Liverpool offers value for homebuyers

07-Jan-2008

Homebuyers worried about the possible downturn in the property market are being encouraged to consider Liverpool as a possible location.

This year sees the city celebrate the European capital of culture title it was awarded in 2003.

Winning this accolade prompted a surge of inward investment, which has helped stimulate the local economy and make the housing market more resilient.

Philip Lawton, director of local estate agent Sutton Kersh, said there were plenty of good reasons to buy property in Liverpool.

"In 2003, when Liverpool was awarded the capital of culture 2008, there was a huge influx of investment," he said. "People were literally queuing up to buy properties across the city, particularly in the city centre where there were many exciting off plan opportunities.

Mr Lawton added: "Liverpool remains a great place to invest and recently appeared in a Daily Mail article as one of the top ten cities that will defy the house price gloom in 2008."

First-time buyers are likely to be particularly nervous at the moment with doomsayers warning of a meltdown in the property market.

Despite the tightening of lending conditions, interest rates do appear to be on a downward trend, which should make mortgages cheaper in the coming months.


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