Liverpool is undoubtedly one of the best places to buy property off the plan in 2021 and beyond.
One of the biggest benefits of buying off-plan property is that you gain access to below-market rates.
With property prices in Liverpool already being some of the lowest in the country, investors can secure some amazing deals.
For instance, properties like the upcoming development, ELEMENT – The Quarter, have prices starting from just £74,950.
That’s almost £100k lower than the city’s current average asking price of £177,647, according to Zoopla.
Rental yields in Liverpool are some of the highest in the UK, while capital growth is also booming.
If you’re worried about finding tenants for your off-plan property, Liverpool is the perfect city to invest in.
The population of students and young professionals is high in Liverpool, which is a good thing for those who own off-plan property.
Young people are generally more drawn to new-build homes as they prefer the modern look and design of the properties.
Off-plan homes are entirely brand new and are classed as new builds, which means they are more eco-friendly – a desirable factor for young renters.
- Rental yields of up to 10% in the L1 postcode.
- 28% property price growth predicted for the North West region by 2025.
- Affordable property prices are made even lower by off-plan deals.
- A high population of students and young professional tenants means high rental demand.