Manchester has beaten London to be named the UK city with the strongest house price growth in 2013, with property values up 21% over the year, according to Nationwide building society.

Manchester leads the UK house prices charge!

Manchester has beaten London to be named the UK city with the strongest house price growth in 2013, with property values up 21% over the year, according to Nationwide building society.


While much of the coverage of the housing market in 2013 focused on London’s turbo-charged housing market, Nationwide says Manchester – and, specifically, the area covered by the city council – as the star performer last year, with London in second place and Brighton in third. According to the society, prices in the capital ended the year up by either 14.9% or 13%, depending on which measure is used, while Brighton saw growth of 12%.

The price of an average UK home increased by 8.4% over the year, and ended 2013 at £175,826, though there were wide variations by region, with the north of England and Scotland only managing a 1.9% and 3.7% annual increase respectively, Nationwide said. Edinburgh and Glasgow were named two of the “worst-performing” cities in 2013, with annual increases of just 1% and 2% respectively. In the last three months of 2013 house prices rose by an annual 7.1% compared to the same period in the previous year.

However, it was Nationwide’s claim that Manchester was the best-performing major town or city that proved the most eye-catching. It says average prices in the “city of Manchester” jumped 21% in 2013 to an average of £209,627. That rate of increase far exceeded the annual rise experienced by the wider Greater Manchester area, which was put at 5%, lifting the average price-tag there to £165,897.

Other cities that saw strong price growth last year, according to Nationwide, were Leicester (up 11%) and Birmingham (up 10%).