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Liverpool Echo
Liverpool Echo
National
Abigail Nicholson

Area of Liverpool is most 'in demand' home hotspot in North West

One area of Merseyside has been named the most 'in demand' for homes in the North West.

New data from property website, Rightmove, reveals Kirkby is the new buyer demand hotspot in the North West for January.

Buyer enquiries for properties in the town more than doubled in January compared to last year, while average asking prices have risen by 11.9% annually.

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The average asking price for a home in Kirkby was £127,787 in January 2022.

Kirkby came ninth on the list behind Corsham, Wiltshire, Prestwick, Ayrshire and Hope Valley in Derbyshire.

Asking prices in the top 10 hotspots rose by an average of 7.9% annually, in line with the national average of 7.6% in January, however price movements in each area have varied over the last year due to differing supply and demand dynamics during the pandemic.

Tim Bannister, Rightmove’s Director of Property Data said: “The variety of locations in this month’s buyer demand hotspots really mirrors what we’re seeing at a regional and national level, which is high buyer demand in all areas of Great Britain at the start of the year.

"While the hotspots suggest a home by the coast is still high on many buyers’ priorities, the demand in urban areas like Leicester City Centre, or areas in commuting distance from the centre of cities like Liverpool and Manchester, suggests others are prioritising being near to their workplace or city amenities.

"Whilst price movements have varied across these areas reflecting their differing supply and demand dynamics over the last 12 months, it’s clear that right now the demand for properties in these locations is strong as we move in to the 2022 spring selling season.

"The London picture certainly looks very different than a year ago, when further lockdown restrictions dampened some demand to live in the capital. To see enquiries nearly doubling in some areas of London demonstrates how much it has bounced back in popularity over the last year."

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