Since January 1, 2024, the residential property markets in Bolton and Bury have seen noteworthy activity. In Bolton, over 1,500 residential properties have been sold this year, with the majority being established properties. Meanwhile, Bury has experienced approximately 1,200 property sales, reflecting a steady demand in the region. Both areas have observed stable rental markets, with letting demand driven by affordability compared to nearby urban centers like Manchester.
Key Trends
1. Price Stability and Volume: Property prices in Bolton average around £211,000, a slight increase compared to 2023, while Bury’s average sale price has risen by 4% to £229,000. Detached and semi-detached homes remain the most sought-after in both locations.
2. Demand for Rentals: Both towns have seen sustained interest in rental properties, particularly among young professionals and families. This demand aligns with the trend of individuals seeking more affordable housing options outside larger cities.
3. Affordability and Investment: The affordability of homes in Bolton and Bury continues to attract first-time buyers and investors, with rental yields remaining competitive due to consistent tenant demand.
For those seeking to buy, sell, or rent properties in Bolton or Bury, Cardwell’s Estate Agents offers comprehensive support. Their local expertise ensures a smooth property transaction experience. You can explore more on www.cardwells.co.uk or via:
Cardwells Estate Agents Bolton:
01204381381
[email protected]
Cardwells Estate Agents Bury
01617611215
[email protected]
