Those who rent their properties could be in for a turbulent year, according to a new report.
Estate agency City Residential has been operating in Liverpool for more than two decades and has released its quarterly residential update for the three months to December 2022.
It said Liverpool's rental market "continued to surge" at the end of last year "with rents rising at a strong and steady rate with no immediate sign that this growth is starting to slow".
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Experts said that while they are "always cautious about predictions" interest rates currently "show no sign of abating".
The report added: "With current vacant periods at an all-time low, new immediate supply constrained and increasing demand, it is difficult to see a scenario where rents start to falter or fall.
"A potential recession and continued high energy costs may well impact the market but currently we expect these factors to slowly reduce the rate of rental growth at worst."
City Residential warned that 2024 could see lower selling prices, increased supply and a tougher economic climate impacting rent more than in 2023.
Other challenges could arise from a clampdown on the short-term letting or Air BnB market in Liverpool. It added: "This sector, like the private rented sector, is booming as the city enjoys a strong post covid renaissance but could come unstuck very quickly.
"In such a scenario a huge number of landlords could return to the private rented sectorsubstantially increasing the supply of apartments just as the market slowed naturally."
Elsewhere, City Residential said Liverpool's sales market "hit a brick wall" at the end of September 2022 due to the "disastrous" mini-Budget announced by then Chancellor Kwasi Kwarteng.
It added: "The initial impact was a loss of ongoing sales as buyers balked at the huge spike in mortgage rates and their serious concern as to the likely future direction of house prices."
Whilst the market has settled down since then and been helped by mortgage rates falling back a bit, the ongoing uncertainty is continuing to impact the market.
"Both buyers and sellers are sitting on their hands waiting to see what early 2023 has in store for the property market."
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