According to new data from Strike, the number of offers accepted on homes in Liverpool in 2020 was up 53% year on year despite the two national lockdowns
Whether you’re buying or selling, it’s no secret that 2020 has been a strange year for Liverpool’s property market.
House hunters, homeowners and first time buyers have all noticed the ‘mini boom’ that’s been felt across Liverpool’s property market this year.
Despite so much uncertainty, buyers have continued to snap up properties almost as soon as they come on the market with plenty of buyers looking to move fast.
The housing market in England reopened on May 13 – and there was uncertainty among estate agents and buyers alike as to how the industry would truly be affected by the continued pandemic.
While some anticipated the ongoing crisis would dampen the mood for moving, the opposite actually turned out to be true, with a huge surge in demand across the board.
Even after two national lockdowns this year, the number of offers accepted on homes in Liverpool in 2020 was up 53% year on year, according to new data from the free online estate agent Strike.
As well as this, despite a seven-week property market freeze and multiple lockdowns, viewing requests for properties in the city also rose by a staggering 46% compared to 2019.
Strike analysed HMRC Land Registry data to reveal the top five hotspot postcodes in the region for home buyers and sellers in 2020. They include: L31 1 – Kirkby, L36 4 – Huyton with Roby, L12 0 – West Derby, with Croxteth Park, L1 6 – City centre, and L25 5 – Woolton.
A monthly breakdown of the figures shows that July was the busiest month for the property market, with Strike reporting a 112% rise in offers accepted in Liverpool compared to the same month in the year prior.
Likely a result of the unbelievable demand for homes, house prices also jumped in the city this year. According to Rightmove data, Liverpool house prices increased by 4% to an average price of £170,932 in 2020.
Strike has also analysed HMRC Land Registry data of all property transactions in the Liverpool postcode area this year to reveal the top five hotspot postcodes for home buyers and sellers in 2020.
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