Northern hotspot for first time buyers

09-Nov-2005

Aspiring homeowners are heading up north, according to a new survey, as the number of new homes in the region increases.

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The construction of new homes and housing development sites has encouraged more first time buyers to consider living in Manchester, boosting the property market in the area.

Figures show that the number of new properties in Manchester has grown by 13.6 per cent since 2003, with a significant amount of apartment building schemes helping to attract buyers.

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Areas such as Openshaw were found to have some of the lowest property prices in the UK, with average house prices around £52,690, leading to more first time buyer activity in the area.

Industry experts have confirmed the interest in Manchester and attribute the rise in popularity to the "successful regeneration" of housing and business in the city.

Further plans to improve the availability of new homes are planned and are hoped to "open up new areas to developers and homeowners", as well as improvements to local transport links and facilities.

Click here to see what properties are on the market in your area – whether you buy alone or with others

If you are interested in buying a new house within a 'gifted deposit' scheme whereby you don't need to come up with a deposit but just pay a nominal fee of £5000 click here

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