While we don’t know for certain what could have caused such a spike in annual property price growth, there are a number of possible reasons that could have contributed.
The upcoming stamp duty changes set to take effect in April may have caused many buyers to rush into the market to avoid higher costs, resulting in a surge in demand and subsequent higher property prices.
Increased property market activity was also recorded during the beginning of 2025, with an 11% annual surge in sellers entering the market.
In the North West specifically, buyers have been recognising the appeal of the region for a number of years thanks to better affordability, high demand, and promising long-term capital growth due to ongoing regeneration.
More people are viewing areas in the North West as ideal places to live, particularly Liverpool and Manchester. Woolton, a popular Liverpool suburb, made headlines this month by being ranked the best place to live in the North West by the Sunday Times.
Savills property price predictions within their Residential Market Forecast suggest the North West is going to continue leading the way for UK housing market growth, with the highest five-year growth predictions of 29.4% by 2029.
If you’re considering getting started with UK property investment and interested in buy to let in North West areas, now could be a great time to invest. With evidence that the market in the North West is performing well and predictions for even higher future growth, savvy buyers could secure the best deals right now and benefit from enhanced capital growth returns.