Liverpool still ahead in house price rise stats

 

Liverpool continues to lead the way in house price rises, while Birmingham and Manchester also performed strongly in the latest figures from Hometrack.

Prices grew by 6.9% in Liverpool in the year to September, according to Hometrack’s UK Cities House Price Index, with an average price of £120,500. Birmingham follows in second place in the list, with the second city’s properties rising by 6.5% in the same period while averaging £163,600.

Overall, the new data shows a slight slowdown in house prices in the 20 cities surveyed, with rises at 3.2% down 0.6% from the September 2017 report, reflecting uncertainties over the economy’s long-term prospects and Brexit.

The index reports that values grew by 3.2% in September, down from 3.8% recorded by Hometrack at the same time in 2017. The average price for a property in the new index is £255,000.

“City level house price growth remains well above average in the most affordable cities,” said Richard Donnell, insight director at Hometrack.

“While the rate of growth has moderated slightly prices in five cities are still rising twice as fast as the growth in earnings. We expect continued price growth in the most affordable markets over the remainder of the year.”

Midlands and northern cities also perform well

The figures point to it being a good time to invest in Liverpool, which was also recently named as the buy-to-let capital of the UK. Birmingham follows the Merseyside city, just ahead of midlands near-neighbour Leicester which saw prices rise by 6.4% and average value of £174,800.

Manchester is fourth in the list, with prices having gone up by 6.2% while averaging £167,800. Sheffield showed an excellent performance in the period in question, prices in the Steel City having risen by 5.8% compared to 4.6% a year earlier, while a property averages out at £139,600.

The report’s London data showed that while prices continue to fall overall in the capital, the rate of decline appears to be slowing. The number of postcodes showing month-on-month price falls is now at 44%, down from a peak of 70% in December 2017. There was a year-on-year fall of 0.4% for the whole of London, but some suburbs showed saw prices go up, with Barking and Dagenham showing a rise of 2.3%.

The outlook appears to be that the market remains cautious but careful analysis of conditions, especially in the northern cities and Birmingham, could yield benefits and bargains for buyers and investors.

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Liverpool waterfront with the Three Graces

Liverpool still ahead in house price rise stats

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.