While house price rises and market activity varies across the UK, overall, the trend has been an upward one. In Liverpool, the average house price saw plenty of growth. In some places, price growth met or eclipsed the strong increases seen in the North West overall. On average, the percentage increase of Liverpool wasn’t far off of the regional growth anyway. So, it’s made for some promising signs coming into 2025 and reflects what was a good 2024 on paper for the city.
A Decent Year with a Strong Horizon
Pay’s on the rise and rates are falling, leading the analysts of this housing market outlook piece to be optimistic about house prices in 2025 and 2026. Stamp duty’s going to get an increase. Yet, the anticipation for further growth remains. This is all a good sign of where the market is right now and where it’s expected to go.
In 2024, the final anticipated number for house price growth is expected to be in the region of three per cent. This is a marked recovery from the 1.4 per cent showcased in 2023. Heading through 2025, that three per cent rise is expected to continue, with a hefty bump to house prices of 5.5 per cent in the following year.
With these figures, it’s been a relatively quiet year. Yet, growth is far better than staying level or dropping off. They come as a result of some additional avenues for house sellers. Many people don’t like the process of listing, waiting, and navigating a chain when tackling the housing market.
Now, anyone can go online and find the cash house buyers willing to buy my house for cash without much by way of the usual housing market process. Instead, online house buyers will offer a free and fast cash offer. With this, the sale will take place on your terms, and they offer a purchase guarantee on any property.
Liverpool House Prices Get a Bump
Access to the housing market increased and prices are trickling upwards. So, it doesn’t come as a surprise that markets in major cities are experiencing more activity. According to figures from October 2024, the average house price in Liverpool saw a four per cent rise to £188,000 on 2023.
By comparison to the region, Liverpool did trail a bit. The North West sported a 4.4 per cent growth over the same window. That said, some reports point to the average house price in Liverpool exceeding £209,000 over the last 12 months. Either way, almost all analysts saw positives in Liverpool’s house price growth rate.
Naturally, some areas saw increases at much higher rates than others, even when just looking at the Liverpool area. The St James and Georgian Quarter’s Chinatown, for example, flew up by nearly 40 per cent from mid-2023 to mid-2024. Central and Islington also enjoyed a 20 per cent rise.
Like much of the UK, Liverpool has seen its house prices rise in recent months, and heading into 2024, this trend is expected to continue.