Known as the property investment hotspot of the northwest, Stockport has been an area of exciting regeneration and unparalleled growth throughout the 2020s so far.
Surge in Stockport
During the first half of 2021, the number of prospective property buyers for the area of Stockport rose by more than 500%. The peak in interest in the Manchester commuter town was registered by the Royal Institute of Chartered Surveyors who noted a huge rise in the volume of instructions received to carry out property surveys in the area.
In the first half of 2021, 1,887 surveys were completed which was a huge increase on the 311 completed in the same area in 2020. This has been the biggest rise within the UK, with Stockport taking a major lead in the UK property market following the pandemic.
It is believed that high interest in the area of Stockport will continue to skyrocket in 2022. Though favourable market conditions like the stamp duty holiday have been closed off, properties are still high in demand across the area, pushing prices up. Although unclear how the market will develop over 2022, it is clear that interest in Stockport will continue to climb throughout the year.
Town of Regeneration
Stockport has been a town of major regeneration throughout the 2020s so far, which is a key reason why interest is at an all-time high for the borough.
Various work has been put into motion to make Stockport a more accessible area, including a revamped transport exchange to make connectivity improved with a huge bus terminal, covered passenger concourse and better interchange links. As well as this is the development of the Town centre West area – complete with 3,500 new homes.
Along with the redevelopment of Stockport’s college campus, the transformation of Weir Mill and a community on site of the old St Thomas Hospital, there is the new Stockport Exchange district – attracting new and exciting businesses within the borough as well as job prospects.
With Stockport sitting just 8 miles from Manchester’s bustling city centre district and regular trains every 10 minutes – home buyers recognise that Stockport is the area of huge potential. Combining comfortable greenery with easy access to the city lifestyle, Stockport is the borough highly attractive to people who have a change in lifestyle and priorities – giving even more ease in literally having the best of both worlds.
Contact the team at Joules Estate Agents Stockport if you are looking for a property investment hotspot or to buy property in Stockport or advice on how to sell a house in the area.