The average asking price in both cities has risen by 63% since 2016, the research found.

In Manchester, it jumped from £160,422 to £261,891, while in Wolverhampton it surged to £229,094.

The UK’s most expensive city, London, also saw the slowest growth, as asking prices rose by 7% from £639,593 to £687,080.

Newport saw the next steepest growth after Manchester and Wolverhampton, with asking prices up by 57% over the decade to £235,275.

Nottingham was next with growth of 53% to £210,238, followed by Wakefield and Salford, which both saw 52% growth to £231,581 and £226,559 respectively.

The analysis also found that the four fastest-growing local areas over the past 10 years were all in Greater Manchester.

House prices in Levenshulme, Atherton, Droylsden and Failsworth increased by around 80% over the period.

Rightmove says affordability, inward investment, transport links and changing working patterns have all contributed to Manchester’s strong performance.

The findings also point to evidence of a “spillover effect”, where buyers priced out of major cities have looked to nearby areas offering better value.

Examples include movement from Manchester into Salford, Birmingham into Wolverhampton, and Leeds into Wakefield and Bradford.

No southern England cities appear in the top ten for fastest price growth, but they make up half of the ten cities with the slowest growth.

Rightmove property expert Colleen Babcock says: “Manchester is a big winner of the past decade, with strong price growth underlining its growing popularity among buyers.

“By contrast, London has seen much slower growth over the same period, reflecting how higher prices in the capital have limited how much further buyers can stretch.

“Looking at the bigger picture, affordability has been a central theme shaping these trends.

“Areas with lower starting price points have had more room for growth, which has contributed to a widening north-south divide in price growth trends over the last 10 years.

“Some of the shifts behind this are continuing to play out, particularly changes in working patterns.

“Greater flexibility through hybrid and remote working is still influencing where people choose to live, supporting demand in cities that offer better value and a different lifestyle balance.”

Maurice Kilbride Residential Sales managing director Maurice Kilbride says: “Manchester’s growth over the past decade has been extraordinary.

“Strong employment opportunities, significant inward investment, excellent transport links and a vibrant lifestyle offering have helped attract people from across the UK and beyond.

“What’s particularly noticeable is that the city’s success has extended well beyond the centre, with surrounding suburbs also benefiting from increased demand as buyers look for a balance of space, connectivity and quality of life.

“Having worked in the Greater Manchester property market for over 25 years, we’ve seen the area’s appeal broaden considerably, helping to support sustained price growth and making Manchester one of the UK’s standout property success stories of the last decade.”