Discover House Prices in Southport
If you’re moving to Southport, Merseyside, or you’re looking to sell your home in the area, then it’s a good idea to have some insight on UK property and house prices in Southport.
What’s happening to house prices in the UK?
Over the last few years, house prices have increased across the UK. This is partly due to the pandemic and the stamp duty holiday contributing to a more volatile market.
Property prices have now slightly fallen from their peak, but a significant drop in average prices is yet to occur. According to the Land Registry, the annual fall in property prices is just 0.1%. The year before, the average price of a UK property increased by 14%.
If you’re buying a property as a first-time buyer in the UK, the average sold price is £257,000. Whereas home movers already on the property ladder can expect to pay £355,000 on average.
The Average Price of Property in Southport
A North West Seaside town, Southport is a great place to live, with the benefit of easy commuting to nearby Liverpool and Manchester. Discover house prices in Southport before making your big move.
According to Rightmove, properties sold in Southport over the last year had an overall average price of £237,027. The data is from asking prices set by sellers on the portal rather than sold prices. As it shows, house prices in Southport are significantly lower than the UK average house prices.
The majority of property sales in Southport were semi-detached properties, selling for an average price of £224,911. Flats in Southport sold for an average price of £132,794, and detached properties sold on average for £408,671
Over the last year, the average sold price in Southport has remained similar to the previous year and 9% up on the 2020 peak of £218,427.
What is the UK Property Market like?
The property boom of 2021 saw buyers make the most of the temporary stamp duty tax holiday which resulted in huge increases in sales around the deadlines. Since then, the number of properties being sold each month has steadied and 2023 has seen a marked drop in sales.
The cost of living crisis and high mortgage rates have likely affected the number of properties sold. Although demand from buyers has fallen over the past year, estate agent trade body Propertymark reports that interest from both buyers and sellers is increasing.
Should I move to Southport?
If you’re planning a move to the seaside, Southport might be the perfect place to call home. Whether you’re moving with your family or buying your first property, Southport house prices mean you can find the right home for you for a more affordable price.
As well as a seaside location and Victorian architecture, Southport has plenty to offer. Regeneration and development schemes are underway in the area. Discover Southport’s biggest attractions and enjoy a variety of events in the town all year round.
Plus, moving to Southport has never been easier. Our professional self-storage facility in Southport offers a secure home storage solution, ideal for storing furniture and household items safely.