 'Metrolink map' that shows just how much it costs to rent a one-bed flat near EVERY tram stop in Greater Manchester
This affluent suburb in Trafford has been Greater Manchester's most expensive area for quite some time - but house prices in Bowdon are now higher than ever before.
In July, Rightmove says the average price of a home is a staggering £902,217, jumping by a whopping £159,113 since being recorded as £743,104 back in May.
With its leafy avenues, gigantic mansions and celebrity residents, detached properties sold for an average of £1,493,239 this month, with terraced properties fetching £607,962.
Overall, sold prices in Bowdon over the last year were 31% up on the previous year and 20% up on the 2018 peak of £750,336.
The village of Broadbottom in Tameside has seen house prices
Fuel prices remain high in the UK, despite the average price of petrol falling in July by nearly 9p (8.74p).
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While house prices have risen across the whole of Greater Manchester, one area in particular has seen a staggering increase in demand.
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