Sell My House Quickly in Liverpool
Sell My House Quickly found another interesting article about properties in Liverpool. The new North-South divide: Average house price growth in Liverpool. It has outpaced London by almost five times since start of pandemic.
- Average house prices in Liverpool have risen by 16.7% since March 2020.
- Average London house prices have risen by 3.7% in the same period.
- Demand for houses rather than apartments thought to be behind the surge.
- Figures are based on analysis of Land Registry data by Andrews Property Group.
House price growth in northern cities and towns is continuing to outpace southern locations. It includes London, according to the latest Land Registry data.
Research conducted by estate agent Andrews Property Group found that house prices in Liverpool had risen. It is 16.7 per cent since the UK first went into lockdown last year.
Also in the North West, the towns of Oldham, Burnley and Blackburn have seen similar growth. With prices up between 14.2 and 15.7 per cent.
Other major cities that have experienced a house price surge include Manchester and Glasgow which have seen prices rise by 13 per cent and 13.2 per cent respectively.
In total, 19 cities and towns have seen double digit house price gains since March 2020.
All of these towns and cities are situated in either the Midlands or the North, bar King’s Lynn in Norfolk.
A lack of available properties on the market, coupled with the stamp duty holiday introduced by the Government in July 2020, are thought to have contributed to the recent surge in prices.
We found this article about Average house price growth in Liverpool has outpaced London on This Is Money. Kindly click the link to read the full story.
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