North West housing market forecast: Prices, demand & trends for the rest of 2025

After a period of steady growth, the North West property market is heading into the latter half of 2025 with a more measured but still positive outlook. While national trends show a slowdown in price growth, the North West continues to outperform many other regions, driven by strong demand for family homes, ongoing inward investment, and a shortage of quality stock. Mortgage rule changes, regional regeneration projects, and relatively competitive prices compared to the South are all playing in the region’s favour.

Here’s how the market is shaping up for the rest of the year and what it could mean for both buyers and sellers.

1. Prices holding firm in the North West

While the UK’s annual house price growth has eased to around 3.9%, the North West has fared slightly better, with growth closer to 5% year-on-year in some key areas. Towns and cities such as Altrincham, Hale, Wilmslow, and Knutsford remain resilient thanks to strong commuter links, excellent schools, and lifestyle appeal. Unlike London, where growth has stalled at +2.2%, North West values have held firm, particularly for premium homes and those in sought-after catchment areas.

2. Demand outpacing supply

Buyer demand in the region remains robust boosted by mortgage affordability changes that have increased borrowing capacity by up to 20%. This has fuelled healthy competition for well-presented homes, with multiple offers still common for properties in prime locations. However, the number of available properties remains below pre-pandemic levels, meaning quality listings are attracting strong interest even in a cooling national market.

3. New homes and regional development

While UK-wide construction is slowing, the North West continues to see investment in new housing and infrastructure. From Greater Manchester’s regeneration projects to new housing developments across Cheshire, demand for modern, energy-efficient homes remains high. That said, planning and construction delays are limiting the speed at which new stock is coming to market, supporting the value of existing homes.

4. Outlook for the Rest of 2025

Industry forecasts suggest UK-wide growth of 1–3% for the rest of the year, but the North West is expected to slightly outperform, particularly in affluent pockets where demand continues to outstrip supply.

For sellers, the next few months could present a strong opportunity to market homes while demand is still high and stock remains limited. 

For buyers, while competition remains, the slower pace of growth may allow more time to find the right property without the intense bidding wars of recent years.