Housing market resurgence in Wigan as lockdown eases

Wigan is one of three towns leading a bounce-back in buyer demand following the re-opening of the country’s housing market.
Watch more of our videos on Shots!
and live on Freeview channel 276
Visit Shots! now

Together with Hereford and Rochdale, the borough’s estate agents have reported a massive 70 per cent increase in business in the last couple of weeks.

The research by property website Rightmove based its findings on the volumes of house hunters phoning and emailing estate agents about properties for sale in the first two weeks of June, compared with before the lockdown in the first two weeks in March.

Hide Ad
Hide Ad

Across England generally, buyer demand was up by nearly a third (32 per cent).

Estate agents in Wigan have seen a big increase in businessEstate agents in Wigan have seen a big increase in business
Estate agents in Wigan have seen a big increase in business

The housing market in England started to re-open from May 13, with serious buyers now able to undertake physical viewings once more.

Nine out of the top 10 places with the strongest increases in demand have average asking prices lower than the current average for England of £337,884.

The only exception is Wilmslow, where the average home is priced at £461,535.

Hide Ad
Hide Ad

Situated on the River Wye, the cathedral city of Hereford topped the list, with demand surging by 77% when comparing the first two weeks of March with the same period this month.

It was followed by Wigan, with a 71 per cent uplift, and Rochdale, with a 66 per cent increase.

A separate study by Rightmove of the prices of more than 7,000 newly-agreed sales, provided to it by major property groups, found that homes with three or four bedrooms homes, excluding four-bedroom detached properties, are achieving closest to the last advertised asking price.

These properties are typically favoured by people who are trying to take their second step on the property ladder, having previously been first-time buyers, with 98 per cent of the asking price achieved typically.

Hide Ad
Hide Ad

Rightmove’s property expert Miles Shipside said: “Many of the towns in the list have cheaper prices so a buyer’s budget goes further, allowing extra space for possible home-working and gardens for private relaxation.

“Our new analysis of the prices that buyers are agreeing to pay shows that properties in the typical family home or second-stepper sector are achieving closest to their asking prices.

“If you exclude London and some more expensive areas in the south, then these types of home are typically in the £250,000 to £500,000 price band.

“These are currently appealing because they’re likely to benefit from more space and a private garden, attributes that home movers tell us are now even more important than before lockdown.”

Hide Ad
Hide Ad

Here are the towns and cities with the biggest percentage increases in buyer demand comparing the increase from March 1 to 14 to June 1 to 14, followed by the average asking price in June, according to Rightmove:

1. Hereford, 77%, £233,400

2. Wigan, 71%, £165,448

3. Rochdale, 66%, £179,329

4. Wilmslow, 63%, £461,535

5. Scarborough, 62%, £172,332

=6. Bolton, 59%, £183,062

=6. Bradford, 59%, £141,266

=8. Rotherham, 56%, £171,698

=8. Hastings, 56%, £257,596

=8. Accrington, 56%, £115,645

A message from the Editorial Director, Gillian Parkinson:

Thank you for reading this story on our website.

But I also have an urgent plea to make of you.

In order for us to continue to provide high quality local news on this free-to-read site and in print, please purchase a copy of our newspaper as well.

With the coronavirus lockdown having a major impact on our town centres and many of our valued advertisers - and consequently the advertising that we receive - we are more reliant than ever on you buying a copy when you pop out for your essential shop or subscribing for delivery.

Our journalists are highly trained by the National Council for the Training of Journalists (NCTJ) and our content is independently regulated by IPSO to some of the most rigorous standards anywhere in the world. Our content is universally trusted - as all independent research proves.

Hide Ad
Hide Ad

As Baroness Barran said in a House of Lords debate this week on the importance of journalists: "Not only are they a trusted source of facts, but they will have a role to play in rallying communities and getting the message across about how we can keep ourselves and our families safe, and protect our NHS. Undoubtedly, they have a critical role."

But being your eyes and ears comes at a price. So we need your support more than ever to buy our newspapers during this crisis. In return we will continue to forensically cover the local news - not only the impact of the virus but all the positive and uplifting news happening in these dark days.

We thank all our readers and advertisers for their understanding and support - and we wish YOU all the best in the coming weeks. Keep safe, and follow the Government advice. Thank you.


You can subscribe for delivery by contacting us at [email protected] or calling us on 0330 4033004 for details of a participating newsagent near you.