NORTH WEST PROPERTY MARKET SET TO CONTINUE THRIVING THROUGHOUT 2020
2020 is expected to be one of the best years yet for the property market in the North West of England, with house prices forecast to substantially increase as well as student accommodation and town centre property set to dominate the sector throughout the year.
House Prices in the North West to Soar
The price of property in the North West is set to grow faster than any other UK region in the next five years, with property agents Savills forecasting a rise of 18% by 2022. With the UK expected to experience an average house price rise of just 14%, the North West region, home to counties such as Greater Manchester, Cheshire and Lancashire, surpasses all other regions.
Despite a small decline in property prices in the area throughout 2018, the North West is set for the highest growth forecast in the UK this year, coinciding with the growth of employment, wages and GDP levels.