Manchester Property Market: House Prices, Sold Data & Development Finance, End of H1 2026

UK's fastest-growing city with major BTR pipeline, NOMA and Ancoats regeneration, and two university campuses

The Manchester property market recorded 4,386 residential sales over the past 12 months, with a median sale price of £244,500. This places Manchester £31k above the Greater Manchester county median of £213,675, and £41k below the UK national median of £285,000.

Prices in Manchester have shown modest growth, with a year-on-year change of +1.9%. Within Greater Manchester, Manchester ranks 3rd by price out of 10 principal towns, and 1st by transaction volume.

Manchester median prices have moved from £240,000 in Q1 2025 to £232,000 in Q2 2026, a change of -3.3% over 5 quarters. Manchester has now recorded 2 consecutive quarters of price falls.

Manchester City Council — the local planning authority covering Manchester — has 0 residential units in its current pipeline, an estimated gross development value of £0, across 0 applications (0 approved, 0 pending) at an approval rate of 0%.

Property prices in Manchester vary significantly by type. The table below compares Manchester prices with Greater Manchester county averages and UK national figures.

Detached homes in Manchester command £390,000, while flat properties are most accessible at £200,000. The £190k spread between the most and least expensive types indicates a relatively compressed market where margins between types are tighter.

Manchester recorded 76 new-build transactions in the past 12 months, representing 1.7% of total sales. This indicates meaningful developer activity and proven buyer demand for new homes in the area.

New-build properties in Manchester traded at a premium of 20.1% versus existing stock. This premium supports the viability of new development, as buyers are willing to pay more for new homes.

Across the wider Greater Manchester market, 207 new-build completions were recorded — see our Greater Manchester property market report for the full county picture.

The following table shows the most recent property transactions recorded in Manchester, providing real-time evidence of achieved prices for buyers, sellers, and developers:

These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £115,000 to £550,400 illustrates the breadth of the Manchester market.

For developers considering Manchester, the local market data translates directly into finance structuring. With a median value of £244,500 and detached homes at £390,000, lenders can assess scheme viability with confidence.

A typical development finance facility for a Manchester scheme with a GDV of £390,000 would attract senior debt of approximately £253,500 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.

With prices rising 1.9% year-on-year, Manchester presents a supportive environment for new development. Lenders view positive price momentum favourably when assessing loan applications.

Ready to develop in Manchester? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.

To put Manchester's market in context, the table below compares it with similarly-priced towns across Greater Manchester:

For the full Greater Manchester town-by-town breakdown, see our comprehensive Greater Manchester property market report.