The UK property market is showing no sign of slowing down any time soon after yet another house price growth. Due to a shortage of homes for sale but a high demand of people looking to move, house prices jumped by 12.6% in February - which is an increase for the seventh month in a row.
The average price of a home in the UK now stands at £260,000, according to Nationwide, which is the highest ever on record. READ MORE: Tiny terraced house in Greater Manchester is so narrow you might not even notice it Greater Manchester estate agents are very much seeing the effects of the current property market come into play, with many sharing concerns that homes are becoming even less attainable for first-time buyers.
The price of a typical home across the country now is now a huge 20% higher than it was in February 2020, with the average house price in the region currently around £249,400 according to Rightmove.
In response to the latest hike in house prices, local property experts have shared their response and given an insight into what you can expect if you are searching for a home in Greater Manchester this year.
Read more on manchestereveningnews.co.uk