Manchester property accountants can help north-west residents – or those moving into the area – to make the most of the region’s low-growth house prices, which are making it an ideal buyer’s market at present.
The latest regional house price statistics show the north-west now has England’s lowest year-on-year growth in property prices, at just 0.6% – only Wales, at -1.7%, has lower annual growth.
However, the short-term trend is for slightly higher increases in property prices of 0.7% over the month in September, outpacing the south-west, West Midlands, East Midlands and Wales.
At just a pound over £110,000, the average north-west property is now the second-cheapest in England and Wales, ranking behind only the north-east at £101,262 in September.
These figures taken together suggest that homes in the north-west are undervalued and have been so for some time, but in the short term growth is picking up.
If that sounds like the perfect situation in which to buy a property in one of the region’s major cities, Manchester property accountants can help you to ensure you have your finances in order – and can advise on issues like property tax and how to go about buying a house in order to rent it out to tenants.