Authored by the expert who managed and guided the team behind the United Kingdom Property Pack
Yes, the analysis of Manchester's property market is included in our pack
What do the latest numbers reveal about Manchester’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Manchester, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
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1) A terraced house in Manchester averages £280,000 in 2025
In 2023, the average house price in Manchester was £267,078.
By November 2024, this figure had climbed to £272,000, showing a steady increase in the market. Terraced houses, a popular choice for many, were priced at an average of £246,878 in 2023, slightly below the overall average but still noteworthy.
Experts are optimistic about Manchester's property market, predicting a 4% annual growth rate until 2028. This growth is driven by the city's ongoing development and increasing demand for housing.
With these trends, it's not surprising to anticipate that the average price of a terraced house could hit £280,000 by 2025. The city's vibrant economy and cultural appeal continue to attract buyers, pushing prices upward.
Manchester's housing market is a dynamic landscape, with prices reflecting the city's growth and popularity. For potential buyers, understanding these trends is crucial in making informed decisions.
Sources: Joseph Mews, The Luxury Playbook, Rightmove
2) In 2025, the average price of a detached house in Manchester is £450,000
The average price of a detached house in Manchester is expected to hit £450,000 in 2025.
Back in October 2024, the price was already £446,000, according to the Office for National Statistics. This indicates a steady upward trend in the housing market.
Manchester's housing market is on the rise, with forecasts predicting a 4% annual increase in house prices over the next two years. This growth is fueled by major projects like the £1.5 billion Northern Gateway, which aims to enhance property values by introducing new homes and facilities.
The rental market in Manchester is also thriving, with private rents climbing significantly. This strong demand suggests that property prices could continue to rise. The Build-to-Rent sector is particularly influential, catering to high-end professionals and contributing to the overall increase in property values.
These factors combined paint a picture of a dynamic and evolving market, where the demand for housing continues to push prices upward. The regeneration projects and robust rental market are key drivers in this trend.
Sources: The Luxury Playbook, Office for National Statistics, GIS User
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of the UK. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
3) In 2024, half of Manchester property buyers used a mortgage broker
In 2024, 50% of property buyers in Manchester used a mortgage broker.
Buying a home can be a maze, and in Manchester, many found that mortgage brokers were the key to unlocking the best deals. These experts simplify the complex mortgage process, offering guidance that can make all the difference in securing a dream home.
The Manchester housing market was booming, thanks to population growth and new infrastructure investments. This vibrant economy drew in more buyers, many of whom turned to mortgage brokers to help navigate their purchases.
In March 2024 alone, over 61,000 mortgage approvals were recorded in the UK, highlighting the bustling activity in the housing market. This surge in transactions underscored the need for professional advice, making mortgage brokers indispensable.
With so many options and financial products available, buyers often felt overwhelmed. Mortgage brokers stepped in to clarify choices, ensuring buyers understood their options and secured the best possible terms.
As the market continued to thrive, the role of mortgage brokers became even more crucial, providing the expertise needed to navigate a competitive landscape.
Sources: USwitch, The Luxury Playbook
4) A four-bedroom house in Manchester averages £400,000 in 2025
The average price of a four-bedroom house in Manchester is expected to reach £400,000 in 2025.
Over the past two years, house prices in Manchester have been steadily climbing, with an average annual increase of 4%. This consistent rise in property values is a key factor in the projected prices for 2025.
In popular suburban areas like Didsbury, Chorlton, and Sale, the demand for family homes has pushed prices even higher. Here, homes are priced between £350,000 and £500,000, reflecting a strong market for larger properties.
Manchester's economic landscape is also a major player in this trend. The city has seen significant growth due to regeneration projects and a thriving local economy, attracting both investors and new residents.
These economic activities have bolstered the property market, making it more competitive and driving up prices. The influx of investment and development in the area is a testament to Manchester's growing appeal as a place to live and work.
With these factors in play, it's no surprise that the average price of a four-bedroom house is set to rise. The combination of steady demand and economic vitality continues to shape Manchester's housing market.
Sources: The Luxury Playbook, Joseph Mews
5) A penthouse in Manchester averages £600,000 in 2025
In 2025, the average price of a penthouse in Manchester is £600,000.
Manchester's housing market has been on the rise, with prices increasing by about 4% annually in 2023 and 2024. This trend indicates a growing demand for housing, especially for luxury properties like penthouses. The city's appeal is drawing more buyers, pushing prices upward.
The luxury market in Manchester is expanding, with developments such as Cortland at Colliers Yard offering high-end amenities. These features attract buyers ready to pay a premium, enhancing the market's overall value. While monthly rental prices for penthouses here range from £5,765 to £9,045, these figures highlight the premium nature of such properties.
By the end of 2025, the average house price in Manchester is expected to be around £294,000. Penthouses, being more luxurious, naturally command higher prices, which explains why they might reach the £600,000 mark. This price point reflects their exclusivity and the demand for upscale living spaces.
Manchester's growth as a vibrant city with cultural and economic opportunities is a key factor in the rising property prices. The city's development projects and infrastructure improvements are making it an attractive place to live, further driving up the demand for luxury homes.
As more people seek the lifestyle and amenities offered by Manchester, the competition for prime real estate, including penthouses, intensifies. This competition is a significant driver of the price increases observed in the market.
Sources: The Luxury Playbook, Cortland at Colliers Yard, Manchester Homebuyer Group
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6) A semi-detached house in Manchester costs an average of £320,000 in 2025
The average cost of a semi-detached house in Manchester is expected to reach £320,000 in 2025.
