Greater Manchester Rents Soar Most UK Areas Three Years

Rents in three Greater Manchester areas—Oldham, Wigan, and Bolton—have surged by more than 31% over the past three years, with increases outpacing mortgage repayments due to heightened rental demand and limited supply. This trend is reflected across the UK, where average rents exceed average mortgage payments, driven in part by first-time buyers remaining renters longer amid rising mortgage rates. In Nottingham, Croft Road in Edwalton stands out as the most expensive street, featuring multimillion-pound mansions, luxury amenities, and heightened security, illustrating the city's affluent residential pockets. Meanwhile, in Portland, Oregon, a rare 1937 Art Moderne house designed by architect Roscoe Hemenway recently sold for $960,000, above asking price, highlighting continued demand for unique historic homes; the property features modern upgrades and scenic views. Additionally, in London’s Penge neighborhood, street art collaborations have transformed the area’s character, fostering a vibrant cultural scene that supports local businesses and contributes to rising property values. These diverse housing and cultural developments underscore evolving dynamics in urban living and property markets across different regions.