House prices in Bolton are continuing their steady climb, offering a reassuring sign for both buyers and sellers in the area. April saw a 0.7% increase in prices, meaning the average house price in Bolton now sits at £190,276. This follows a pattern of growth, with prices rising by a healthy 2.8% over the past year.

Bolton Outperforming Neighbours and National Average

The good news doesn’t stop there! Bolton’s property market is performing better than many of its North West neighbours and is even exceeding the UK average. While the North West saw a 0.7% increase in house prices, and the UK as a whole saw a 0.3% rise, Bolton is firmly holding its own.

Over the past year, the average price tag on a Bolton property has increased by a substantial £5,200. This impressive growth places Bolton 15th out of 35 local authorities in the North West for annual price growth.

First-Time Buyers Still in the Game

For those taking their first step onto the property ladder, the average price paid in April was £159,400. That’s a jump of £4,500 compared to the previous year, and a notable £47,300 higher than in April 2019.

Don’t despair if you’re a first-time buyer! The figures show that while prices are increasing, Bolton remains a more affordable option compared to other areas in the North West.

Expert Predicts Continued Growth in Bolton

Andrew Cardwell, managing director at Cardwells Estate Agents, believes the Bolton property market is in a strong position. He highlights the steady increase in property prices, exceeding both local and national averages, as a strong indicator of market confidence.

Cardwell points to the healthy supply of properties available in Bolton, meeting the demands of active buyers. He predicts that if interest rates were to decrease, as many anticipate, we could see even greater growth in the Bolton property market.

Optimism for the Future

With a recent study showing 85% of active buyers in the UK feeling confident about purchasing within the next three months, the future looks bright for the Bolton property market.

If you’re considering buying or selling in Bolton, now could be a great time to explore the possibilities. With affordable housing stock and positive market conditions, Bolton offers a fantastic opportunity for both seasoned homeowners and those looking to get their foot on the property ladder.