Manchester's housing market is on the rise, with property prices climbing steadily. In 2024, the average house price was £272,000, reflecting a 4.9% increase from the previous year. This upward trend is likely to persist, with forecasts suggesting an average annual increase of 4% over the next two years, potentially bringing the average house price to around £294,000 by the end of 2025.
Significant regeneration projects, like the £1.5 billion Northern Gateway, are transforming Manchester. These developments are expected to deliver thousands of new homes and facilities, likely boosting property values. The Build-to-Rent sector is also contributing, with numerous projects set to be completed by 2025, adding to the growing demand for housing.
JLL's projections highlight impressive sales price growth in Manchester, with an estimated increase of 19.3% until 2028. This growth, combined with the high demand for semi-detached houses, supports the idea of rising property prices.
Manchester's appeal is further enhanced by its vibrant cultural scene and strong job market, attracting more residents. This influx of people is driving demand for housing, particularly semi-detached homes, which are among the most sought-after property types.
With these factors in play, the Manchester housing market is poised for continued growth, making it an attractive option for potential buyers looking to invest in property.
Sources: The Luxury Playbook, Rothmore Property, GIS User, Joseph Mews
7) A three-bedroom house in Manchester averages £350,000 in 2025
In 2025, the average price of a three-bedroom house in Manchester is £350,000.
Over the past few years, Manchester's housing market has been on the rise. In 2023 and 2024, the city experienced a steady growth in property values, with average house prices increasing by 4.9% in 2024. This upward trend has been a key factor in shaping the current market landscape.
While the overall average house price in Manchester was projected to be around £294,000 by the end of 2025, certain suburban areas like Didsbury, Chorlton, and Sale have seen family homes priced between £350,000 and £500,000. This indicates a strong demand for larger homes in these desirable neighborhoods, pushing prices higher.
The rental market in Manchester has also been flourishing, with an 8% increase in average monthly rent. This surge in rental demand highlights the city's growing appeal and the need for more housing options to accommodate new residents.
Moreover, the popularity of mixed-use developments and the Build-to-Rent sector reflects changing preferences among buyers and renters. These trends have contributed to the overall increase in property values, as more people seek modern living spaces that offer convenience and community.
In summary, the combination of rising house prices, a booming rental market, and evolving housing preferences has made Manchester a dynamic and attractive place for property investment. The demand for homes in sought-after areas continues to drive up prices, making it a competitive market for potential buyers.
Sources: The Luxury Playbook, GIS User
8) By 2025, 45% of Manchester's homes will be in suburban areas
In 2025, 45% of Manchester's residential properties are located in suburban areas, driven by several key factors.
Manchester has been buzzing with significant regeneration projects over the past few years. These projects aim to create vibrant communities where people can live, work, and play, transforming the urban landscape. This shift has likely influenced the balance between urban and suburban residential properties.
Suburban areas like Salford and Oldham are experiencing strong growth, becoming increasingly attractive for new residents. This growth aligns with the city's broader development plans, highlighting the appeal of suburban living. While exact numbers aren't specified, the focus on these areas is evident.
The housing market in Manchester is thriving, with a spotlight on high-quality developments. Although the split between urban and suburban areas isn't detailed, the overall market growth suggests a rise in suburban properties. City Council initiatives, such as building new homes on brownfield sites, further support this trend.
These initiatives are part of a larger effort to revitalize underused areas, making them more appealing for residential development. The emphasis on suburban expansion is clear, even if specific urban versus suburban distribution details are missing.
As Manchester continues to evolve, the suburban areas are becoming key players in the housing market. This transformation is part of a strategic push to accommodate the city's growing population and changing lifestyle preferences.
Sources: GIS User, The Luxury Playbook, Housing Today
We did some research and made this infographic to help you quickly compare rental yields of the major cities in the UK versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
9) By 2025, half of Manchester's homes will have been built or renovated in the past decade
In 2025, 50% of Manchester's residential properties have been built or renovated in the last decade.
Manchester's ambitious goal to deliver 36,000 new homes by 2032 has sparked a surge in new housing developments. A significant portion of these homes are designed to be affordable, making the city more accessible to a diverse range of residents. This push for new housing is reshaping the city's skyline and neighborhoods.
There's a growing trend towards mixed-use developments in Manchester. By 2025, the city has been focusing on creating vibrant communities that seamlessly blend residential, commercial, and leisure spaces. This approach not only enhances the quality of life but also encourages the renovation of existing properties to align with modern living standards.
The demand for high-quality rental properties is another driving force behind Manchester's transformation. The rise of Build-to-Rent projects has led to a boom in property renovations and new constructions to cater to the increasing rental market. This trend is particularly appealing to young professionals and families looking for flexible living options.
Manchester's residential sector is buzzing with activity, thanks to these combined factors. The city's commitment to modernizing its housing stock is evident in the significant development activity taking place. This transformation is not just about numbers; it's about creating a city that meets the needs of its residents today and in the future.
As Manchester continues to evolve, the focus remains on delivering homes that are not only affordable but also sustainable and well-integrated into the community. This holistic approach ensures that the city remains a desirable place to live, work, and play, with new and renovated properties setting the standard for urban living.
Sources: Manchester Housing Strategy 2022-2032, The Future of Manchester Property: Key Trends to Watch in 2025
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.