St Helens ranks among the most affordable areas of the UK for those investing in new homes, according to the results of a recent study.
The data, which was compiled by homeless charity Shelter, showed that around 72 per cent of homes with two bedrooms or more were regarded as being within the financial reach of childless couples. The area was ranked seventh on the list.
St Helens wasn’t the only area of Merseyside to appear on the list, however, with the figures showing that 63 per cent of homes on the Wirral can be classed as ‘affordable’. Once those looking to buy become aware of the report, companies providing loft conversions on the Wirral and in St Helens may well see increases in demand.
Councillor Barrie Grunewald, Council leader for St Helens, said:
“The Council is pleased that Shelter’s report identifies the significant progress that has been made in St Helens during recent years to increase the supply of affordable housing for those wishing to buy and rent at a time when, nationally, access to affordable housing has become increasingly difficult.”
When compiling the data, Shelter looked at how much housing markets and earnings vary throughout the UK after finding prices on a major property website.
In spite of a continuing focus on the issues that arise for those buying their first homes, Shelter wished to point out that they are certainly not alone when it comes to being presented with problems in the market.
In general, the property market in Merseyside seems to be relatively healthy when compared with other areas of the UK.