LIVERPOOL IS ON THE RISE. THE HISTORIC CITY HAS QUICKLY BECOME A MAJOR PLAYER IN THE UK ECONOMY, BECOMING VERY ATTRACTIVE TO STUDENTS, YOUNG PROFESSIONALS, TOURISTS AND INVESTORS BOTH DOMESTICALLY AND FROM AROUND THE GLOBE.
There is plenty to be excited about, particularly when it comes to investing in Liverpool. In recent years, the city has become a property hotspot and its booming market shows no sign of slowing down anytime soon.
But what is it that makes Liverpool such an enticing proposition, and how has it positioned itself as one of the UK’s key components?
Low House Prices
The words any property investor wants to hear. Despite showing the fastest growth in the last 12 months than anywhere else in the UK, Liverpool’s house prices still offer incredible value for money.
The Liverpool property market has been aided by consistent growth, and the numbers make great readers for property investors in the city. Over the last five years, the average house price has shot up by 25%; a £34,827 increase in real terms. The current average value of a property in Liverpool stands at £173,101, with the average price paid hitting £154,264.
Property investors in Liverpool don’t only benefit from favourable house prices. For their low starting costs, they can also enjoy rental yields that are among the best in the country. Leading property firms like RW Invest offer investors between 7% and 9% net rental returns on their investments.
Higher Education and Student Population
The University of Liverpool is one of the most reputable in the world, and its reputation precedes it both at home and abroad. Over 70,000 students are enrolled in the city’s higher education institutes, and their accommodation demands are increasingly being catered to by the private sector.
The changing face of purpose-built student accommodation (PBSA) has meant that universities are unable to keep up with costs. The private sector has stepped in to provide the high-end, luxury living space that the modern student not just demands, but also expects.
A big portion of Liverpool’s economy is perpetuated by higher education. Canny investor will look to a city like Liverpool and understand that with low starting costs, high yields and incredible demand, investing in Liverpool’s student property market is a can’t miss opportunity.
You can’t talk about Liverpool without talking about the myriad and extensive regeneration projects that are currently ongoing in and around the city and its wider region.
Helming Liverpool’s growth for the future is Liverpool Waters, the extremely ambitious £5.6 billion project that will reshape the city’s dockland areas beyond anything that could have been dreamed of only three decades ago.
A number of other regeneration projects are moored to Liverpool Waters, including huge efforts to improve roads, build new ferry terminals and improve railway links in the city and wider region.
A great deal of Liverpool’s regeneration plans and projects, particularly those in the city centre, are anchored to Liverpool Waters. The Ten Streets scheme will knit together some of the most famous and historic walkways of Liverpool. All in all, the rebuilt, reshaped and new look Liverpool will drive new residents, workers, tourists and world-famous events and attractions to the city. For property investors, more people equals more money, and Liverpool is due for a surfeit of both for a long time yet.
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