House prices in parts of northern England could increase by up to 2% this spring, according to Mish Liyanage, CEO of the Mistoria Group.
While the market is expected to navigate a “complex few months,” Liyanage believes the North stands to gain the most. In contrast, some areas in the South and South East may experience slight price declines of around 1-2% in the coming months.
Key northern locations—such as Manchester, Liverpool, Bolton, Cheshire, and parts of North Wales—are projected to see steady price growth.
“The market will remain dynamic over the next few months, with regional variations playing a crucial role. However, I expect house prices to stay relatively stable through April and May,” Liyanage said.
“We’re already noticing early signs of downward pressure in higher-value southern markets, whereas the North West continues to show resilience. Demand for quality properties in cities like Manchester, Salford, Bolton, and Liverpool remains strong, supported by attractive rental yields. Rather than a major downturn, I foresee a modest market adjustment influenced by affordability constraints and tighter lending conditions.”
Liyanage attributes the North’s property market strength to high rental demand, ongoing infrastructure investments, and comparatively lower price points.
Despite inflation being expected to fall below 3% by May, the Bank of England’s decision to hold its base interest rate at 4.75% is discouraging some buyers, leading many first-time purchasers to turn to the rental market instead.
“Landlords and investors who embrace regulatory changes, leverage local market knowledge, and modernise their properties will continue to see strong and sustainable returns,” Liyanage added.
“The months ahead will present both challenges and opportunities for landlords, investors, and letting agents.”
Reflecting on the impact of the stamp duty concession deadline, Liyanage noted that it has driven a surge in transactions.
“This has encouraged many buyers to move quickly, though affordability concerns remain a significant issue. The real test will be how the market adjusts once the concession ends. While some buyers may hesitate, demand for well-priced, well-presented homes—particularly those suited for remote work—remains steady. In high-demand areas, interest is likely to remain strong.”
