Greater Manchester's most expensive areas where house prices are plummeting fast

The property market can be uncertain, especially when it comes to house prices. Earlier this year, the Office for Budget Responsibility predicted that property prices will fall by 10 percent over the next two years, but up until now, they have continued to rise in most areas.

However, it now looks as though this downward trend is starting to take effect in certain parts of Greater Manchester. In the region's most expensive borough of Salford, Stockport and Trafford, some areas have seen their average house prices drop by considerable amounts in the last couple of months.

Here we look at the six areas of Greater Manchester where HM Land Registry figures show that house prices have dropped drastically between May and July - with one area where prices have plummeted by almost £70,000.

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This may be not so good news for house sellers, but great news for first-time buyers who may be able to bag a property in a desirable area for a much cheaper price.

House prices have dropped a huge amount in this Trafford town in recent months.

Back in May, the average property price was recorded at £401,142 but this has now fallen by £69,509 down to £331,633.

For a while now, Bowdon has been known as Greater Manchester's most expensive area to buy a home.

Although it remains at the top today, house prices have now started to come down. The average house price in the suburb is £841,384 as of July, which has fallen by £44,135 from £885,519 back in May.

House prices have also fallen in Firswood, a suburban area of Stretford in Trafford.

The average house price here in May was £385,171 but this has now dropped by £23,515 down to £361,656.

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