The UK’s decision to leave the EU does not pose a major risk to Liverpool’s city centre residential market, according to new research.

The Residential Report for Q2 of 2016 by City Residential concedes that Brexit may reduce planned development in the city but maintains that Liverpool continues to offer good value for prospective investors.

The report sets out what it sees as the positives and negatives of Brexit whilst revealing that the Liverpool city centre property market experienced a rise 0.46% during the last quarter.

Alan Bevan, managing director of City Residential (pictured), says: “Mortgages should become cheaper in the short/medium term making property more affordable and sustaining lower base rates for longer.

“The collapse in sterling caused by Brexit actually makes UK and Liverpool property much more attractive to international and EU investors.”

Despite these positives, Bevan admits there is a potential threat to the Liverpool economy if Brexit leads the country into a recession and the UK’s image as a safe place to invest comes under threat.

He adds: “There will be a large question mark over funding/lending in the property sector until such time as the effects of Brexit are understood.”

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