The property market in Bury continues to shine as one of Greater Manchester’s most promising areas for homeowners and investors. With its rich heritage, strong community feel, excellent transport links, beautiful countryside and superb employment opportunities, Bury is increasingly on the radar for those looking to put down roots or expand their property portfolios.
As of December 2024, average house prices in Bury climbed to £233,000, a circa 4.7% (Office For National Statistics) increase year-on-year. First-time buyers are still able to find great value, with average purchase prices around £206,000, offering a more accessible step onto the property ladder compared to the city centre other Manchester suburbs.
We have seen a steady decrease in the interest rates since August 2024 when the rate was 5.25% while now it is at 4.5%. This makes the cost of borrowing for buyers and those looking remortgage cheaper than it was last year.
The rental market has also seen notable growth. Monthly rents averaged £903 in early 2025, up significantly from the previous year, reflecting a buoyant demand from young professionals and families attracted by the area’s schools, green spaces, and lifestyle offerings. This rise in prices is also influenced by a decreasing supply of rental property to the market, as some landlords are choosing to step away from the business model, due to changing tax rules and increasing legislation.
The outlook for Bury’s property market in 2025 remains highly positive with sustained demand at the foundation, Bury is well-placed for continued growth. Developments in infrastructure, such as improvements to Metrolink services and local amenities, are set to further enhance the area’s appeal.
For those considering a move, investment, or sale in Bury, now is an excellent time. If you are thinking of selling or letting a home or commercial property, give Cardwells Estate Agents Bury a call on 01617611215 or perhaps pop in and see us in our Bury town centre office on Market Street opposite The Met and next door to Wax and Beans.
