"Cities like Liverpool have become more popular with buyers again as people find a balance between flexible working patterns and being near office space and the amenities of a large city"
A new market analysis from Rightmove shines the spotlight on the host of this year's Eurovision Song Contest, Liverpool, and highlights trends in the city and its surrounding areas.
According to the data, 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.
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:
Rightmove’s 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 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.”
