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Should You Consider Buy-to-Let Investment in Liverpool in 2024?

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    Is Liverpool's Buy-to-Let Investment Worth Your Attention in 2024?

    When it comes to buy-to-let investment, it pays to know as much about a location’s potential as possible. If you’re focusing on the UK, you’ll need to know about some of the major cities and how they look compared to the rest of the country. This can help you narrow down your investment search.

    A recent article from the Times dubbed the Liverpool docklands as the best place to buy property in 2024, partly due to regeneration potential.

    Therefore, we’re looking at the Liverpool economy and regeneration projects to see whether the North West city is worth a second look for buy-to-let investors.

    Find Out More: Explore some more articles for property investment insights, facts and figures, including our guides on how to buy a buy-to-let property and reasons to invest in a buy-to-let in 2024.

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      Liverpool Building

      How Does the Liverpool Economy Look in 2024?

      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.

      What is a Good Rental Yield? Find Out in Our FREE Guide

      How to calculate rental yields, plus which UK hotspots offer the strongest rental returns.

      How Could Investment & Regeneration Affect the Liverpool Buy-to-Let Market?

      Liverpool’s investment and regeneration landscape at a glance:

      • Liverpool Waters (£5.5bn)
      • Knowledge Quarter (£2bn)
      • Liverpool 2 Superport (£1bn)
      • Everton F.C. Stadium (£800m)
      • Merseyrail Network (£710m)
      • Pall Mall Corporate Zone (£200m)
      • Baltic Triangle (£190m)

      Several expansive regeneration projects are currently investing £14bn in Liverpool, transforming key areas of the city.

      These projects are expected to increase employment opportunities, improve housing, and upgrade corporate and commercial spaces across Liverpool. Such strategic investment is likely to raise the value of residential property in surrounding areas, as seen in other UK cities.

      For example, property values in Salford, Manchester, have reportedly increased by over £100,000 in some instances since the opening of Media City in 2010. It’s possible that once completed, the main regeneration projects in Liverpool could surpass Media City in scale and projected value. Some buy-to-let investors believe this could positively impact the local property market. If you are looking for other long terms investments, we have created some useful guides.

      For more North West-related property investment insights, see our buy-to-let area guides, including:

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      Dale Barham

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      Dale is a property content writer at RWinvest. Keeping a close eye on the UK property market, Dale helps our readers stay informed and up to date on the latest market news and statistics.