Are you looking to build an income generating property portfolio? With its thriving economy, surging population and record price growth, Liverpool is emerging as one of the UK’s top spots for buy-to-let investment.
We explore the key reasons why savvy investors are adding Liverpool to their portfolios. From major regeneration projects to a blossoming tech and creative scene, the city offers fantastic opportunities for rental income and capital growth.
Liverpool’s Economic Regeneration
Over the past decade, Liverpool has undergone massive regeneration as part of a major investment strategy. Infrastructure projects like Liverpool Waters and the £1 billion Liverpool ONE development have transformed the city, attracting new businesses and creating jobs.
This has driven huge demand for rental property in Liverpool. With major employers like Jaguar Land Rover moving into the region, professionals are flocking to Liverpool in search of homes. As the city’s workforce expands, demand for rental accommodation will continue to rise.
Surging Population Growth
The population of the city continues to surge, driving huge demand for Liverpool rental properties. According to the latest UK population statistics, the number of people living in Liverpool has risen to 917,000 in 2023, representing a 0.55% increase from 2022.
While this annual growth rate may seem modest compared to previous years, it contributes to a long-term trend of expanding population in the city. The largest spike happened between 2015 and 2016, when Liverpool’s population rose by a significant 1.67%.
This ongoing population growth is fuelled primarily by young professionals migrating to the city for employment and lifestyle reasons. As Liverpool’s workforce expands, so too does the need for rental accommodation. Savvy investors who buy into the Liverpool rental market can benefit from this increasingly scarce resource.
Strong Property Price Growth
The Liverpool property market continues to experience strong house price growth, according to the latest figures. Data from the Land Registry shows that prices in Liverpool increased by 1.9% in June 2023 when compared to the previous month.
This rise is higher than the average growth across the North West region, highlighting that Liverpool is outpacing its regional counterparts. When looking at the longer-term trend, property values in Liverpool have increased by 1.9% over the past 12 months.
Experts predict this upward trajectory will continue over the coming years as Liverpool cements itself as one of the top growth locations in the UK. For buy-to-let in Liverpool, the city’s rapidly rising house prices represent an opportunity for substantial capital gains on top of rental income.
Thriving Tech and Creative Sector
Liverpool’s tech and creative sector is rapidly growing, attracting young professionals to the city. The Liverpool City Region is home to a substantial number of small businesses and sole traders across the digital, creative and technology industries.
Sci-Tech Daresbury and Baltic Creative
Major hubs like Sci-Tech Daresbury and Baltic Creative are driving this growth and encouraging companies to relocate to the area. Sci-Tech Daresbury is one of the UK’s leading science and technology campuses, designated as an enterprise zone and serves as an incubator for tech innovation and research.
Meanwhile, Baltic Creative in the vibrant Baltic Triangle has become a hub for Liverpool’s thriving digital and creative community. Home to digital agencies, design studios, arts organisations and creative tech startups, it provides an ideal environment for collaboration and growth.
For property investors, the expansion of Liverpool’s tech and creative sector translates to strong demand for stylish, modern rental units from young professionals. Developing or purchasing contemporary properties in areas like the Baltic Triangle allows landlords to enjoy premium rents from Liverpool’s most desirable tenants.
Liverpool: The Complete Investment Package
With its thriving economy, expanding population, surging house prices and vibrant creative scene, Liverpool offers the complete investment package. As the city continues to flourish over the coming decade, the Liverpool property market will go from strength to strength.
Savvy investors who buy into Liverpool now can benefit from strong rental demand, high yields and excellent capital growth. Whether you’re purchasing individual properties or building a larger portfolio, Liverpool real estate offers huge income and profit potential.
Getting Help With Property Investment in Liverpool
If you’re ready to start building your Liverpool portfolio, partnering with a local specialist can give your investments a flying start. A company like 53 Degrees Property has in-depth knowledge of the Liverpool property market, from up-and-coming areas to local regulations.
We offer a guaranteed rent service, managing every aspect of your Liverpool investment from tenants to maintenance. This allows investors to earn a completely passive income from their properties.
With expertise across a range of lets, we are the ideal partner for Liverpool buy-to-let. Get in touch today to find out we can help build and manage your Merseyside portfolio!
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