Homebuyers look for alternatives as Liverpool property booms
31 March 2007
With the average family home in Liverpool now standing at £130,783, first time buyers in the area are being resourceful to ensure they get a foot on the property ladder, according to research by FindaProperty.com.
A quarter of people are unable to get onto the property ladder due to daunting house prices, meaning many are looking for alternatives:
Over a third of people in Liverpool would consider joint purchases with either friends or family in order to get onto the property ladder, whilst over a quarter would consider a career change and one in five people are considering relocating in order to purchase a home.
Within five years average home prices in Liverpool have increased by over £68,526, yet despite this continued rise around a third of Liverpudlians are committed to buying property in the region this year.
Property expert Mike O’Flynn from FindaProperty.com comments, “The Liverpool property market is currently enjoying a surge – with prices on the rise and regeneration in the area attracting buyers. We hope our move into the area will give property seekers an easy and concise way to view a wide range of properties in all prices ranges throughout the region.”
Despite the hesitancy of first time buyers, over 60% of people within the Liverpool region believe that house prices will continue to rise, and the homebuyers research has also highlighted the areas within the Liverpool region that are currently proving most popular which include:
Crosby (11%), Aigburth (9), Bebington (9%), Grassendale (6%), Southport (6%) and West Derby (6%)
Alongside a practical ‘beginner’s guide’ on everything from how to view a property to how to extend your lease, findaproperty.com also provides in-depth local area guides, supplying home seekers with need to know information such as council tax rates, crime rates and school rankings as well as nearby green areas.
Property expert Mike O’Flynn from FindaProperty.com comments, “The whole area of Liverpool has evolved a great deal over the past five years, and whilst some places are proving popular with homebuyers at the moment, for an investment I would personally be looking at either Tuebrook, Anfield, Kensington or Walton, as they are all areas that are likely to be names to watch in this region over the new few years.”