News from the Residential Property Investor, the bi-monthly magazine for RLA members other artilces from the December 1999 / January 2000 issue RPI news archive

Manchester bucks house sale trends - December 1999 / January 2000

Greater Manchester average house prices were 7.8 higher in the quarter ended September than in the same period last year, according to the Land Registry. This compared with a national average increase of 12.3 per cent.

The average price of a detached house in Greater Manchester was £117,700 ­ up from £109,300 ­ and of a semi-detached house £62,000 ­ up from £59,800. Terraced house prices averaged £40,400 ­ up from £38,100 ­ and maisonettes £63,700 ­ a rise of £6,400.

The higher prices were achieved on lower volumes of sales ­ down from 9,600 transactions to 8,800. This bucked the national trend which was towards increased volume with the total number of transactions put at 256,800 in the three month period, up from 229,700 in the same three months last year.

other artilces from the December 1999 / January 2000 issue

• Stamping on landlords
• Councils chided on fraud response
• Manchester bucks house sale trends
• New house VAT charge proposed
• Radioactive warning
• Hi tech future on one level
• Spring start to builders' quality mark scheme
• LPG mobile heater warning
• Squatters profit from Lambeth losses
• In brief
• An alternative to custodial penalties