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Liverpool is thriving as a property investment hotspot

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Liverpool is thriving as a property investment hotspot

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The birthplace of the Beatles, the home of 2008’s capital of culture, and a place famous for world-class football, there are so many reasons that Liverpool stands out as a thriving UK city. One area that Liverpool has become well known for over the years is for property investment, with the cities property market being dubbed one of the best in the UK. So what makes Liverpool so special when it comes to property?

Liverpool attracts a wide range of people year after year, with one of the UK’s fastest growing city centre populations next to its Northern neighbour Manchester. Amongst the people choosing to live in Liverpool’s vibrant city, young professionals and students are a growing demographic, with the city being named one of the best places for young people to live. With an influx of young professionals in the city, many of which are moving up north from London, investors in Liverpool are benefitting from a high demand for quality rental properties.

Liverpool has a student population of around 70,000, with large numbers of people choosing to study at one of the city’s renowned institutions such as the University Of Liverpool and Liverpool John Moores. Student property makes one of the best property investment options, often offering more affordable prices than other types of properties along with high rental yields. Since there’s such a high demand for student accommodation in Liverpool, investing in this type of property is a good move, especially for first-time investors. Overseas students make up a large percentage of the student population in Liverpool, driving the demand for more luxury, high-end student accommodation. Property investment companies like RW Invest offer student properties in the city with low prices and rental yields as high as 8% thanks to students being more willing to spend larger rental costs on a well located, high-quality property.

Not only are Londoners choosing to move up north to buy or rent property, but a lot of investors are now looking away from the capital and taking advantage of what Liverpool has to offer. With London’s house prices averaging £484,173 and Liverpool’s average standing at just £130,677, those investing in Liverpool can purchase a number of different properties for the same price as they would for just one in London. More affordable properties don’t mean less return on investment either, with Liverpool boasting average rental yields of 5.05% compared to just 3.05% in London.

Investing in Liverpool’s property market is predicted to remain a strong venture for many years to come. By 2022, the north-west as a whole is expected to see an 18.1% house price growth, exceeding any other UK region. Liverpool has a promising outlook when it comes to capital appreciation, with multiple regeneration projects in the city helping to boost the economy. Amongst the most exciting regeneration projects for Liverpool is Liverpool Waters, a £5.5 billion development set to create a new city centre neighbourhood and bring new housing, employment opportunities and leisure attractions to the city.

 

Andy McGowan
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