Where next to invest? We profile the world’s top property hotspots, detailing everything an investor needs to know.
House prices in Liverpool city rose 7% year-on-year in 2016 (Hometrack).
Bootle, Merseyside is the #1 buy-to-let hotspot in the UK with 9.3% yield (Rightmove).
Interest in Liverpool property rose over 60% on TheMoveChannel.com in 2016 compared to 2015.
Where is it?
One of the largest cities in the UK, Liverpool sits in the county of Merseyside in the North West of England. It’s a long way from London, but the region is the country’s fastest-growing economy, a major hub for business, tourism, and, of course, football.
Voted “Britain’s Friendliest City” by Condé Nast Traveller, the area is a popular tourist destination and, as the place that gave the world The Beatles, is a major part of the UK’s cultural history.
Who lives there?
The population of Liverpool has grown significantly over the last decade, fuelled by a rising number of younger professionals. With the Northern Powerhouse promising to boost Liverpool’s already expanding economy, more young professionals are expected to move to the city. Post-graduate students are also increasingly staying in the area after finishing their studies. As a result, the demand for accommodation is increasing, prompting a wave of investment in regeneration and development across the city.
Liverpool’s strong economy and expanding population mean that demand for property is outpacing supply. As a result, rental income is strong, making the market extremely attractive to buy-to-let investors. Bootle in Merseyside currently offers a buy-to-let yield of 9.3 per cent, according to Rightmove and The Mitula Group’s latest research, the highest in the country.
Property values are rising too, with Liverpool recording the UK’s fastest house price growth in the final quarter of 2016, according to research by Hometrack. In 2016, Liverpool city prices rose 7 per cent annually in 2016, one of the 10 strongest cities in the country.
Near-double-digit rental yield and long-term capital growth are the backbone of Liverpool’s appeal to investors. The weak pound has only reinforced the city’s attractiveness, with property values still significantly below those of London.
With spending on regeneration surpassing £1 billion in recent years, areas such as the Albert Dock have become flagships of the city’s new face. With a £39 million regeneration of Lime Street underway in 2017, Liverpool’s infrastructure improvements are only topped by its residential and commercial development, with everything from waterfront apartments to student accommodation being constructed.
With new-builds springing up across the market, buildings with unique and historical roots in the area are increasingly sought-after. In the last year, for example, there has been strong interest in the historic building at 8 Water Street, which is undergoing redevelopment into 96 residential units, preserving its original architectural vision while adding a roof garden with stunning views of the city. Demand from tenants is expected to be high.
Liverpool property attracts investors from the UK, the Middle East, China, Singapore, Thailand and more.
“Economic growth, rising house prices, strong rental demand, ongoing regeneration. Liverpool is one of the most exciting, and most rewarding, places to invest in the UK.”
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