House prices are set to continue to rise across the north west by almost 25 per cent between 2016 and 2019, according to research published today by BNP Paribas Real Estate.
The global real estate adviser has forecast that prices will increase by 23.7 per cent in the north west to £181,301 because of the Northern Powerhouse and the arrival of HS2.
They are also predicted to rise by 13.2 per cent in the north east to £140,813 and by 25.1 per cent in London.
Across the UK, house prices will increase on average by almost 27 per cent to over £250,000 by the end of the decade as economic growth continues nationally.
David Couch, director of BNP Paribas Real Estate, said: “HS2 and the Northern Powerhouse is fuelling investment interest in regional cities and we are seeing house price growth continue to underpin developer confidence in good sites near major conurbations.”
According to Zoopla, the average house price sale in Stockport is £211,000 while the average house price is just under £234,000.
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