Liverpool looks set to continue to be a good place for buyers looking to get a foot on the property ladder, an estate agent has commented.

The city is a hub of artistic creativity and has been named the European Capital of Culture for 2008, prompting millions of pounds worth of investment in infrastructure and new attractions.

Philip Lawton, director of Merseyside property agents Sutton Kersh, explained that this is just the beginning.

"There has already been massive regeneration of the city including a new waterfront arena, a billion pound retail shopping complex, new cruise liner terminal and numerous prestigious hotels but there is much more to do and the regeneration will continue way beyond 2008," he said.

Although many experts continue to forecast a slowdown in house price growth across the country this year, Mr Lawton argues that "Liverpool remains a great place to invest".

"We have seen a cooling in the local market in the last 15 months or so and there has been a slight stepping back in values due to the oversupply of properties coming on to the market," he said, adding that property values will begin a "modest recovery" this year.