Credit: The Bolton News
Bolton Bucks Regional Trends with Rising House Prices
Cardwells Estate Agents observes a remarkable trend in Bolton’s housing market, defying both regional and national patterns by witnessing a steady rise in house prices. According to the latest data from the Land Registry, house prices in Bolton surged by 1.2 per cent in December 2022, reaching an average of £195,267. This stands in stark contrast to neighbouring areas like Salford and Bury, where average prices experienced declines of 1.2 per cent and 0.4 per cent, respectively, during the same period. Notably, while the North West saw an average decrease of 0.1 per cent and the national market declined by 0.4 per cent, Bolton stands out as an outlier, demonstrating resilience and growth amidst broader economic shifts.
Local Property Market Defies Odds, Sees Steady Growth
Andrew Cardwell, Managing Director at Cardwells Independent Estate Agents, attributes Bolton’s housing market success to its diverse range of amenities and attractions, which appeal to prospective homebuyers. Emphasising the town’s strong fundamentals, Cardwell highlights the allure of top-tier educational institutions, including primary and secondary schools, coupled with burgeoning employment opportunities, notably at the ‘Logistics North’ development. Additionally, Bolton’s natural beauty, characterised by scenic landscapes like the West Pennine Moors and Rivington Pike, alongside its robust transportation infrastructure, further elevate its desirability. Cardwell also underscores the town’s rich array of sporting, leisure, and culinary offerings, along with the esteemed Bolton University, which continues to draw individuals seeking educational advancement. Amidst these favourable conditions, Cardwells anticipates continued market activity, buoyed by an optimistic outlook for the spring and summer months. While acknowledging potential impacts from fluctuating interest rates, Cardwell remains hopeful, citing government initiatives aimed at stabilising inflation levels, thereby aligning interest rates with evolving economic conditions.
