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Liverpool Echo
Liverpool Echo
National
Olivia Williams

Merseyside borough is the fastest growing property market in the region

One area in Merseyside has the fastest growing property market in the region, according to new data.

New figures show Knowsley had an average of 37 inspections per month in 2021 compared to 2020, which had an average of 28 inspections per month - an increase of 25%.

That percentage change is the largest in Merseyside Property Inspect, the firm which undertook the research, says.

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The data is based on the number of RICS surveys commissioned, which check properties for damp, subsidence, and other structural issues that buyers may not have seen when initially viewing the building.

Property experts said that the UK property market is still rising which is "in turn driving prices up".

Warrick Swift, commercial director of Property Inspect said: “The UK’s property market is still rising following favourable market conditions after the initial Covid lockdown.

"House inspections are typically conducted by a buyer before contracts are exchanged to understand more about the fabric and condition of the property.

"Inspections are not mandatory but can sometimes save buyers thousands by revealing issues that may not have been evident upon initial viewing.

"Because of this, we’ve been able to determine where house purchases are climbing in line with the number of RICS surveys being conducted in these areas.

"It’s unclear how the housing market will perform in the final few months of 2021 but it’s clear that most areas of the UK are still seeing a rise in purchases, which in turn is driving up prices across the country.”

Elsewhere in Merseyside, St Helens is also seeing an increase growth, with a 16% increase in inspections this year from 2020.

Sefton was the only area in the region which saw a decrease in the number of inspections in 2021, with a percentage decrease of 18%.

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