"Cash buyers and seasoned investors along with first time buyers have been buoyed by stamp duty changeslow interest rates continue to be a factor too."
Unless you follow the market closely like we do, you may be forgiven for misunderstanding what has really gone on in the last 8 months in residential property.
Judging by our colleagues and from within our ranks, new records have been set for some months during this period with a formidable recovery taking place from late Spring.
There’s certainly been a transient feel to the market especially in Liverpool City Centre e.g. with some landlords wanting rid of rental market challenges. Cash buyers and seasoned investors along with first time buyers have been buoyed by stamp duty changes…low interest rates continue to be a factor too.
The city represents very good value right now, especially when compared to the prices leaping in the popular leafy suburbs of e.g. Mossley Hill and Crosby. Of course, Liverpool still lags behind the national average in terms of value hence why we always talk about ‘the potential’ of the city.
Property over stocks seems to be the more popular choice for those with spare cash/access to finance too and whilst from a broader point of view, your average punter on the street will talk of uncertainty, why bother? The market is strong right now, let’s focus on that and see what happens. Whenever you invest, it’s always long term anyway otherwise you get burnt. The canniest of investors will always tell you that, from experience.