Investing In Liverpool Property
Liverpool property investment is a lucrative choice for many, and it has recently been recognised as one of the best cities in the country for buy to let property investment.
Our Liverpool Investment Guide looks at the many ways in which the city has transformed itself into a buy to let property hotspot and an international destination with mass appeal. With growing house prices, a strong student population and incredibly high rental yields, Liverpool property is an excellent investment, with some of the most affordable house prices in the UK. Liverpool’s economy is booming, with new businesses, new developments and massive regeneration schemes contributing to an economy worth over £121 billion.
The good news for investors is that Liverpool is the cheapest major city in the UK for property with prices that are predicted to rise another 5-6% in the coming year. In 2018 alone, the average house price rose by 5.3%. Six Liverpool postcodes feature in the top 25 buy to let areas. The likes of L7, L2 and L6 rank highly for rental yields and are almost a quarter of prices you’d come across in London. L7 has the second-highest rental yield in the UK at 9.79%, and L1 comes fourth at 9.33%. These are impressive figures alone but paired with the upcoming regeneration and restoration of Liverpool; it almost guarantees success.
Liverpool has seen a sustained period of significant growth, from its population to its international reputation, and the city has experienced a renaissance in many areas. More people than ever are looking for a rental property in the city, which is great news for Liverpool property investors who are benefitting from high rental yields of up to 10%. Huge projects like Liverpool One, the Knowledge Quarter and Liverpool Waters have seen unloved regions like the Baltic Triangle become some of the coolest neighbourhoods in the UK. Since 2012 there have been over £4 billion investment into new developments across the city. With £14 billion worth of schemes in the pipeline and over 270 major new projects planned.
The property prices are low, but the rental yields are high, which makes for a successful investment. Any investor thinking of investing in property in Liverpool may want to consider different districts which are in demand by potential local and national tenants. As the Liverpool Waters regeneration scheme adds new neighbourhoods, the demand for rentals will rise here. Similarly, there is also demand for properties in the likes of Edge Hill, Allerton and Childwall. These are especially popular with students as they’re considered top student hotspots.
Essentially, Liverpool has become a city reborn, particularly in the city centre. More university graduates are staying within the city, as Liverpool has one of the top graduate retention rates along with London, Birmingham and Manchester. Plus, working professionals are now choosing to rent in the city centre due to accessible public transport links and employment opportunities. As more developments emerge, the demand for buy to let properties throughout Liverpool continue to soar. There has never been a better time to secure your future and invest in a Liverpool property.