Helen Griffin-Booth, director at Bluerow Homes, is urging those looking to put their home onto the market to act now and take advantage of dramatic house price growth.
According to figures released yesterday (13 March) from LSL Property Services and Acadata, Merseyside is currently experiencing a peak in house prices, with prices up 5% since this time last year, while the average national rate of growth fell to 2.4%.
But this trend is not set to last for long, according to Helen, leaving Merseyside buyers limited time to act.
Helen says: “At the moment, the economy is performing well and so demand is dramatically outstripping supply. Set this picture against the current low housing supply and we are presented with a dramatic rise in house prices, as more and more first time buyers vie to get onto the property ladder. This is a winning recipe for those looking to sell up and achieve their desired asking price.
“However, this rate of growth is set to slow down as the year unfolds, as our economy is faced with the effects of Brexit and further changes to Stamp Duty and mortgage interest tax relief. I would urge anyone who is thinking about selling to act fast and take advantage of the current market”.
"I would urge anyone who is thinking about selling to act fast and take advantage of the current market"
Helen Griffin-Booth, director at Bluerow Homes
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