Since the pandemic, house prices have increased by more than £55,000 according to Rightmove. This record-breaking rise, coupled with the fact that interest rates in the UK are at their highest for 40 years, has left many homeowners, and indeed prospective homeowners, wondering what the rest of 2022 will bring for house prices in St Helens.
Will houses for sale St Helens be cheaper in 2022?
The average house price in St Helens has risen steadily for the last four years, and at the time of writing is around £296,000.
Overall, the price of properties in St. Helens over the last year were up 11% on the same period in the previous year, but down 1% from the peak that was reached in 2015.
This has meant that many first-time buyers may feel that owning a home is beyond their reach – even if they have a steady income and reasonable deposit.
With growing fears that the UK is on course for another recession, prospective buyers are likely to be considering holding off their search in case prices drop later this year. On the other hand, homeowners may be wondering if now is the best time to sell up, before the value of their property falls.
The last recession in the UK was in 2008, when the property market crashed, leaving many homeowners in negative equity. With growing speculation that this could be repeated in 2022, soaring inflation is still increasing mortgage rates and putting many buyers off.
Whilst no one can say with any certainty at the moment whether houses for sale in St Helens will be cheaper in 2022, as soon as there is any indication of this, we’ll make sure our customers are the first to know.
Recently listed houses for sale St Helens
Here at Stapleton Derby, we have many reasonably priced houses for sale in St Helens, whatever the current state of the UK economy.
As an independent, local estate agent in St Helens, we pride ourselves on our knowledge of the area, and offer the highest quality service to our valued clients.
Take a look at our recently listed houses for sale in St Helens by clicking this link. Starting from as little as £100,000 for a two bedroom terrace, with new properties added daily, you’re sure to find something to meet your needs and budget.
Speak to experienced estate agents St Helens today
The best way to find a property that meets your requirements is to leave your details with our team. This way, as soon as a suitable property becomes available, we can make sure you know about it right away.
If you have any questions about houses for sale in St Helens, or you’d just like us to keep you in the loop, give us a call on 01744 883322. Alternatively, you can send us a quick message listing your requirements using our online contact form and we’ll get back to you as soon as we can.