Liverpool’s house prices are leading inflation rankings across the nation, while properties remain at the most affordable in a decade.

House price inflation rankings in the UK have placed Liverpool at the top, alongside Edinburgh, with the cities’ house prices increasing by 5.8% annually to £125,500.

This is according to data provided by Zoopla’s latest UK Cities House Price Index, which shares an analysis of price inflation and affordability across the UK.

This year’s data compares with the +3.8% annual house price growth seen in Liverpool last year, thereby indicating that inflation is on the increase.

However, Zoopla also revealed that property remains to be at its most affordable in a decade.

Liverpool’s house price to earnings ratio stands at 4.4x, which indicates that the average price of a house is 4.4 times greater than the average annual wage.

According to data, Glasgow is the only location where the ratio is lower and as a result, more affordable when taking this measure into account.

Today, homes in Liverpool are also more affordable than in their peak in 2007 when house prices were 5.6x more the average annual salary.

Meanwhile, London’s average house price, being £483,100 , is 13.1x higher than the average wage. This contrasting ratio was last seen in June 2015.  

Zoopla also revealed that the best performing regions in Liverpool for house prices were Litherland, Seaforth, Bootle and Waterloo – which recorded an average value of £120,929 in May 2019.