Average UK house prices increased by 0.2% in the 12 months to August 2023
The average home in the region cost £193,699 in the 12 months to August, according to figures from the Land Registry. That's up by 0.9% compared to July, and up by 1.1% from 12 months earlier.
Sefton has the highest average house price of any local authority in Merseyside. The average home there cost £213,593 in the year to August. That's a 2% increase compared to last year, and a 0.4% increase compared to July.READ MORE: Liverpool's town within a town where everyone knows each other The average deposit paid for a first-time buyer home in Merseyside is £36,000, or 24% of the total property value. A 15% deposit would be £22,500, Zoopla said.. They also rose 0.3% compared to July 2023. East Lothian has seen the largest year-on-year rise of any local authority in the UK. The average home there sold for 15.4% more in the 12 months to August compared to the previous year.
In Rutland houses sold for 13.3% more, while in Harborough they cost 12.2% more, in Na h-Eileanan Siar in the Outer Hebrides 11.8% more, and in Newcastle upon Tyne 8.2% more. Hastings and the London borough of Kensington and Chelsea saw the largest price drops, however. Homes in both local authorities fell by 10.4% in the 12 months to August according to the Land Registry data. In the Shetland Islands prices fell by 7.6%, in Pembrokeshire by 7.5%, in the Orkney Islands by 7.3%, and in Blaenau Gwent by 6.9%.
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