Liverpool property values

Ian_Griffiths_Halifax · 8 September 2008 at 1:18PM

From one of our trade publications.

European Capital of Culture housing market boosted

Monday 8th September 2008

House prices in Liverpool have risen by 76 per cent since it became European Capital of Culture in June 2003, new figures reveal.

Some 86 per cent of Liverpool post codes have seen their value of properties increase by more than the English national average, according to figures from Halifax.

Martin Ellis, chief economist at the lender, said: "Prices have been boosted by the regeneration in Liverpool's infrastructure in preparation for this year's festivities.

"Additionally, the demand for good quality, affordable housing has remained high due to Liverpool's close proximity to key towns and cities."

Houses in the L5 post code have recorded the highest levels of growth, rising from an average price of £24,142 in June 2003 to £76,403 in 2008.

The ten areas that have seen the strongest house price growth all have an average value of less than £120,000.

Average house price growth for England stands at 50 per cent over the same period.

Generali · 8 September 2008 at 1:32PM

The world seems to be full of Liverpudlians who don't live in Liverpool banging on about how wonderful it is.

tr3mor · 8 September 2008 at 1:54PM

Note that it doesn't say what prices have done since 2007.

:rotfl:

ultra10 · 8 September 2008 at 3:12PM

http://www.rightmove.co.uk/viewdetails-16868479.rsp/svr/3003?pa_n=13&tr_t=buy

Liverpool prices have a long way to fall if this is anything to go by

loofer · 8 September 2008 at 3:39PM

Woop di woo...

I've just checked nethouseprices.com

A house on my street rose 85% from the sale valu in Feb 2004 to when it sold July 07... and that's typical of the rest of the street. No doubt they are falling in value now.

What are they trying to prove? That Liverpool is immune to what goes on in the rest of the world?

geoffky · 8 September 2008 at 4:51PM

liverpool is going to be carnage...already 50% off beatham towers flats ie paid 250 going to auction at 110k but no bidders..

chrisandanne · 8 September 2008 at 5:06PM

Ian_Griffiths_Halifax wrote: »

From one of our trade publications.

Ian, you will know as well as I do as you only live over the hill from me that houses here and in Halifax have risen much more than 76% since 2003.

Incidentally the Mackintosh house is up for £1.75 million.....I wonder what it will sell for ? any predictions Ian ?. I would put the rightmove link but have no idea how to do that !!! A x

Ian_Griffiths_Halifax · 8 September 2008 at 5:43PM

Ian, you will know as well as I do as you only live over the hill from me that houses here and in Halifax have risen much more than 76% since 2003.

Incidentally the Mackintosh house is up for £1.75 million.....I wonder what it will sell for ? any predictions Ian ?. I would put the rightmove link but have no idea how to do that !!! A x

This one? http://www.primelocation.com/uk-property-for-sale/details/id/CHARA115798 nice isn't it.

I recon they'll get the asking price as this sort of property just doesn't come up for sale around here often. May have to wait 5 years for a buyer though!

I know of areas around here that have doubled or even trebled in value in that time. Mainly the very low value areas which were the last to see rises when the prices in the better areas had already gone up. The prices just caught up with the surrounding areas.