APARTMENTS in Liverpool city centre have seen around 15% wiped off their value over the past year.
The figures were released in the latest market report from leading flats agents City Residential.
According to the firm’s statistics, the price of a city centre apartment fell by 16% in the year to June – making the average flat worth £137,050.
The price of a dockland apartment fell slightly less – 13.75% – making the typical price of a flat in those areas £147,725.
Rents have also fallen by between an average of 6% and 7%. The average rent in the city centre is now £627 a month, and £612 in the docklands.
Alan Bevan, of City Residential, said overall prices had fallen between 22% and 24% across the board in the apartments market.
“We have also seen a much stronger market in the last quarter, especially during May and early June.
“As we have come from such a low base, it is easy to get carried away with these increased activity levels hoping that they signal a return to the better times. Our conclusion is that, while very welcome, there had to come a point when activity levels would increase and some buyers decide that prices have fallen far enough.”
