Liverpool’s metamorphosis into one of the UK’s most sophisticated cities has been several years in the making and this is just one of the driving forces behind the Liverpool’s status as one of the UK’s best property market performers.
Much like it’s biggest rival in the North West, this transformation from depressed Northern City occurred from the 1990s onwards and with this has come huge investment in housing and infrastructure which has in turn driven up demand for property.
Liverpool House Prices Up 6.1%
This is backed up by recent data from Hometrack which suggests Liverpool house prices have risen 6.1% in the year to June 2016. This puts it among the UK’s top cities north of London for price growth.
Massive Population Growth
Another key driver for Liverpool’s property market has been massive population growth. According to Census data, its population doubled between 2000 and 2011. A growing population means demand for property will can only increase.
Liverpool’s rental market too offers some of the best returns in the UK and from an investment perspective this should be the main long term focus.
Best Areas To Invest In Liverpool
The best areas to invest as with any large city are close to the centre and with student property now one of the most lucrative sectors of buy to let, investing in property close to university campuses will generate some of the best rental yields.
The house price data released by Hometrack supports the view that Liverpool’s property market continues to be as dynamic as ever even allowing for the Dampening effect Brexit has had elsewhere.
Buy-to-let investors are increasingly being drawn to Liverpool by its dynamic local economy backed up by a rich heritage which attracts tourists from all over the world.
In terms of lifestyle, Liverpool is one of the key destinations in the North West for art culture and evening entertainment. The fashionable Baltic Triangle and Albert Dock areas are all within easy walking distance of the city centre as is the main business district This makes it the ideal contemporary urban environment.