Liverpool’s property market offers high rental yields, strong economic growth, and high demand for property.
Liverpool is known for affordable property investment among investors. The city has one of the best property investment opportunities in the whole country. If you take into account the property prices, rental yields, and capital growth, you will easily see that investing in Liverpool’s property market, can never really go wrong.
Liverpool offers very affordable property prices, which is attractive for every single investor. While the average price in the northwest is up to £215.000, the index of property for sale in Liverpool is as low as £185.000.
Investors get a high return on investment while paying below-average prices.
While it’s still affordable, the property prices in Liverpool are not the same. The city has seen a 13.93% increase in average property prices.
If you buy a property for sale in Liverpool in the current scenario, chances are your capital will drastically grow in the upcoming few years.
One of the most attractive qualities of Liverpool’s property market is its ability to grow. Prospective investors are trying to get their hands on the best deals and secure the best options Liverpool has to offer.
The growing rental market is one of the reasons why property investments in Liverpool are thriving. The population is increasing with the demand for high-quality housing options.
Liverpool has a developing buy-to-let market, which leads to the city’s title as “Best Location for Buy-to-Let Yields”.
In addition to this, the city has a booming student rental market. While the city has a shortage of student accommodations, the demand for student housing is very high.
Investors have a unique opportunity to enter the property investment market and make use of this situation.
Liverpool has been steadily developing in the last 20 years. The boom in the property industry is a result of the city’s growing economy. Liverpool is one of the Northern Powerhouse Cities, therefore the city is home to several thriving industries. Liverpool’s focus to become a successful start-up scene has resulted in the city’s innovative reputation that brings multiple international enterprises to the city.
An increase in international investments in boosting the investment platform in Liverpool. In 2019 Liverpool received one of the largest foreign investments in the UK. This positive trend is creating many jobs, therefore more people are coming to Liverpool and this creates high rent demand. Property investors can use this opportunity to invest in the property market while it’s still affordable.
As we already mentioned Liverpool’s property prices are growing faster than anywhere else in the UK, so there will be fewer and less affordable opportunities for investors.
Thriving property investment in Liverpool is created by fast economic growth. In 2016 Liverpool’s economy grew faster than any other city in the region. Of course, economic growth has a huge influence on the property market. Economic growth has a positive effect on the housing market as well as commercial real estate.
Investors might fear that this is a temporary hype that will eventually decrease, but if you take a closer look at different variables that affect the property market, you will see that property investment in Liverpool will only become more lucrative. Here are some of the most important factors that influence property investment in Liverpool:
Liverpool’s population counts roughly 70,000 students and the city is named one of the best student cities in the UK. The student population creates a high demand for student housing and temporary accommodation.
The success of Liverpool’s leading universities and the city’s good reputation among students is a sign that Liverpool will welcome more students in the future. Property investors have the opportunity to invest in student accommodation and student housing blocks.
This is a great option that offers affordable prices and high rental yields. Prospective investors can choose between student and residential property investments. Both options boast high rental returns and increasing demand.
Liverpool’s growing economy has the biggest influence on the city’s thriving property investment market and is the guarantee that property investors can expect strong capital growth.
Liverpool’s economy is created by multiple local and international companies operating in the city. The most successful business sectors in the city include finance, banking, retail, insurance, and tourism. Liverpool’s port is one of the biggest contributors to the city’s economy.
The construction of Liverpool 2 increased the capacity of the port and now it can handle almost 4 times more containers. This change has a very positive influence on Liverpool’s economy and the city’s prospects.
The city has plans to overcome the challenges caused by the Covid-19 pandemic. A £1.4bn plan to restart the economy of Liverpool has a clear vision of how to help the city and business sector bounce back. The five-year plan is a hopeful sign for investors who are planning to invest in Liverpool.