How much house prices have soared in every Greater Manchester borough over the last 20 years
manchestereveningnews.co.ukIt's no secret that house prices have skyrocketed across the UK over the last two decades, especially in the last five years.
Rising demand and low supply has pushed property costs further and further up, with the average house price having increased dramatically since the start of the coronavirus pandemic.
Despite the impacts that Covid-19 had on the economy, UK house prices bucked the trend and have been soaring ever since. Data from the Manchester Evening News has now revealed that Manchester has seen the biggest boom in house prices of anywhere in England and Wales since 2000.
Homes in Manchester are now priced almost six times higher than what they were at the turn of the millennium. 20 years ago, the average house in the borough cost £41,625, but this has since shot up to £241,956 according to the latest data - that’s a rise of 481 percent. READ MORE: 'I was sick of paying rent on a disgusting 'shoebox' flat - now I live in my £800 Ford Fiesta' READ MORE: How much it rent costs in every Greater Manchester borough after 'record rise' But it's not only Manchester that has seen a house price surge, as each of the nine other Greater Manchester boroughs have also seen huge growths over the last 20 years.
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