Land Registry: Liverpool house prices rise/Manchester’s drop

Michael Hunt

House prices have risen in Liverpool and dropped in Manchester, according to the September data from Land Registry's House Price Index.

The Land Registry's September data said that the average house price in Liverpool is £103,535 and in Manchester it is £94,804.

Liverpool's house prices had risen 1.1% from £102,383 in August, compared to a drop in Manchester's house prices of -0.2% from £94,978.

Both areas are still, however, below the total North West average house price which stands at £116,416 in Land Registry's September data. This is a -8.0% drop in price, compared to September last year, when the average house price in the region was £126,522.

Compared to the average house price in England and Wales in Land Registry's September data, which is now £158,377, the North West is still below the national figure.

The Land Registry's House Price Index captures changes in the value of residential properties. It uses sales data collected on all residential housing transactions, whether for cash or with a mortgage, in England and Wales since January 1995.

At present it contains details on over 15 million sales. Of these, over five million are identifiable matched pairs, providing the basis for the repeat-sales regression analysis used to compile the index.

The next index will be released at 11am on 27 November 2009.

A breakdown of the September 2009 data for the North West is as follows:

Average Price (£)

Monthly Change %

Annual Change %

Manchester

94,804

-0.2

-13.3

Greater Manchester

107,116

-0.2

-13.8

Liverpool

103,535

1.1

-11.8

Merseyside

113,891

-0.1

-12.8

Lancashire

113,852

-0.3

-12.7

Cheshire East

152,107

0.2

-9.1

Cheshire West & Chester

153,875

0.1

-6.9

Cumbria

127,890

0.3

-7.7

Warrington

137,407

0.4

-11.7

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Hopefully this is very true it would be a big boost for Liverpool.

By James

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