Merseyside is a metropolitan county positioned in the North West of England. With a population of over 1.3 million people and an area of only 249 square miles or 645 kilometers, Merseyside County is the most densely populated county in all of England. As a result of these characteristics, particularly the fact that the county is a metropolitan area, an average Merseyside property is extremely expensive.
The majority of properties in English cities are expensive. Even with a drastic recession and an unstable real estate market, the property values for dwellings located in English cities remain high. Granted, the market has experienced price slashing, but the values for even the smallest of places still remains high. This pricing model can be made tangible through the evaluation of a Merseyside property. The smallest piece of property in Merseyside is a flat.
These one room apartments are usually purchased or rented by an individual; a flat contains one bedroom, one bathroom, and a small separate room. Although most of these dwellings are rented, a flat in the cities of the county will sell for nearly 100,000 Euros. An estate or even a multiple bedroom house on the outskirts of Merseyside will typically sell for over one million Euros.
The properties are highly luxurious, and usually updated to meet the modern requirements of today's world. The real estate market, in total, for Merseyside has experienced a fairly significant price cut over the last two years. As a result, many residents or prospective residents are opting to rent, so as to avoid susceptibility to a housing crash.