Northern England is experiencing a significant surge in its property market, driven by a combination of robust economic growth in cities like Manchester and a government initiative to decentralize power away from London. This shift is making areas once considered merely affordable alternatives to the South now desirable locations in their own right.
Mancunian economic expansion is currently one of the UK's fastest, boasting an annual growth rate of 3.1 percent, more than double the national average. This economic success, coupled with Prime Minister Andy Burnham's efforts to decentralize government through the establishment of 'No10 North,' is drawing increased attention to the region's property market. Buyer demand has reportedly risen across northern England, with asking prices increasing by 1.5 percent year-on-year in August, contrasting with a 1.8 percent fall in the South.
"Manchester’s continued economic expansion and the Government’s 'No10 up north' agenda are accelerating demand across the wider region, and we’re seeing buyers look beyond the city for better value and long-term growth potential," stated Claire Jarvis, managing director at David Wilson Homes North West.
Property Hotspots in the North
Several towns and suburbs are highlighted as prime investment areas:
Wigan, Greater Manchester: Topped a study for best place to live based on cost of living, crime rates, healthcare, and air quality. House prices increased by 10.5 percent in 2025 and it was named a property hotspot for 2026. The average home cost £196,000 in June.
Chorley, Lancashire: This market town, situated between Manchester and Preston, is a commuter hotspot undergoing a £44 million regeneration program. The average house price was £213,000 in June, a 3.7 percent increase from the previous year. 88 percent of homes increased in value last year.
Old Trafford, Greater Manchester: This suburb is seeing major regeneration, including plans for up to 15,000 new homes and significant job creation, which could further boost its property market. Terraced properties average around £292,458, with flats averaging £163,936.
Rochdale, Greater Manchester: Highly affordable with excellent transport links to Manchester. Significant investment, including a £400 million town center regeneration, has enhanced its appeal. It was recognized in a list of England's best towns for its architecture, attractions, and culture.
Preston, Lancashire: Benefiting from substantial investment and regeneration, Preston is strengthening its position as a key economic and residential center in the North West. Average property prices range from £195,000 to £236,000.
New Brighton, Merseyside: Voted one of Britain's best coastal towns, it offers vintage shops, a vibrant restaurant scene, and a long sandy beach with views of Liverpool. House prices have averaged £248,959 over the last year.
Stockport, Greater Manchester: Undergoing a £1 billion regeneration scheme, this town has developed a thriving arts, culture, and food scene. The average house price was £314,000 in June, a 3.5 percent increase from the previous year.
Warrington, Cheshire: Ranked as one of the best places to raise a family, it offers good transport links and has seen economic growth 2.2 times faster than the national average since 2013. Average prices are around £292,294.
The push for decentralization, intended to transfer power from central government in Whitehall, is creating a palpable buzz in the property market. While the long-term impact of these political moves remains to be seen, the immediate effect is a growing perception of northern England as a desirable and viable region for both living and investment.