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North West house prices continue to outperform as UK market returns to growth

North West house prices continue to outperform as UK market returns to growth

After a slower spring for the property market, there is positive news for homeowners, buyers and sellers alike. The latest figures show North West house prices continue to outperform many other regions, while UK property prices have recorded their first monthly increase in four months.

According to the latest data from Lloyds, UK house prices rose by 0.2% in June, taking the average property value to £299,330. Annual UK house price growth has also increased to 0.6%, highlighting growing stability across the housing market.

The North West remains one of England’s strongest-performing regions, with annual house price growth of 2.4%. This continued resilience reflects strong buyer demand, attractive property values and the region’s ongoing popularity with home movers.

Why are North West house prices performing so well?

The North West property market has consistently shown its strength over recent years. While some southern regions have experienced slower growth, the North West continues to attract buyers looking for excellent value, strong transport links and thriving local communities.

Areas across Greater Manchester, Lancashire and Cheshire remain highly desirable thanks to their combination of affordability, employment opportunities and quality of life. As mortgage rates continue to improve, many buyers who delayed moving earlier this year are now returning to the market.

This renewed confidence is helping to support North West house prices, with demand remaining healthy across a range of property types.

What does this mean for buyers?

If you’re looking to purchase a home, the latest figures provide plenty of reasons to feel optimistic.

Although North West house prices are continuing to grow, the region still offers excellent value compared with many parts of southern England. Combined with improving mortgage products and greater market stability, buyers have an opportunity to secure their next home with increased confidence.

Whether you’re buying your first home, upsizing or investing, acting sooner rather than later could help you get ahead of any further price increases if demand continues to strengthen throughout the year.

What does this mean for sellers?

For homeowners thinking about selling, the outlook is equally encouraging.

A resilient local market, combined with renewed buyer confidence, means well-presented and realistically priced homes continue to attract strong levels of interest.

The latest figures show that North West house prices remain among the strongest in England, giving sellers confidence that there is still healthy demand from motivated buyers.

Working with an experienced local estate agent can make all the difference, ensuring your property is accurately valued, professionally marketed and positioned to achieve the best possible result.

Looking ahead for the North West property market

While wider economic conditions will always influence the housing market, there are several positive signs for the months ahead.

Improving mortgage affordability, stabilising inflation and increasing buyer confidence are all helping to create a more balanced property market. If these trends continue, the North West is well placed to remain one of the UK’s strongest-performing regions.

For both buyers and sellers, local knowledge has never been more important. Every town and neighbourhood has its own market conditions, which is why expert advice can help you make informed decisions.

Thinking of moving?

At Miller Metcalfe, we have been helping people move across the North West for well over a century. Whether you’re buying your first home, selling your current property or simply curious about your home’s value, our experienced team is here to guide you every step of the way.

If you’d like to find out how the latest North West house prices could affect your move, get in touch with your local Miller Metcalfe branch or book a free, no-obligation property valuation today.

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