Future Liverpool Price Growth Predictions
When considering Liverpool house prices it is clear that the broader context of the UK housing market has raised a few eyebrows this year. With rising interest rates experts predicted a decline in house prices across the country. Some were forecasting drops of between 5% and 10%. Savills estimated a 10% fall. While Zoopla anticipated a more modest 5% decrease. Nationwide’s data showed that house prices had indeed fallen by 5.3% confirming some of these predictions.
However the story does not end there. Despite these short-term dips many believe that this decline is temporary. And the future is looking more optimistic for those interested in property investment. Liverpool is in a strong position. While the UK housing market as a whole may have stagnated in 2024. Experts are already looking ahead to potential price growth in 2025 & the coming years. Savills has predicted a house price growth of 7% by 2026.
It has assumed the interest rates and inflation will settle down. Other analysts are slightly more cautious. The Office for Budget Responsibility (OBR) estimates a 3.5% rise. While Statista expects a 1.7% increase in UK property prices between 2023 and 2027.