A new prediction that house prices could increase by at least 3% in 2017 is said to be “welcome” news for Merseyside’s property market.

According to RICS’ annual housing market forecast the rise is expected across the UK during the course of next year, although the North West could potentially make gains above the national average.

In addition the RICS outlook, which puts the increase down to an ongoing shortfall in supply although there is said to be an improvement, also suggests rents are likely to see a UK-wide 2-3% increase during the next 12 months.

Nicki Boyle, senior sales negotiator at Liverpool city centre based agent Bluerow Homes, believes the projected house price rise is a step in the right direction and says: “The news that the property market will improve during 2017 is always welcome. Liverpool and the Merseyside area in general is showing itself to be healthy and active, and this looks set to continue over the next 12 months.

“The growth should be steady, which means it will be sustainable, and will be good news for everyone looking to buy or sell in 2017.”

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