Rightmove’s latest House Price Index Report for July has revealed that properties in the North West have had the highest annual growth nationwide over the past month.
Properties in the region have experienced an overall 2.5% value increase since June, beating every other regional area of the UK. The results further highlight that the North West is still proving to be a desirable location for buyers looking to generate strong capital growth. On the other end of the spectrum, out of the 11 regions in the report, London is showing the biggest property price decrease, with values falling by 1.7% in the past year.
With the North West showing steady signs of growth compared to traditionally popular cities further south, market analysts and experts suggest now is the best time to enter the market and negotiate a great deal on a property.
Miles Shipside, Rightmove director and housing market analyst comments:
“The housing market fundamentals remain largely sound in many parts of the country [...] With record employment, low interest rates and good mortgage availability, buyers have a lot in their favour. [Now] could be a good opportunity to negotiate a relative bargain in the second half of the year, if they can set aside the continuing Brexit distractions.”
Other areas of considerable growth across the UK include the West Midlands (+1.2% year-on-year growth), highlighting further the strength of regional markets.
With a number of opportunities in these regional hotspots, the team here at Alliance Investments will be able to offer you sound advice and opportunties in some the UK’s fastest growing locations. To find out more and find out how you can take advantage on these regional hotspots showing continued annual growth, get in touch with a member of our team today.