Liverpool drives the North West’s capital growth with £14.2bn GDP. According to a recent Zoopla report, the city ranks among the UK’s top 10 cities for high rental yields. Property prices here are lower than in London, Birmingham, and Manchester, averaging around £176,000 per HM Land Registry. Strong rental yields attract investors worldwide.
Liverpool has over 274,000 workers, with just over 1,600 rental properties available. This presents solid buy-to-let opportunities for savvy investors.
Learn More: If you’re considering property investment in the UK, browse our guides on building a buy-to-let portfolio and buy-to-let property in London.
A Savills market forecast predicts a 20.2% rise in property values in Liverpool and the North West over four years. Rents are expected to climb 10% by 2026 due to high demand.
In addition, the city has four world-class universities, a host of other colleges, and a significant graduate retention rate. As such, buy-to-let investors have a substantial young demographic to appeal to, particularly with city centre apartments close to campuses and job opportunities. This is reflected in a recent Shawbrook Bank study that suggests city centre apartments will be lucrative investment opportunities due to their proximity to city-centre jobs.
Liverpool’s economy is booming, growing at a 20% rate, surpassing London’s development fivefold. In 2023, forecasters expected Liverpool’s economy to grow by £14.4 billion by year-end.
With a new £30m full-fibre broadband network, Liverpool attracts global and domestic companies, with many start-ups and independent businesses now making their home in the Baltic Triangle and Knowledge Quarter.
Further Reading: If you want to know more about Liverpool property investment, check out our guide on new build developments in Liverpool. You may also like to read our article on renting out a property for the first time.
