• house prices, sales market, RICS

North West house prices rise despite drop elsewhere in the UK

The region’s house prices and sales remain healthy despite falling elsewhere in the UK according to new figures.

The Royal Institution of Chartered Surveyors’ (RICS) new UK Residential Market Survey suggests more than a quarter (29%) of chartered surveyors around the North West saw house prices rise during July.

The data also shows that 19% of North West respondents saw a rise in sales activity despite the number of homes on agents’ books falling to an all-time low.

The percentage is up from 15% in June and, although it only shows a modest increase, it’s said to be in contrast to other areas of the UK including the West Midlands, London and the North East where sales activity dropped during July.

The Liverpool City Region’s John Williams, from Brennan Ayre O’Neill LLP in Wirral, supports the findings, saying: “Sales are remaining strong in our area, with values supported by limited stock availability. But the onset of school holidays has further slowed the rate of new homes coming on to the sales market.”

RICS says North West agents reported an average of 45 homes on their books during July, compared to the average on 92 homes three years ago during July 2014, however a rise in the level of new buyer enquiries demonstrates demand for home ownership is still strong.

About Author: Natasha Young

Natasha Young is our Editor. She can be contacted by email natasha@movepublishing.co.uk or by phone on 0151 709 3871.