If you are knew to investing in property in Liverpool, you will be pleased to heat that there are many benefit to Liverpool Property investment including high rental yields, a thriving student market and good quality of life.
High Rental Yields
Liverpool has some of the most spectacular investment property for sale in the UK, with some of the best rental yields. It’s easy to see why Liverpool is regarded as a top property hotspot because rental returns are an important aspect of any buy to let property transaction. The average rental yield in Liverpool is over 5%, with some buy-to-let locations in Liverpool, such as the L1 postcode, reaching even higher levels of up to 10%. These yields are unsurprising given Liverpool’s low property values, especially when compared to the city’s rising rental expenses.
Property Prices in Liverpool are Increasing Rapidly
The Northwest is noted for having some of the country’s fastest-growing housing costs. Liverpool property prices climbed by 45.7 percent between June 2010 and June 2021, according to Land Registry data. Between June 2018 and June 2021, average property prices in Liverpool grew by 26.3 percent. With robust Liverpool home price estimates soon, it’s evident that the city’s property values aren’t going anywhere.
Liverpool’s Economy Has Expanded Rapidly
Merseyside’s economy grew at a pace of 3.1 percent in 2016, quicker than any other large city region in the country, according to the Office for National Statistics. The city’s status as a magnet for national and international investment will only enhance because of the city’s regeneration efforts. As a result, people looking to invest in Liverpool in the next years will be even more interested.
Liverpool Offers Residents an appealing lifestyle
Liverpool has lots to see and do, with galleries, museums, an iconic waterfront, legendary nightlife, Premier League football at Liverpool and Everton, and a UNESCO World Heritage Site. Liverpool is a bustling and innovative city that is open 24 hours a day, making it one of Europe’s top locations to visit. Residents are known for being kind and down-to-earth, and the city has plenty of greenery, including Sefton Park, Palm House in the heart of the city, and Calderstones Park, which has a Japanese Garden and a miniature railway.
The Student Rental Market in Liverpool is thriving
While the buy-to-let industry in Liverpool is strong, student housing is the fastest expanding segment of the market. The University of Liverpool, Liverpool John Moores University, Liverpool Hope University, and Edge Hill University, all world-renowned universities in Liverpool, generate around 30,000 graduates each year. Due to a growing number of student tenants looking for excellent housing in the city, investors should expect good returns. There is considerable demand for rental property, with roughly 15,000 student beds, providing investors with a great rental market for their buildings. Demand is only expected to rise as a growing number of students choose to study in the city, and there is still a housing shortage. Investors will benefit greatly from shared student housing, which is in high demand in areas like as Kensington and Toxteth.
The City Continues to Be Transformed by Investment
Liverpool has seen remarkable upheaval and rebuilding in 2 decades. A £5 billion investment as part of the Liverpool Water plan is transforming Princes Dock. The port will be able to take 95 percent of the world’s largest ships thanks to a £400 million Deep Water Terminal, and there will be a total investment of over £1 billion in port and infrastructure to assist Liverpool take advantage of its proximity to four of the world’s top six shipping lanes.
Liverpool will deliver some of the UK’s most ambitious infrastructure projects over the next decade, including the Liverpool2 deep water port terminal (phase 2), the £9 billion Liverpool Waters and Wirral Waters mixed-use development, the New Royal Liverpool University Hospital and Health Campus, and the transformation of North Liverpool, Ten Streets. Each of these developments creates jobs and improves the city’s liveability, opening a range of property investment prospects in Liverpool.
The Liverpool City Region Combined Authority has received over half a billion pounds in additional funding from the government, including £173 million in Transforming Cities Funding to improve transportation within the city region and a share of £300 million to connect Liverpool to the HS2 network, which will further connect Liverpool to the north and beyond.
Liverpool is well connected, with ten highways, ten rail-connected terminals, and two major airports, one of which, Manchester Airport, is only 30 minutes from the city centre. Liverpool is a two-hour rail ride from London Euston and is adjacent to Liverpool John Lennon Airport, which has international flights. From 2018 to 2019, there was also a 77 percent increase in the number of properties listed on Airbnb.
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