WIRRAL recorded one of the biggest falls in house prices in the UK over the last year, according to new figures.
Research published by Halifax showed the average selling price in the borough was £160,375 – down 9.3%.
Wirral recorded the fourth biggest decline in house prices jointly with Carlisle, with only Craigavon, Wishaw and Chorley seeing greater falls.
Nine of the 10 areas which saw the biggest declines in prices are outside the South, reflecting the continued regional divide in the property market.
Halifax housing economist Martin Ellis said: “Nationally, conditions in the housing market have been largely unchanged over the past 12 months with little overall movement in either house prices or sales for the second consecutive year. This picture, however, conceals considerable local differences.”
Mr Ellis said he expected continuing broad stability in house prices nationally in 2013, with the North/South divide in price performance likely to persist.
Southend in Essex recorded the biggest rise in house prices over the past year, with the average selling price in the seaside resort £198,418.