Eurovision Song Contest puts spotlight on Liverpool

Liverpool is on the global stage this week as Eurovision fever sweeps across the city. More than 100,000 music fans are expected to arrive this week as the city hosts the 67th Eurovision Song Contest on behalf of Ukraine.

If last year’s viewing figures are anything to go by, more than 160 million people are expected to watch the live semi-finals and Saturday’s Grand Final as UK hopeful and singer songwriter, Mae Muller, takes to the stage.

Street parties and festivals are also taking place across Liverpool, putting local neighbourhoods firmly in the spotlight.

And the famous home town of The Beatles has been in the spotlight for home-buyers recently, too. Nearly two-thirds (64%) of home-owners searching for their next home are planning to move within the city, compared to a third of home-movers who are looking to move outside of the area.

In contrast, 65% of renters living in Liverpool are looking to stay in the area and make a move within the city, down from 67% last year.

Average asking prices are up 4% this year compared to a year ago, while average rents are up 7%. The average asking price for a home in Liverpool is now £208,120, while the average asking rent is £1,000 per calendar month.

Our property expert Tim Bannister says: “Cities like Liverpool have become more popular with buyers again as people find a balance between flexible working patterns and being near to an office space and the amenities of a large city. For renters it’s a slightly different story, as record rents and a shortage of available homes means many renters need to cast their net wider and look outside of cities to find an available home within their budget.”

All eyes on Eurovision’s host city

Formby, a scenic coastal town just outside of Liverpool, is the most searched-for location for home-buyers around Liverpool. The National Trust reserve, with its stretches of sand dunes and beaches, is also a popular tourist spot.

The town also has some of the biggest and most expensive houses in Merseyside. The average asking price of a home in the area is £396,890, but big, detached houses can be priced at over £1 million.

In fact, the most-viewed home around the Liverpool area in April is located in Formby. The gated five-bedroom home comes with a pool room and a cinema room, as well as landscaped gardens.

Crosby, another popular coastal town south of Formby, is the next most searched-for location for home-buyers around the Liverpool. Maghull, a town north of Liverpool, is the third most searched-for area.

The 10 most-searched locations around Liverpool