Liverpool Property News
Housing market adds to the economy
For every residential property resale, an average of £9,559 is added to the UK economy. That is an estimated £6bn added to the UK economy so far this year.
On average £5,400 is spent on renovations and new household goods, £3,100 on estate agency and legal fees and the rest comes from spending on removals and property surveys.
The housing market also helps support jobs, per 100,000 transactions a total of 11,557 jobs are directly or indirectly supported.
Rightmove estimate that there are 650,000 sales going through the buying and selling process, 67% more than at the same time in 2019. This will be a huge boost to the UK economy.
Source: Dataloft, Knight Frank, Home Builders Federation
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This Blog looks at what is happening in Liverpool, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Gill Bell - Editor
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