Salford has recorded the joint fifth-highest increase in average home asking prices among UK cities over the past decade.
The city has emerged as one of the country’s top hotspots for growth in average asking prices, with homes now being listed for 50% more than they were 10 years ago.
The average price tag on a home jumped highest in neighbouring Manchester, while London languishes at the bottom of the list of percentage increases, compiled by property website Rightmove.
They found that the average asking price for a home in Salford had risen by 52% over the past decade, compared with a 63% increase in Manchester and a 7% rise in London.
It now stands at £226,559, around £77,559 higher than the estimated £149,000 average asking price a decade ago.
Rightmove said the analysis also reveals a longer-term “north versus south” divide, with no cities in southern England appearing in its top 10 locations for the fastest growth in asking prices over the past 10 years, while the south dominates its list for the slowest growth.
The steep increase in Salford asking prices is comparable to that of Nottingham, Wakefield and Bradford.
Colleen Babcock, a property expert at Rightmove, said that the strong price growth in Greater Manchester underlines the region’s “growing popularity among buyers.”
She added: “Looking at the bigger picture, affordability has been a central theme shaping these trends.
“Areas with lower starting price points have had more room for growth, which has contributed to a widening north-south divide in price growth trends over the last 10 years.
“Some of the shifts behind this are continuing to play out, particularly changes in working patterns.
“Greater flexibility through hybrid and remote working is still influencing where people choose to live, supporting demand in cities that offer better value and a different lifestyle balance.”
Maurice Kilbride, managing director at Maurice Kilbride Residential Sales in Cheadle, credited the region’s “extrodinary” growth to savvy investment in transport links and desirable job prospects.
He said: “Strong employment opportunities, significant inward investment, excellent transport links and a vibrant lifestyle offering have helped attract people from across the UK and beyond.
“What’s particularly noticeable is that the city’s success has extended well beyond the centre, with surrounding suburbs also benefiting from increased demand as buyers look for a balance of space, connectivity and quality of life.
“Having worked in the Greater Manchester property market for over 25 years, we’ve seen the area’s appeal broaden considerably, helping to support sustained price growth and making Manchester one of the UK’s standout property success stories of the last decade.”
