The Winners and Losers of Greater Manchester’s 2020 Property Boom

The unprecedented impact and disruption of the coronavirus pandemic on all aspects of life has resulted in many people choosing to reevaluate their priorities. With more people spending more time indoors than ever before due to the lockdown, it is little wonder that thousands of families have chosen to change their living arrangements. 

While the coronavirus restrictions introduced to keep people safe resulted in a significant economic downturn, house prices across the UK hit record highs in 2020. According to Halifax’s mortgage-tracking index, house prices increased by 7.6% in the year to November 2020, while Nationwide’s index pointed to a 6.5% rise. Similarly, Rightmove estimated that asking prices had jumped up by 6.6% in the 12 months to December, while the Office for National Statistics’ transaction data pinpointed a 5.4% increase to October. 

Whichever indices prospective homeowners use, it is clear to see that the property market has seen a marked jump in activity brought on by the pandemic. The increased desire to move home, coupled with the government’s stamp duty holiday, announced in July as a means to kick-start the housing market, has resulted in a notable rise in property transactions. 

Here, we take a look at what this means for Greater Manchester, shedding light on the winners and losers of the property market boom and the areas that have seen the most sizable increases in popularity.

Click on the regions below to see the data related to that area.

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Manchester
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Stockport
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Tameside
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Oldham
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Rochdale
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Bury
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Bolton
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Wigan
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Salford
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Trafford
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Manchester

Houses Flats
July 2019 July 2020 % Diff July 2019 July 2020 % Diff
Manchester 20,400 33,800 65,69% 10,580 13,900 31.38%
Blackley 720 1,000 38,89% No Data No Data No Data
Cheetham Hill 490 730 48.98% No Data No Data No Data
Chorlton-cum-Hardy 1,000 1,900 90% 180 220 22.22%
Didsbury 2,490 3,700 48.59% 980 1,320 34.69%
Fallowfield 480 590 22.92% No Data No Data No Data
Hulme 70 140 100% No Data No Data No Data
Moss Side 70 140 100% No Data No Data No Data
Newton Heath 260 320 23.08% No Data No Data No Data
Northenden 590 590 0% No Data No Data No Data
Ringway No Data No Data No Data No Data No Data No Data
Rusholme 170 170 0% No Data No Data No Data
Withington 390 720 84.62% No Data No Data No Data
Wythenshawe 1,590 2,480 55.97% No Data No Data No Data
Longsight 760 930 22.37% No Data No Data No Data

Stockport

Houses Flats
July 2019 July 2020 % Diff July 2019 July 2020 % Diff
Stockport 5,330 7,240 35.83% 1,620 2,380 46.91%
Bramhall 1,300 1,900 46.15% No Data No Data No Data
Bredbury 590 880 49.15% No Data No Data No Data
Cheadle 1,600 2,400 50.00% No Data No Data No Data
Gatley 590 1,000 69.49% No Data No Data No Data
Hazel Grove 1,300 1,600 23.08% No Data No Data No Data
Heaton Chapel 480 720 50.00% No Data No Data No Data
Heaton Mersey 480 720 50.00% No Data No Data No Data
Heaton Moor 1,000 1,300 30.00% 110 140 27.27%
Heaton Norris 210 320 52.38% No Data No Data No Data
Marple 1,300 2,400 84.62% No Data No Data No Data
Marple Bridge 480 720 50.00% No Data No Data No Data
Mellor 720 880 22.22% No Data No Data No Data
Reddish 1,300 2,400 84.62% 10 0 -
Romiley 1,000 1,300 30.00% No Data No Data No Data

Tameside

Houses Flats
July 2019 July 2020 % Diff July 2019 July 2020 % Diff
Audenshaw 1,300 1,900 46.15% No Data No Data No Data
Broadbottom 210 390 85.71% No Data No Data No Data
Denton 2,780 4,200 51.08% 10 0 -
Droylsden 1,300 2,400 84.62% 0 10 -
Dukinfield 880 1,600 81.82% No Data No Data No Data
Hattersley 90 170 88.89% No Data No Data No Data
Hollingworth 140 210 50.00% No Data No Data No Data
Hyde 1,000 1,600 60.00% No Data No Data No Data
Longendale No Data No Data No Data No Data No Data No Data
Mossley 1,300 1,900 46.15% No Data No Data No Data
Mottram-in-Longendale No Data No Data No Data No Data No Data No Data
Stalybridge 1,300 1,900 46.15% No Data No Data No Data

Oldham

Houses Flats
July 2019 July 2020 % Diff July 2019 July 2020 % Diff
Oldham 10,230 17,640 72.43% 1,050 1,140 8.57%
Chadderton 2,910 5,410 85.91% No Data No Data No Data
Shaw and Crompton 1,890 2,620 38.62% No Data No Data No Data
Failsworth 1,600 2,400 50.00% No Data No Data No Data
Lees 480 880 83.33% No Data No Data No Data
Royton 2,400 3,600 50.00% No Data No Data No Data
Saddleworth 2,910 5,410 85.91% No Data No Data No Data

Rochdale

Houses Flats
July 2019 July 2020 % Diff July 2019 July 2020 % Diff
Rochdale 9,550 17,550 83.77% 590 880 49.15%
Heywood 1,900 3610 90% No Data No Data No Data
Littleborough 1,900 2900 52.63% No Data No Data No Data
Middleton 3,200 6,000 87.5% 0 10 -
Milnrow 1,000 1,900 90% No Data No Data No Data
Newhey 320 390 21.88% No Data No Data No Data
Wardle 480 720 50% No Data No Data No Data

