A spotlight on Liverpool: Formby is the most searched for location

• All eyes are on Liverpool this week as it hosts the Eurovision Song Contest and new analysis from the UK’s biggest property website Rightmove reveals the latest trends in the city and its surrounding areas
• Formby is the most searched for location around the Liverpool area, followed by Crosby & Maghull
• The average asking price for a home in Liverpool is now £208,120, while the average asking rent is £1,000 per calendar month:
  • Average asking prices are up 4%, while average rents are up 7%
• A bigger proportion of renters are looking to move away from Liverpool in the search of cheaper rents further from the city, while a bigger proportion of buyers are looking to stay
• See the most viewed home near Liverpool last month: https://www.rightmove.co.uk/properties/129007829#/?channel=RES_BUY

New data from the UK’s biggest property website Rightmove reveals the latest trends in the city of Liverpool and its surrounding areas as the city hosts the Eurovision Song Contest.

Formby is the most searched for location to buy a home around the Liverpool area, followed by Crosby & Maghull.

The average asking price for a home in Liverpool is now £208,120, while the average asking rent is £1,000 per calendar month.

Average asking prices for a home have risen by 4% in Liverpool over the last year, while rents have risen by 7%.

A bigger proportion of buyers are now staying in cities like Liverpool compared with last year, while a bigger proportion of renters are looking outside of cities to find a cheaper place to live or get more for their money further out.

Nearly two-thirds (64%) of would-be buyers living in Liverpool are enquiring to see homes within the city, compared to 61% last year.

In contrast, while 65% of renters living in Liverpool are looking to move within the city, this is down from 67% last year.

The most viewed home near Liverpool during April was in Formby: https://www.rightmove.co.uk/properties/129007829#/?channel=RES_BUY

Rightmove’s property expert Tim Bannister said: “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.”

ENDS