Liverpool has recorded its highest rates of house price growth since 2007 and the third highest regional city outside southern England, according to Hometrack’s house price index.

The index shows that house prices in Liverpool have now increased by 10.5% from the period after prices declined between 2007 and 2013.

However, the average price house price of £109,800 is still 13% lower than the 2007 peak – and the lowest of the 20 UK cities covered by the index.

James Kersh, auction director at Sutton Kersh, commented that the results came “as no surprise” adding that, “Liverpool has never had a significant boom or bust economy, what the figures do show is that the city is making steady progress but still has a lower house price compared to the national average.

“There is no doubt, however, that Liverpool is firmly on the map as a University city, tourist destination and business centre which in turn encourages outside investment and given that prices remain competitive, will result in even more investment and I can see the city progressing even further over the next 5 years at least.”

John Arrowsmith of Liverpool Residential, was optimistic in his response, saying: “I think Liverpool will see the biggest growth next year compared to the other northern major cities.

“There is a lot of investment coming to Liverpool from the South due to high yields especially in the student market which still doesn’t seem to be slowing down even with the purpose built accommodation within the city centre.”

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