Bury

Houses Flats
July 2019 July 2020 % Diff July 2019 July 2020 % Diff
Bury 7,810 13,540 73.37% 890 1,020 14.61%
Prestwich 3,620 5,700 57.46% 460 850 84.78%
Radcliffe 1,900 4,400 131.58% No Data No Data No Data
Ramsbottom 2,900 3,600 24.14% No Data No Data No Data
Tottington 880 1,300 47.73% No Data No Data No Data
Whitefield 2,630 4,910 86.69% 350 560 60.00%

Bolton

Houses Flats
July 2019 July 2020 % Diff July 2019 July 2020 % Diff
Bolton 14,440 24,840 72.02% 1,620 2,290 41.36%
Blackrod 590 1,000 69.49% No Data No Data No Data
Farnworth 1,600 1,900 18.75% No Data No Data No Data
Horwich 1,300 2,400 84.62% No Data No Data No Data
Kearsley 880 880 0.00% No Data No Data No Data
Little Lever 880 1,300 47.73% No Data No Data No Data
South Turton No Data No Data No Data No Data No Data No Data
Westhoughton 2,780 4,600 65.47% No Data No Data No Data

Wigan

Houses Flats
July 2019 July 2020 % Diff July 2019 July 2020 % Diff
Wigan 6,670 13,980 109.60% 1,090 1,260 15.60%
Abram No Data No Data No Data No Data No Data No Data
Ashton-in-Makerfield 1,300 1,920 47.69% No Data No Data No Data
Aspull 720 720 0.00% No Data No Data No Data
Astley 1,300 1,900 46.15% No Data No Data No Data
Atherton 2,180 3,900 78.90% No Data No Data No Data
Bryn 140 390 178.57% No Data No Data No Data
Golborne 590 880 49.15% No Data No Data No Data
Higher End No Data No Data No Data No Data No Data No Data
Hindley 880 1,600 81.82% No Data No Data No Data
Ince-in-Makerfield No Data No Data No Data No Data No Data No Data
Leigh 1,900 3,600 89.47% No Data No Data No Data
Orrell 1,000 1,600 60.00% No Data No Data No Data
Standish 1,780 2,990 67.98% No Data No Data No Data
Shevington 480 880 83.33% No Data No Data No Data
Tyldesley 1,000 1,600 60.00% No Data No Data No Data
Winstanley 590 1,000 69.49% No Data No Data No Data

Salford

Houses Flats
July 2019 July 2020 % Diff July 2019 July 2020 % Diff
Salford 3,220 4,390 36.34% 1,140 1,560 36.84%
Eccles 1,300 1,600 23.08% No Data No Data No Data
Walkden 1,000 1,900 90.00% No Data No Data No Data
Worsley 2,290 4,190 82.97% 50 70 40.00%
Irlam 1,000 1,600 60.00% No Data No Data No Data
Ordsall 30 50 66.67% No Data No Data No Data
Pendlebury 90 110 22.22% No Data No Data No Data
Cadishead 320 720 125.00% No Data No Data No Data

Trafford

Houses Flats
July 2019 July 2020 % Diff July 2019 July 2020 % Diff
Altrincham 3,160 4,690 48.42% 650 800 23.08%
Bowdon 260 320 23.08% No Data No Data No Data
Hale 880 1,300 47.73% No Data No Data No Data
Old Trafford 800 860 7.50% No Data No Data No Data
Sale 2,220 3,320 49.55% 550 620 12.73%
Timperley 1,000 1,600 60.00% No Data No Data No Data
Urmston 1,900 2,900 52.63% 90 140 55.56%

Data based on comparing the number of Google searches made in July 2019 and July 2020.

Greater Manchester’s Property Market

According to Rightmove, most of the sales in Greater Manchester over the past 12 months were semi-detached properties, selling for an average of £216,682. Terraced properties sold for an average of £153,057, while detached homes were priced at around £349,127.

The region’s average house price stands at £210,070, making it more expensive than nearby Lancashire, which has an average price of £175,426 and Merseyside, which stands at £181,072. 

The most expensive area within Greater Manchester is Bowdon (£700,677), while the cheapest was Hindley (£119,715). 

House prices in Greater Manchester have increased by 3% since 2019, and are 6% higher than in 2018.

The Impact of the Pandemic on Greater Manchester’s Property Market 

As with the rest of the country, Greater Manchester saw a marked increase in the number of property transactions in 2020. JMW Solicitors used Google Trends data to establish the areas that had emerged as the most popular places to live in as the property market began to improve after the first lockdown. 

Comparing searches from July 2019 to July 2020, we found that the following places across the borough experienced the biggest increase in searches: 

AreaJuly 2019July 2020% increase
Bryn140390179%
Radcliffe1,9004,400132%
Cadishead320720125%
Hulme70140100%
Moss Side70140100%

While the vast majority of areas across the region have seen an increase in demand amid the national property market boom, others have seen their popularity dwindle, with Google searches for properties in the following areas remaining stagnant despite the lift:

AreaJuly 2019July 2020% increase
Aspull7207200%
Rusholme170170`0%
Northenden5905900%
Kearsley8808800%

Buying or Selling a Property? JMW is Here for You

Our solicitors are renowned for our fast and effective conveyancing services. If you are currently buying a property, we can help you to ensure the process runs as smoothly as possible. Get in touch with us today by calling 0345 872 6666, or by filling in our online enquiry form to request a call back. 

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