Property prices have fallen by as much as 18 percent in one area
Six areas in and around Greater Manchester have seen house prices drop drastically over the last year. Whilst property prices in the UK have increased by 2.1 percent annually, according to the Nationwide, there are some parts of our region that defy the upwards trend.
Here are the six postcodes where house prices have fallen most in the last year, with one area seeing a decline of as much as 18 percent, which makes buying a home in these areas much more affordable.M15 M15, which covers Hulme, has seen the biggest fall in house prices of all Greater Manchester postcodes over the last year. Homes in the inner city area are now selling for around £257,921, compared to £315,119 last year.
M13 In M13, which covers Ardwick, Longsight and Chorlton-on-Medlock, house prices have dropped by 15.4 percent, equating to around £39,919.WA13 In this postcode, just outside Greater Manchester, covering areas such as Warburton and Lymm, the average property cost is now £378,894 compared to £436,959 last year. This is a fall of 13.3 percent which is a drop of around £58,064.
The current average house price is £212,006, which has fallen by 12.4 percent since the average of £242,057 last year.
Property News Hulme Ardwick Longsight Stalybridge And Dukinfield Carrbrook Millbrook Money Bolton Westhoughton Shevington Standish
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