Postcodes where prices are expected to rise and fall fastest on Merseyside

The Merseyside postcodes where properties could be set to see rising prices have been revealed - as well as those areas where property prices could be set to plummet.

PropCast, a house selling "weather forecast" tool, analyses the performance of property sales to identify the country's strongest and weakest markets.

Their tool analysed 13,633 property sales across Merseyside’s postcode districts to identify the areas that could be impacted by Britain's exit from the EU.

Sharing their findings with the ECHO, PropCast claim 11 Merseyside postcodes could see house prices rise in the next few months.

(PA)

This could be down to a number of factors, from increased buyer activity to limited availability of good quality.

The top ten postcodes expected to see price rises are:

1. L29
2. L22
3. CH48
4. L20
5. L4
6. L21
7. L9
8. L16
9. L13
10. L6

These postcodes are:

1. L24
2. L5
3. CH61
4. L31
5. CH60
6. CH41
7. CH43

House prices in Merseyside’s remaining postcode districts are expected to remain static as there has been no change in buyer demand.

Gavin Brazg, Founder of PropCast said: “Although some postcode districts do retain the upper hand in Merseyside, sellers still need to position their asking price competitively against other similar properties for sale if you want to attract multiple offers and achieve the best possible price.

"Ensure your estate agent is implementing the best selling strategy for your local market. Meanwhile buyers currently on the fence about buying in these areas should get their offers in as soon as possible.

“For those living in postcode district expected to see price falls, try not to be too down heartened. There are numerous factors why this happens, which are usually symptomatic of each other.

"When buyer demand in a particular area consistently drops or houses are left on the market for too long (usually because of the decrease in demand), homeowners will often be advised to lower their house price (or their expectations) in order to make a sale.

"The best way for sellers to strengthen their position in a falling market is to price conservatively from the start and choose a local, trusted estate agent who truly knows the market and how best to position your home within it for a fast sale.

"Meanwhile, this does mark the perfect time for buyers to swoop in knowing they have the upper hand in negotiations and bag themselves a bargain so if you are selling in one of these areas, don’t forget you will be making a saving when purchasing your next home.”

On the opposite end of the spectrum, the "forecasting" tool predicts some Merseyside postcodes could be set to see a price drop.