Asking prices across the country are hitting record highs as the UK property boom continues. The UK’s largest property website, Rightmove, said there are more people looking to move now than ever before. This dramatic increase in demand is sending asking prices rocketing as demand outstrips supply.
A three or four-bed property can be bought for around £300,000, making the town a great option for those looking to save money on the current stamp duty holiday.
Coming in second place on Rightmove’s property hotspot list is Leigh in Greater Manchester.
The area has seen asking prices increase by 12.8 percent in the last year to £160,345.
Located in the borough of Wigan, the town is just under 10 miles from Salford.
Leigh has plenty of surrounding woodland and is home to plenty of Edwardian and Victorian terraced housing.
The stunning town of Penzance in Cornwall came in third place on Rightmove’s list with asking prices having increased by 12.5 percent to over £280,000 in the last year.
Cornwall was also named by Rightmove as one of the most searched for locations on the site.
Birkenhead, located close to Wallasey and Liverpool, came in fourth place on the list with a 12.4 percent jump in asking prices.
Wednesbury in the West Midlands came in fifth place with 12.2 percent growth, Lancaster came in sixth place with an 11.8 percent annual change and Sandbach in Cheshire came in seventh place with 11.6 percent growth.
Rossendale, Lancashire, Oldham, Greater Manchester and Burntwood in Staffordshire concluded the list with asking prices having increased by 11.4 percent, 11.3 percent and 11.2 percent respectively.
Rightmove’s property expert Tim Bannister said the average asking prices of the locations on property price hotspots list are below the national average.
He added: “I’d expect them to see strong price growth continue for the rest of the year, especially as many buyers will be exempt from stamp duty in these areas right up until the end of September.”