There has been an encouraging 5% uplift in the number of new properties coming to the market compared to the previous year, which will help to meet some of the record demand from home-movers. New supply of typical first-time buyer homes has increased most, up by nearly 10% this month, a welcome boost alongside other initiatives for those looking to get onto the housing ladder in 2016.
Miles Shipside, Rightmove director and housing market analyst comments: “The new year’s market has hit the ground running in many locations, continuing last year’s momentum and resulting in the price of property coming to the market hitting a new high. Many agents reported high numbers of sales in November and December and properties selling more quickly, so it’s encouraging to see signs of replenishment of property, especially in the first-time buyer sector. However, in spite of the apparent veneer of market buoyancy, those thinking of putting their property up for sale need to avoid being too optimistic with their initial asking price, as most buyers are still understandably being very selective about their future home.”
At Belvoir Liverpool Central, we’re pleased to say we’re noticing this uplift with more properties selling at or above the asking price. The asking price for a home or investment property in Liverpool is still very sensitive however it’s refreshing to see the market is moving in the right direction.
The most in demand postcodes in Liverpool City Centre are L1, L2 and L3 which is why we want to share the average house prices for these specific postcodes.
If you’re currently looking to purchase or sell your property, give our Liverpool Central office a call on 0151 231 1613 (opt 1).
