Property sales in both Manchester and Liverpool are bucking the downward trend according to latest figures released this week.

Sales of homes across cities in southern England have dropped by 13 per cent on average since 2015 according to Zoopla’s index, which looks at the UK’s 20 biggest cities.

They found property sales have fallen by 13 per cent in the south between 2015 and 2018.

On average, sales increased by 6 per cent across cities in northern England over the three years.

Sales in London are down 20 per cent on 2015 levels.

By contrast, transactions in Liverpool have increased by 19 per cent over the same period.

As well as a big jump in sales, Liverpool also had the strongest annual house price growth in March among the 20 cities in the index, with a 5.7 per cent year-on-year price increase taking the average property value there to £122,100.

Manchester also recorded house price growth of 5 per cent or slightly more in March.

Zoopla said affordability pressures and higher stamp duty costs have particularly affected the south, with Brexit uncertainty also being a compounding factor.

Richard Donnell, research and insight director at Zoopla, said: “House prices and sales volumes continue to increase in regional cities outside southern England.”


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