Credit: The Bolton News
Bolton House Prices: September Analysis
Cardwells Estate Agents provides insights into the recent fluctuations in Bolton’s housing market, revealing a slight decline of 0.2 per cent in house prices in September. However, this marginal decrease does not overshadow the area’s overall growth trend, with property prices recording a modest 0.2 per cent increase over the past year. Despite the dip, the average house price in Bolton stood at £188,201 in September, according to Land Registry figures, showcasing resilience amidst regional and national trends. While Bolton experienced a minor downturn, the broader North West region witnessed a 0.5 per cent increase in property prices, contrasting with a 0.5 per cent decline observed across the UK. Andrew Cardwell, Managing Director of Cardwells Estate Agents, reassures stakeholders, stating, “This small dip in house prices is no cause for concern, as this is just a snapshot of the transactions that completed during this period.” He emphasises that Bolton’s property market has outperformed the national average, where prices experienced a more significant decline.
Unveiling the Dynamics of Bolton’s Property Market: Insights from Cardwells Estate Agents
Looking beyond short-term fluctuations, Cardwell highlights the positive trajectory of Bolton’s property market over the past year. Against the backdrop of economic challenges such as the cost-of-living crisis and fluctuating interest rates, Bolton has maintained stability, with prices registering a commendable 0.2 per cent increase. Cardwell anticipates further positive developments, citing stable interest rates and potential reductions in the near future. He notes, “The consensus within the industry is that interest rates will likely fall in the coming months,” citing encouraging signs such as reductions in lending rates by financial institutions. Moreover, Cardwell underscores the enduring appeal of Bolton as a residential destination, attributing its attractiveness to various factors including welcoming communities, quality schools, picturesque countryside, recreational amenities, and robust employment opportunities. These factors, coupled with convenient transport links and thriving local economies, contribute to sustained demand for property in Bolton. In conclusion, while short-term fluctuations may occur, Bolton’s property market demonstrates resilience and potential for long-term growth. With favourable economic indicators and a strong foundation of amenities and community resources, Bolton remains poised for continued prosperity in 2024 and beyond.
