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

May 11, 2023
Love or Hate Rightmove
  • 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.”

 

Most searched for locations around Liverpool
Formby
Crosby
Maghull
Woolton
Aigburth
West Derby
Huyton
Allerton
Childwall
Kirkby

 

Rightmove

UK Property news updates shared directly from Rightmove PLC - the country's leading property portal.

You May Also Enjoy

how to present your property for sale
Breaking News

Property values hit £300k for first time

The latest Halifax House Price Index for January 2025. On a monthly basis, house prices increased by 0.7% between December and January, reversing the decline of -0.5% seen between November and December of last year.   Annually, house prices were up 1% versus this time last year, with this annual rate of growth accelerating when…
Read More →
Breaking News

Average UK house price rises at the start of 2026

• House prices increased by +0.7% in January, following a -0.5% fall in December • Average property price is now £300,077, rising above £300k for the first time • Annual growth at +1.0%, up from +0.4% in December • Regional differences in house price performance have become more pronounced   Amanda Bryden, Head of Mortgages,…
Read More →
Estate Agent Talk

London basements boost value by up to 20%

The latest market analysis by prime London property brokerage, Jefferies London, reveals that London homebuyers who want to secure a property with a basement face a tough task. Not only do these much sought-after spaces increase a property’s value by up to 20%, but they’re also incredibly rare, found in only 2% of the capital’s…
Read More →
Breaking News

Bailey applies the brakes but ‘two more 2026 cuts priced in’

Vote to hold rates ‘closer than expected’ as Bank of England eyes April for 2% inflation target Focus turns to US and Japan in impact they play on shape of global investment flows says Rathbones’ Head of Market Analysis Kirsten Pettigrew, Senior Financial Planner, warns of making financial decisions based on speculation around rate trajectories…
Read More →
bank of england interest rate
Breaking News

Bank of England to hold interest rates at 3.75%

Following the Bank of England’s decision to hold interest rates at 3.75%, here are some thoughts from the Industry. Matt Smith, Rightmove’s mortgages expert says: “Today’s Bank Rate hold was widely expected given underlying inflation and wage growth data, and it’s currently likely we’ll see the next Bank Rate cut in June. Average mortgage rates…
Read More →
Breaking News

Building Safety Approval Process Urgently Needs Fixing

Bradley Lay, a Leading Construction M&A Expert Calls on Government to Urgently Fix Building Safety Approval Process as Insolvencies Surge A leading UK construction expert has called on the Government to urgently reassess the Building Safety Regulator (BSR) approval process, warning that delays in the current system are “slowly killing the economy”, triggering thousands of…
Read More →