The latest Manchester house price data shows the average house price is £257,000, up 3.2% from May 2024, with a simar rise seen in the North West over the same period. Private rents in Manchester also rose to an average of £1,312 per month in June 2025, an annual increase of 6.7%.

Peter Graham, head of real estate and construction for the North at leading audit, tax and consulting firm RSM UK, comments:

“While house price growth in Manchester has seen a slowdown, private rents continue to increase. With mortgage rates not falling as quickly as consumers would like, first time buyers remain in a difficult position between continuing to rent or entering the housing market, even with the latest Mansion House reforms aiming to improve access to high loan-to-value mortgages.

“Manchester’s economy continues to boom, underpinned by significant investment in infrastructure, plans for new commercial and residential developments, and a growing population of students and young professionals. As a result, the housing market remains buoyant and the surge in demand is driving up rental prices. There is significant supply of new rental properties in the pipeline which should slow rental growth, with developers focusing on locations with close proximity to employment hubs, leisure and amenities. Whether you decide buy or rent, Manchester is a vibrant place to live and work, and is perceived as a sought-after location by global and domestic investors.”