Liverpool is a thriving UK city full of opportunities and big plans for the future. If you are looking to start your property investment journey in 2019, Liverpool is easily one of the best choices. With hundreds of statistics and a proven track record of property investment successes, we look at why you should invest in Liverpool in 2019.
The average rental yield in Liverpool is around 5.05%, far higher than cities like London which has an average rental yield of 3.05% and Southampton which is 3.55%. In a further study on the best UK city to be a landlord, Liverpool has one of the highest average rental yields in the country, with the national average yield standing at around 3.6%. Liverpool also has an average rental price growth of 2.65% too. Many people have found investing in Liverpool to be a highly profitable venture, with new build properties that have guaranteed buy to let yields in strong demand providing an excellent return on investment.
Affordable Property Prices
Liverpool’s incredibly low property prices are a huge reason to invest in the city, making it an affordable option for both first time investors and those looking to grow their portfolio. Many people wonder is buy to let worth it 2019, especially because 2018 was such an uncertain year for the UK property market. However, with a lower cost of entry, the Liverpool Property Market 2019 has in store can provide a lower risk investment strategy. Investing in Liverpool couldn’t be easier, there are so many opportunities out there for savvy property investors, and because of these low Liverpool property prices, it may be much more affordable than you think.
The average price of a house in the UK is now around £217,000, compared to the far lower average Liverpool property prices of only £130,000. These low house prices allow investors to get far more for their money compared to other areas, especially in the South, like London, where average property prices are around £480,000, or Oxford where they’re around £411,000. Investors have been discovering that for the price of one London property, they could get a couple of comparable properties in Liverpool, with higher yields too. With low property prices and high rental income, Liverpool is one of the best locations for buy to let investments in the UK.
Rising House Prices
Another reason you should plan to invest in the Liverpool property market 2019 is because of the huge increase in prices the city has seen over the past year. In August 2018’s UK Cities House Price Index, Liverpool had the highest house price growth out of all of the recorded cities, at 7.5% over the last 12 months. At the same time UK average house price growth was 3.6%, less than half the Liverpool house price growth rate.
Liverpool property investment is becoming one of the strongest property markets in the country, with varied investment opportunities, from off plan PBSA developments to high end converted warehouse apartments. With Brexit on the horizon and a year of sluggish property price growth in 2018, Liverpool far outperformed other cities, proving it is truly exceptional in that regard. The North West continues to outperform other regions in terms of house price growth, making the Liverpool property market 2019 an attractive prospect.
Thriving Student Population
Another major factor in Liverpool’s rental market appeal is its huge student population. Liverpool has a long reputation for academic excellence, with the University of Liverpool dating all the way back to 1903. The city is also home to Liverpool John Moores University, Liverpool Hope University, LIPA, and Edge Hill University, all of which have thriving student populations. Liverpool is home to over 70,000 students, and the strong demand for accommodation for them is set to continue. With a high student retention rate, these recent graduates and young professionals are perfect tenants for high-end, modern city centre apartment buildings.
The Highest Rental Yields in the Country
Liverpool can also expect to boast the highest rental yields in the country, with two Liverpool postcodes providing buy to let investors with rental yields of almost 12%. In 2018, Liverpool had three of the top ten postcodes in Britain’s top-performing buy to let hotspots according to a recent study. The L7 postcode had rental yields of 11.79%, the L6 postcode had 11.52% rental yields and L1 had 9.36% rental yields – all way above the national average.
A City on the Rise
Liverpool has been totally transformed over the past few years, with a truly impressive rise. According to the council’s Liverpool Local Plan, there are currently £14bn worth of regeneration projects on site or in the pipeline, and in 2018, £1bn worth of schemes will be completed for a record fourth consecutive year. With targets to create 35,000 new homes, develop 370 acres of land and 38,000 new jobs, the city is striding forward into the new year.
New neighbourhoods like The Fabric District, The Baltic Triangle and Liverpool One are attracting fashionable new residents who are moving to the city for its increasing opportunities and vibrant city culture. Liverpool continues to welcome young professionals who are attracted by the new opportunities and jobs in Liverpool city centre, and major redevelopment projects like Liverpool Waters, Project Jennifer and the Knowledge Quarter are changing the city’s skyline too.
The Perfect Time to Invest
With property prices in Liverpool set to rise, it’s worth considering investing in Liverpool while property is still affordable. The range of properties, the unique appeal Liverpool holds, its impressive rental yields and affordable house prices all make Liverpool the perfect place for your 2019 property investments.