Manchester Property Market on the Up

June 30, 2010 11:14 am
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Manchester Property Market on the Up

Those familiar with the city of Manchester and its surrounding suburbs will know that the area has done much to achieve its growing status as the “Capital of the North” in recent years. Thornley Groves – Manchester’s leading Estate Agents – are well aware of the city’s increasing popularity and recently opened up a brand new state of the art office in the heart of the city centre to cope with this growing demand.Beetham Tower, City Centre

Across the board we are seeing increased activity in the Manchester property market, which is showing signs of a return to liquidity after a difficult period experienced by the entire U.K. property market following the onset of the world recession in late 2007.

Thornley Groves maintains a large database of registered purchasers and this pool of applicants has increased by 13 percent during the past year alone. The number of sales stock available is also up 25 percent on this time last year, while perhaps most significantly of all, the number of sales stock under offer with Thornley Groves has increased 33 percent during the same period. In short, we are seeing huge increases in Manchester property market activity across the board – and this is of course fantastic news for home-sellers and purchasers alike!

Michael Groves, Managing Director of Thornley Groves Estate Agents in Manchester, said “All the evidence we are seeing points to a strong return to activity in the Manchester property market. While it is fair to say that one swallow does not a summer make, the combination of quantitative growth and qualitative performance indicators that we are seeing such as swift sales, seller-confidence, and increased property search activity, are positive signs. Home-sellers should certainly be more confident now of achieving sales in what is looking to be an increasingly buoyant market once again.”

The South Manchester Suburb of HaleIn addition to growth in registered purchasers, sales stock available and stock under offer over the previous year, we have also seen a sharp increase in market interest in recent months, and our Open House events are attracting not only high attendance levels but also numerous offers being made for showcased properties on the day of these events.

All of this makes for an extremely positive and pro-active property market here in Manchester and the surrounding suburbs of Sale, Hale and Altrincham, and Thornley Groves is proud to be playing our part in helping find the right homes for you!

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