Bolton: Cardwells Estate Agents explains house price rise in borough

Bolton’s property market has proven to be a standout anomaly, defying prevailing regional and national trends. Recent data from the Land Registry reveals a significant 1.2% surge in house prices in Bolton during December 2022, with the average price reaching £195,267. This stands in stark contrast to neighboring Salford and Bury, experiencing declines of 1.2% and 0.4%, respectively. Bolton’s exceptional performance is further underscored by a substantial 16.6% year-over-year increase in property prices, securing its seventh position in the North West for annual growth.

Andrew Cardwell, the Managing Director of Cardwells Independent Estate Agents, attributes Bolton’s housing market success to its robust fundamentals. The town boasts excellent amenities, schools, employment opportunities, and picturesque landscapes, creating a compelling and attractive environment for potential homebuyers. Bolton’s strong travel links, prospective Metrolink extensions, and top-notch leisure facilities further enhance its appeal.

A key factor contributing to Bolton’s resilience and growth is its diverse range of amenities and attractions. The town is equipped with excellent schools at both primary and secondary levels, providing families with quality education options. Superb employment opportunities, particularly with additional openings at the ‘Logistics North’ development, further add to the town’s appeal.

Bolton’s scenic beauty has an effect on local house prices

Bolton’s scenic beauty also plays a pivotal role, with stunning countryside areas like the West Pennine Moors, Rivington Pike, and picturesque reservoirs contributing to the overall charm of the region. The town’s strong travel links through road, motorway, and railway networks, coupled with hopes for the Metrolink extension program, make it a well-connected and accessible location.

Despite potential market impacts from changing interest rates, Cardwells remains optimistic about Bolton’s property market trajectory throughout the year. This positive outlook is reinforced by Prime Minister assurances of a targeted inflation cut, providing stability and confidence in the housing sector.

This comprehensive article not only highlights the statistical data indicating the rise in house prices but also delves into the nuanced factors contributing to Bolton’s housing market success. By providing insights into the local housing market dynamics, it offers a thorough understanding of the unique elements that set Bolton apart and contribute to its impressive growth. For a detailed exploration of the reasons behind Bolton’s rising house prices, as explained by Cardwells Estate Agents.