Liverpool currently Fastest Growing City in UK
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News of house price growth falling across the UK is currently dominating headlines in the everyday media. With Brexit negotiations, a selling season conclusion in the housing market, and the holiday season occupying the thoughts of many, little attention has been paid to possible cities which are growing. New data has just confirmed one city is not on its way down in house price growth, but up. That city is Liverpool and it comes in as today’s fastest growing city.
The city of Liverpool is currently seeing its house price growth register 7.5% for the year compared with all other cities. The average property price now sits at £120,100 which is still below the average posted in the year 2007. This, according to economists, makes it possible to see even more growth take place in the city.
The rental scene has become quite popular in the city of Liverpool. It has become so popular in fact that some refer to it as the capital of buy to let in the UK.
Over time, the ability to purchase housing and obtain lending has become more accessible through online resources. This has been no stranger within the city of Liverpool as well. A new online register now makes it possible and easier in fact to complete the conveyancing process in the city of Liverpool.
House price growth has slowed in many parts of the UK, but growth in the city of Liverpool demonstrates positive forward movement is still possible. The clouds which are now hanging over the housing market creating uncertainty are predicted to become a thing of the past in the coming months. This should lead to growth in many other cities in the short term and into next year, according to those close to the housing market.