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Wirral house prices on the increase
11:49am Friday 30th August 2013 in News
LATEST figures show house prices in Merseyside have risen to their highest level since 2011.
The average cost of buying a home in the region in July was up 3% to £134,235, with Merseyside’s increase ahead of national figures.
Property sales transactions across the county have soared by 12% annually, and after a seasonal Christmas lull, have been rising an average of 5% per month since January.
And seller confidence in Wirral is growing as new property instructions rise 3% on average since the start of the year.
Debbie McHale, area director at Jones & Chapman estate agents, said: “The Merseyside housing market is on the road to recovery with increasing confidence from buyers and sellers, as seen by the 4% annual rise in new buyer registrations and 6% annual increase in instructions.
“The 3% annual average price rise and 12% increase in sales transactions across the county shows the economic recovery the UK is experiencing also extends to the property market in the North.
“Wirral continues to attract high-profile residents due to its quintessential countryside setting, high quality properties and stunning vistas across the Irish Sea.
“Confidence on the peninsula is strong as 3% more properties are coming onto the market when compared to last year.”
News of Liverpool’s £260m regeneration is attracting both domestic and international business investment as well as enticing new residents.
This activity means that sales transactions have risen 2% per month since January.
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