Post by Kev on Feb 17, 2004 3:18:38 GMT -5
THE market for homes in Liverpool city centre is expected to break all records this year.
Up to 4,000 brand-new properties will be put up for sale in 2004, more than tripling last year's figures, industry experts have predicted.
Housing developments that were not due to be completed until next year have been brought forward due to demand, they claim.
Alan Bevan, market analyst and estate agent, said prices were being pushed up by people buying apartments as an investment rather than to live in themselves.
He said: "We estimate that the number of new city centre homes coming onto the market this year will be 3,500 upwards.
"We could even see 4,000, compared to around 1,250 last year.
"Demand is so strong that some developments that may not have come on to the market until 2005 are being brought forward."
Mr Bevan said: "For first time buyers with £70,000 to £80,000 to spend there is very little left."
Mr Stoney added: "A city centre two-bedroom apartment now costs around £140,000, and that's at the bottom end.
"If you are earning £40,000-a-year you can raise a mortgage on that, but not on much less."
Up to 4,000 brand-new properties will be put up for sale in 2004, more than tripling last year's figures, industry experts have predicted.
Housing developments that were not due to be completed until next year have been brought forward due to demand, they claim.
Alan Bevan, market analyst and estate agent, said prices were being pushed up by people buying apartments as an investment rather than to live in themselves.
He said: "We estimate that the number of new city centre homes coming onto the market this year will be 3,500 upwards.
"We could even see 4,000, compared to around 1,250 last year.
"Demand is so strong that some developments that may not have come on to the market until 2005 are being brought forward."
Mr Bevan said: "For first time buyers with £70,000 to £80,000 to spend there is very little left."
Mr Stoney added: "A city centre two-bedroom apartment now costs around £140,000, and that's at the bottom end.
"If you are earning £40,000-a-year you can raise a mortgage on that, but not on much less."
