House prices in Liverpool 'up 76 per cent'

Since Liverpool was confirmed as the 2008 European Capital of Culture in June 2003, house prices in the city have risen by 76 per cent, according to new research.

A study by Halifax Estate Agents has revealed that in just over five years the average house price in Liverpool has risen by almost £80,000 to £140,842, which outpaces the growth seen in both the north-west (69 per cent) and England (50 per cent).

Self build experts and novices looking for a plot with growth potential and good infrastructure could take a look at the 'regenerating city'.

Martin Ellis, chief economist at Halifax, said that prices have been "boosted by the regeneration in Liverpool's infrastructure in preparation for this year's festivities".

He added that the "demand for good quality, affordable housing has remained high due to Liverpool's close proximity to key towns and cities".

Liverpool fought off competition from a host of UK cities, such as Bristol, Birmingham, Cardiff, Newcastle-Gateshead and Oxford, according to the BBC.