Liverpool Council to Hike City Centre Parking Fees | RWinvest Skip to content

Liverpool Council Proposes City Centre Parking Charge Hike

Don’t miss out on the best new investment deals. Enter your details now to sign up to our mailing list and receive exclusive information straight to your inbox.

    Liverpool Parking Fees to Rise by Up to 60%

    Liverpool drivers are likely to be hit with steep parking rises in 2025.

    According to a report from the Liverpool Echo, Liverpool council is planning to raise the cost of on-street parking in the city centre by as much as 60% in the next year. Liverpool’s status as a tourist hub has already put a strain on supply of available council-owned parking spaces in the city centre, leading the council to look for ways to encourage the use of other transport methods or private parking.

    This will be the first review of parking charges in over ten years by the council. The plan will see charges for on-street parking in the city centre rise by 60%, while off-street parking charges will go up by nearly 50% and multi-story parking at council-run facilities will increase by just under 40%. They plan to bring these new charges into use from March 2025.

    The North West Region Is Forecast to See the UK's Highest Five-Year Capital Growth Rate in 2025 and Beyond!

    Read more about this in our guide to the latest Savill's Residential Property Market Forecast and learn which UK regions to consider for buy to let investment.

      Parking spaces at an investment property

      Liverpool Parking Spaces are Becoming a Valuable Commodity

      This proposal from the council demonstrates the ever-rising value of convenient parking in Liverpool City Centre.

      As the costs of public parking increase, it is becoming continuously more essential for city centre dwellers to have access to a private parking space. For this reason, at RWinvest we offer onsite parking at our projects – a must-have for the modern renter, and an extra source of value for buy-to-let investors.

      These spaces are set to increase greatly in value over time, especially as the supply drops and demand increases. And with over 41 million vehicles now on UK roads—the highest number since records began, with this number expected to continue to increase—the demand for secure, affordable city-centre parking has never been higher.

      Previous studies have also found a link between a property having a dedicated parking space and higher value, with one survey finding that a parking space can add £73,000 on average to a property’s value compared to those without.

      RWinvest’s latest off-plan property launch, SoapWorks, is located in the Pumpfields regeneration district of central Liverpool, offering easy access to all of the city’s attractions and amenities. The underground car park means residents can enjoy secure parking in the city centre, adding to the appeal of the apartments for renters and helping encourage long-term value for investors.

      The UK Property Market in 2025 - What's Predicted?

      Learn whether 2025 is a good year to invest with our key predictions for the year ahead, as well as a look back on 2024 and how the market performed. Download your essential guide now!

      Costs Will Rise for On-Street Parking & Council-Owned Car Parks

      The council’s proposed hike to parking costs in 2025 is part of a strategy aimed at encouraging motorists out of their cars and onto public transport.

      The council has stated that this increase in parking charges will bring Liverpool’s fees into line with other major cities, and is only the second rise in over a decade.

      A BBC article notes that if approved, this price hike will cause on-street parking to go up from £1.20 to £2 for 30 minutes. Parking at council-owned car parks will also become more expensive, with an hour at the M&S Bank Arena multi-storey set to rise from £2.40 to £4.

      Plans to extend on-street parking charges beyond 6pm could be introduced next year as well, having been on hold for two years. In addition, fifty-two new enforcement staff will be hired to ensure compliance with parking rules around the city.

      Avatar photo
      Author

      Jessica Ferris

      LinkedIn Logo Muck Rack Logo

      Jessica Ferris is a property writer at RWinvest, helping our readers stay ahead of property market trends with the latest news and statistics.

      Want to Get in Touch?

      Fill in the form to contact us today and a member of our award-winning property team will be in touch to help.

        It will be my third investment apartment with RW Invest and I cannot recommend them highly enough. Sean Orrett and Chloe Walker really do go the extra mile. Chloe in particular helped me through a particularly hard time with solicitors and all the paperwork that was involved. Living in a different country and negotiating all the nuances that come with investing, she negotiated with ease and gusto. A big thanks to you both.

        Margaret Wiele

        Daniel Stewart, has assisted me every step of the way. This is my first property purchase and so took Daniel up on his offer to guide me through every step no matter how small. I felt comforted to have his assistance in documents I needed to both understand and sign. Couldn't be happier with the help and customer care I have received so far.

        Nathan Saxon

        We highly recommend RW Invest to anyone looking for an experienced, reliable and knowledgeable professional company.
        We are more than delighted with their services throughout the entire process. They provided us with extremely helpful advice and guidance every step of the way and ensured that we understood all aspects involved in securing a property through them.

        Stephanie Chidlow

        Chloe is very helpful. She has been a great help and solved all the difficulties I had with the purchase. I am happy she was there to help with the process. Very approachable and responsible.

        Muhammad Atif

        This was my second unit purchase with RWinvest, and I found the team to be very helpful in finding the best deal which suited my needs and budget. Arjun Surana, Adam Burns were really processional in answering all questions, Excellent follow up and ensures your property purchase are smooth from the start to end and supporting throughout the purchase/exchange of contract process.
        I highly recommend anyone to purchase their property with RWinvest.

        Dhote

        Arrow left
        Arrow right
        Disclaimer Image
        Liverpool Investment, UK