Invest in Liverpool? Find out 8 reasons to buy property in Liverpool

Why is buying property in Liverpool a great investment?

If you are planning to rent out your property for short or long-term stays, then it is important to buy in a popular area. This will ensure that you get a steady flow of tenants and a stable income.

In that case, buying property in Liverpool is a great option. Let’s take a closer look at why Liverpool is such a great place to buy property at the moment.

1. Liverpool has a strong, stable economy

Liverpool’s economy has been growing for years and now it is a real powerhouse in the north. In fact, the city is now the fifth-largest metropolitan area in the UK.

There are currently more than 254,000 people employed across the city and this figure is growing!

As a result, the area will constantly be developing and welcoming new industries. This means that people will continue flocking to the city for job opportunities.

Buying in a city with a thriving economy is incredibly important for the security of your investment. This ensures that people will remain in the area and this means that properties will be in high demand. So your property will hold its value if not increase in value over the years!

It also means that a lot of people visit the city on business each year. Many of them would prefer to stay in an Airbnb apartment, rather than a hotel. So you won’t struggle to rent out your home.

2. Liverpool is a hub of high-value industries

Liverpool’s industries play a key role in the city’s economic success. Thanks to its location and amazing universities, the city is home to a wide range of industries.

Many of these play a vital role in the national (if not global) infrastructure. For example, Liverpool is home to manufacturers such as Jaguar Land, AstraZeneca, and Nestlé Health Sciences.

The universities also attract global academic leaders. This is probably why you can find some of the most exciting start-ups from Britain’s young minds here. Each year the city hosts the International Festival for Business.

Liverpool is also a popular filming location and attracts teams from the TV and film industries.

A lot of people flock to Liverpool on business each year. Importantly, these are billion-pound industries looking to spend money on quality accommodation. So there will be plenty of visitors wanting to stay in your home for short and long periods of time.

3. Liverpool properties offer great value for money

Property investments require a certain amount of capital and this can put some people off.

However, Liverpool offers some of the best property prices in the country. So it isn’t hard to understand why these properties are in demand. In fact, in the last few years, buyer interest in Liverpool properties has increased by 32%.

When comparing Liverpool with other cities in the UK, it is important to think about what is on offer. You might find a cheaper property in another city that doesn’t offer:

• A broad range of industries
• A rich and diverse cultural scene
• Active football clubs that host international games
• Amazing transport links to the north and south
• An international airport
• Three fantastic universities

If you are looking for all of these factors, then your choices of UK cities will be much slimmer. And cities that do offer all of these amazing attributes tend to be much more expensive than Liverpool.

In London, for example, a two-bed flat costs upwards of £350,000 and an entire house can easily cost millions. In comparison, you can buy an end-of-terrace two-bed house in Liverpool for £125,000.

So you will need to save up a lot less to buy property in Liverpool.

4. Liverpool offers amazing rental yields

Liverpool has been named the best UK location for buy-to-let yields.

Its average rental yield is around 5% (compared to London’s 3%). This is probably thanks to the high number of renters living in Liverpool at the moment.

So no matter how long you want to rent your property out, you’ll make a great return on your investment in no time!

5. Liverpool gets millions of visitors every year

If you aren’t interested in letting out your property for long periods of time then that won’t be an issue. More than 67 million tourists flock to Liverpool each year and these people need a place to stay!

Make the most of this by advertising your property to holidaymakers. There will be plenty of visitors looking for short-term apartment rentals throughout the year. And you can reserve some time to enjoy your home yourself when you want a break!

6. The city has a huge student population

Liverpool’s student population is one of the reasons that Liverpool offers such amazing rental yields. This ensures that there are plenty of people looking for long-term rentals throughout the year.

As we have already mentioned, the city is home to three universities and there are more than 70,000 students across these. That’s a lot of students looking for accommodation!

Most students will be looking for long-term lets of one year or more. However, you can have your cake and eat it by offering accommodation that lasts from September to June or July.

This covers the academic year, which will suit the students living in your property. It also means that you can make the most of your home during the summer months. Or, even better, rent it out for short stays at a higher price to tourists visiting on their holidays!

7. Liverpool is constantly regenerating

Liverpool council and its investors are constantly pumping money into the city. So it isn’t just the city’s economy that is constantly growing and developing! The city itself is getting bigger and better by the year.

Some of the city’s most recent regeneration projects include:

• The Knowledge Quarter (a £1 billion investment in science, technology, health, culture, and education)
• Ten Streets (a project designed to cement Liverpool’s international destination status)
• Liverpool Science Park
• Liverpool City Region Local Enterprise Partnership

This regeneration doesn’t just bring more jobs to the area. It also ensures that the local area looks amazing. As a result, the value of properties in the area will increase over the years and this is great news for your investment.

8. It is one of the best-connected cities in the North

The better connected a city is, the more people will want to live in or visit it. And Liverpool is extremely well-connected.

Thanks to its position in the middle of the country it offers amazing transport links to the north and south. The train from Liverpool to London takes just over three hours, so you could easily visit the capital for the day. Coaches also regularly run from Liverpool to other major cities around the country.

If you’re looking to go further afield you’ll also have plenty of options. Liverpool John Lennon Airport offers travellers amazing comfort and a huge range of direct flights around the world. You can also get easy connecting flights to America, Asia, and Australia from the airport.

Liverpool is also home to famous docks so you can get a boat to fantastic destinations, including Belfast, Holland, and Gothenburg. This is a great option for holidaymakers who want to bring their cars with them. Plenty of amazing cruise companies also stop off at Liverpool, so you can start (or end) your holiday here.

This city itself is also extremely easy to navigate if you don’t own a car. The Merseyrail system connects most of the suburban areas of the city and the city centre has its own underground.

These amazing transport links make Liverpool a great place to visit and explore. This is yet another reason why the city is so popular with tourists and means there are plenty of people looking for short-term vacation rentals.