16 Oct

'Time might be right' to buy property in Manchester

'Time might be right' to buy property in Manchester

Now could be a good time for first time buyers to look for property for sale in Manchester, according to one organisation.

Abbey has called on people looking to get onto the property ladder to consider their first house purchase soon.

Research from the firm has revealed that a cumulative £1 billion could be saved if the 1.61 million Britons looking to buy outside London did so in the next 12 months.

It assessed the current house prices of typical accommodation selected by first-time buyers, included apartments and terraced houses.

The north-west emerged as one of the cheapest places to buy, with the average terrace value standing at £69,513, which could bode well for those looking for property for sale in Manchester.

Commenting on the results, Nici Audhlam-Gardiner, director of Abbey Mortgages, said: "There is hope for first-time buyers.

"It's now cheaper in all bar one of the regions to buy rather than rent and shows that saving for that all important deposit is so worthwhile too."

The Council of Mortgage Lenders recently said UK house purchasing levels are looking more and more positive. A study from the organisation revealed there were 53,000 sales in August.ADNFCR-1222-ID-19413895-ADNFCR

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