For a lot of years now, Liverpool is a city that’s been on many investor’s radars. With some of the UK’s highest rental yields, most affordable property prices which are significantly growing in value, and high demand from a wide range of tenants, more and more savvy investors are getting involved with the Liverpool buy to let scene.
Demand is no doubt a huge part of any investment’s success, and one of the most popular groups of tenants in the UK which are driving demand for rental properties are young professionals. Many investors view young professionals as the most desirable tenant. Not only are this group actively looking for rental properties, but they’re also more likely to pay higher amounts in rent for properties that are well located, stylish, and modern.
In cities like Liverpool, with its many business opportunities and thriving graduate scene, there’s an abundance of young professional tenants seeking their next perfect property. In fact, demographic figures show that Liverpool’s population of young people is higher than that of England as a whole, with 42.3% of people under the age of 30 living in the city. So what is it exactly that attracts so many young professionals to Liverpool? And what does this mean for buy to let investments in Liverpool for 2021 and beyond?
We spoke to three young professionals that are currently renting apartments in the city centre of Liverpool to find out more about their renting decisions, and what they love about living in Liverpool.