While the entire UK has seen increased activity, the North West stands out as the region experiencing the strongest growth.
According to Zoopla, cities across the North West are registering the highest house price growth rates, with a yearly average house price growth of 3% across the region.
The report from Zoopla discovered that regions where properties are more affordable have seen the most significant increase in agreed property sales, with the North West seeing a growth of 14% compared to the 6% national average.
Housing market growth in the North West can also be attributed to a lower supply of properties, with Zoopla stating that there are just 3% more homes available for sale in the North West than a year ago. Some North West areas that have seen the highest levels of house price inflation include cities Liverpool and Manchester, and towns Warrington, Birkenhead, and Wigan.
Several factors are driving this regional boom. The North West offers comparatively affordable property prices, excellent transport links, and a thriving job market, particularly in sectors like technology, healthcare, and logistics. Regeneration projects such as the ongoing Liverpool Pumpfields regeneration scheme have also made these areas increasingly attractive to young professionals and families.
