“Omicron. Stamp Duty holidays ending. Significant price increases. Three big happenings that could shake any market but not residential property.” The words of Helen Griffin-Booth of Bluerow Homes after experiencing a very positive quarter for the business in closing 2021.
“The market has flourished against a backdrop of adversity in the world at large and, in spite of specific property market factors like Stamp Duty.
“We’ve seen like for like increases in sales approaching close to 50%.
“Obviously, lower interest rates will always help a market be more attractive.
“Then there’s the ‘moving out to the country’ trend which in Liverpool terms increasingly saw suburbia become the flavour of the last quarter. This continued the trend from earlier in the year.
“Widening city and suburban price differentials often increase value for buyers in the market. And that’s exactly what’s been happening. Given the basic laws of economics that trend will continue to restrict supply but that could all change given Liverpool Council’s move to reintroduce a new Liverpool Landlord Licensing scheme in April 2022. How many landlords will move properties on as a result? Time will tell.
