Liverpool Housing Prices
With the population of Liverpool steadily increasing, housing & rental accommodation demand is accelerating. In 2020, Liverpool saw a 32% year-on-year increase in buyer interest and offers accepted rose by 77%. It was also named the 3rd best UK area to invest in buy-to-let properties, just behind Manchester & London!
Despite this boom, prices have remained affordable with a 2/3 bed house averaging £100-130K. Average yields sit comfortably at 6-7.5% in good rental areas, making Liverpool one of the most profitable buy-to-let markets in the UK.
Economy
Liverpool has seen billions of pounds of funding to improve the city and is set to see billions more. This includes a £ 5 billion investment to transform the Princes Dock, future investments include £ 9 billion into the Liverpool2 deep-water terminal and the Liverpool & Wirral waters mixed-use development.
Liverpool’s property market generates an approximate year-on-year rental growth of 2.65%, with rent prices currently sitting at £878PCM on average. Savill’s also projects that from 2019-2024, property prices will have increased by 24% in the area.
Tourism
Liverpool is a tourism hotspot, with attractions such as the Royal Albert Dock bringing in a constant influx of tourists. The city is known for its unique architecture and world-class shopping districts which consistently attract new people to the area.
Liverpool is a constantly evolving city, with new high-quality restaurants and businesses popping up on a regular basis – making the city appealing for repeat holiday breaks.
A cruise terminal is also in operation, becoming an instant favourite for tourists.
Culture
In 2008, Liverpool was voted the European Capital of Culture. As the birthplace of The Beatles, Liverpool’s significant cultural impact is undeniable.
As well as the impactful music scene, football plays a monumental role in Liverpool’s culture and economy. Liverpool FC grew the city’s economy by a huge £497 million GVA from 2017 to 2018.
Liverpool is known to have the most museums and art galleries outside of London. ‘National Museums Liverpool’ is made up of 8 venues attracting millions of visitors annually – as well as constantly changing exhibitions, there is a permanent planetarium and aquarium on offer.
Best Buy-To-Let Areas in Liverpool
At Gigi Estates,
hb we always know which areas are good for investments and which should be avoided. We have three or four preferred areas in Liverpool with high demand and great potential for capital growth.
To help us decide which of these areas would best suit your investment interests, setup a free consultation with our team. They will be able to recommend which areas of Liverpool would best suit you. We can then contact you about any relevant properties that you might want to invest in. We’re always looking to streamline our process, and this saves our clients a lot of time, so please have a look today.
Travel in Liverpool
Liverpool has many transport links that allow people to get in and around the city very easily. Liverpool has two main train stations: Liverpool Lime Street and Liverpool Central with direct trains to both Manchester and London. As well as this, Liverpool has a its own Merseyrail which spans across the whole of Liverpool. This service includes 68 stations and 78 miles of track, it even has four underground stations in the centre of the city!
As Liverpool is a city by the sea, there are many ferries that arrive into the city, bringing in materials and revenue to the city and also easy transport links to the Isle of Man and Ireland.
Liverpool John Lennon Airport is also accessible from the city centre and transports around 5 million passengers a year. Therefore, all of these travel links make Liverpool very accessible to the rest of the country, driving more people to move there.
Education Hub
As voted as the 2nd best city to live in for students in the UK recently, it’s no wonder that Liverpool is full of students. It is estimated that there are about 70,000 students in Liverpool and that number is set to grow. With three universities: University of Liverpool, Liverpool John Moore’s and Liverpool Hope along with drama schools such as LIPA (Liverpool Institute for Performing Arts), Liverpool attracts many young graduates to the city, thus driving up rent demand.
First Time Investors
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Experienced Investors
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