10 reasons why you should be investing in Liverpool’s property market.

10 reasons why you should be investing in Liverpool’s property market.

October 24, 2018

Liverpool is proving fertile ground for property investors, here are 10 reason’s why

This article takes a closer look at the key reasons why Liverpool is attracting so much interest and investment in to it’s property market. Prices in Liverpool are currently increasing at a rate higher than London and here are Opulent’s reasons why.

  1. Property prices are growing. According to Hometrack, in the past 12 months, Liverpool recorded the second highest rate of growth experiences in the UK, second only to Manchester. In the 12 months, preceding February prices in Liverpool grew at 8% per annum way above the national average.
  2. Liverpool recorded the highest increase in the number of property sales anywhere in the UK. In the last 12 months, there has been an increase of nearly 10% in the number of property transactions in Liverpool compared to a decrease of 7.5% in London.
  3. A Transforming City. Liverpool is barely recognisable from 10 years ago. Money is being spent revamping the entire city, new housing developments, new commercial units, new roads, and infrastructure all mean that over the next 5-10 years the city will continue to attract more and more residents thus placing greater strain on the city’s housing market.
  4. Property Prices still 10% below their peak in 2008. Prices in Liverpool are still the lowest amongst any tier 1 city in the UK and still 10% below their peak before the credit crunch in 2008. This means there is still room for good growth and for investors to cash in on any upside in the Liverpool Property market.
  5. An Increasing Population. Liverpool’s population has increased by 5.5% over the past decade. More and more people are moving to Liverpool, and there is a high proportion of Liverpool’s student population who stay on and remain in Liverpool to begin their working lives. All of this is creating a knock-on effect on Liverpool’s property supply.
  6. Rental Prices are increasing year on year. Last year rental prices in Liverpool were growing more than any other city in the UK at 4% year on year. The average rental yield in Liverpool is near 6% which is higher than most other parts of the UK. The rental market is buoyant, and with a shortage of properties coming on to the market in Liverpool the situation is expected to intensify.
  7. The increase in the number of Businesses starting up in Liverpool. More and more new companies are being formed in Liverpool these days in particular within the city’s flourishing digital sector.
  8. The increase in the number of students. There are currently approx. 70000 students in Liverpool across 5 universities. This number is expected to grow over the next five years as Liverpool continues to invest in its university facilities.
  9. Access to Government Funding. Liverpool is now the beneficiary of much more government funding than it has had in the past, the funding is already beginning to transform the city and will continue to do so for the foreseeable future.
  10. Increased interest from Overseas. As well as attracting a lot of interest from UK-based property investors, of late it seems investors from all over the world, in particular, the Far East are heavily investing in Liverpool’s property market, increasing demand for property and subsequently increasing property prices in the city.
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