MANCHESTER has been awarded the title of the UK's new 'property powerhouse' after a recent surge in house prices. The latest analysis from Open Property Group has revealed that when it comes to house price growth, Manchester has far outperformed other major UK cities over the last year including London.
According to the latest Government house price figures, property prices in the city are increasing much more than the national average. Rising house prices give a good indication of the state of the market, with growing demand often being one of the key factors that drives prices up.
The house buying company analysed the latest data by looking at house price performance over the last year across 10 major cities.
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