Property prices in Liverpool rose by 41% over last year

Land registry UK has provided its latest report on the real estate market. The report shows that prices on UK property are increasing across the country, but in areas where the average price is significantly below the national average, the growth of prices more dynamic.

In the top cities in the rate of growth of real estate in the center of the Liverpool district – with index L1, which saw last year’s price growth is 41.2%. The average price of housing in this area was £85,000 in December 2011 and in the three years to November 2014 rose by a total of up to £120000. But from November 2014 the rapid demand has led to the fact that in just one year the price rose to £200,000 in average.

On the second place on growth rates of real estate in Wales , located at index ‘LL27 in Conwy North Wales and a property in England on the index BD1 East of Bradford, where there is a large University.

Average real estate prices in these cities grew by 37% and 36%, respectively. Index ‘LL27 average prices rose from 135000 in 2011 to 185,000 jobs by 2014, and the index BD1 with 42000 to 57000 during the same period . However, prices in these areas are still well below the national average.

Meanwhile, investors should not forget that the market of real estate of great Britain is very changeable and yesterday the fast-growing areas may be areas of stagnation.

There are several indications that the area will develop rapidly in the near future is the development of infrastructure by the local authorities, the construction of schools and transport systems. Of course, proximity to universities and large cities of England is also a positive factor for the revitalization of the real estate market. The emergence of new shops, cafes, restaurants and Nightclubs can be a symptom of improve the well-being of these neighborhoods.

® Maxim Savitsky G. 24.03.2016

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