As an integral part of the governments new ‘Northern Powerhouse’ project and the UK’s 7th most popular city, Liverpool has been one of the UK’s investment hotspots for a number of years.
Currently, the city of Liverpool is experiencing a period of strong growth, largely due to the amount of investment and number of businesses in the local area. However, with three well-known universities spread across the city, Liverpool also has a strong student population, all looking for affordable, short-term accommodation, making Liverpool one of the UK’s property investment hotspots.
The Liverpool property market has seen steady growth over the last few years with additional sales price growth of up to 13.1% projected over the course of the next 5 years. It is a similar story with rental growth with a predicted increase of up to 14% over the same period.
A deeper look into the property market shows that terraced properties remain an attractive offering with around 70 properties being sold throughout 2020 at an average price of £154,275 which demonstrates an increase of over 10% on the previous year despite the pandemic.
Other property types continue to perform well with semi detached properties costing around £165,000, detached properties around £197,000 as of 2020.
Commonly known for its sporting, cultural and industrial heritage, Liverpool is one of the UK’s most popular tourist destinations with the city being voted the European Capital of Culture in 2008 which has led to a range of exciting new bars, clubs and restaurants opening throughout Liverpool City Centre.
Conversely, a little further afield Liverpool is home to a range of different schools and academies making it ideal for young families looking to make the city their home.
Local transport links throughout the Liverpool region means easy travel across the city. With a range of different options including rail, bus and taxi travel in and out of the city centre has never been easier.
|1||£29,000 (1)||£30,000 (1)||N/A||N/A|
|2||£100,667 (6)||£88,378 (20)||£150,000 (2)||N/A|
|3||£55,250 (2)||£131,142 (18)||£148,750 (2)||N/A|
|4||N/A||£153,444 (9)||£185,000 (1)||N/A|
|5||N/A||£194,550 (3)||£175,000 (1)||N/A|
|1||£475 (23)||N/A||N/A||£381 (1)|
|2||£634 (27)||£498 (1)||N/A||£528 (4)|
|3||£610 (9)||£544 (7)||N/A||£613 (12)|
|4||£949 (11)||£403 (10)||N/A||£1,121 (19)|
|5||£1,329 (5)||£427 (4)||N/A||£1,219 (6)|
Property statistics provided by PropertyData.
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