Merseyside Property Prices Rising
Property prices are on the rise, according to new figures. Home.co.uk has revealed that the average price of a terraced house in Southport has risen by 20% in the last year with semi detached houses rising by 16%.
What does this mean for you as an owner? If you are the owner of a home in the UK currently, this could be the best time for you to sell and make a profit to benefit from the rising prices.
What does this mean for you as a buyer? Consideration needs to be given to the rising costs and how this will have an impact on the price you pay for a property when it comes to your mortgage costs and initial deposit. You might want to think about purchasing a property sooner rather than later if the rising trend continues.
In conclusion, house prices continue to rise, particularly in London, but also Birmingham, Manchester and Liverpool, according to new figures from mortgage lender Nationwide. House prices in the UK have risen by 5.3% over the past year, compared with a 2.9% rise a year ago. Hometrack said prices had risen by 6% in the UK and 13.9% in London over the past year.