Introducing Liverpool.
Located in the North West of the UK, Liverpool is a historic waterfront city with a rich sense of culture and community going through extensive transformation, seen in investment projects such as Liverpool Waters, Knowledge Quarter, Ten Streets and Freeport worth over £14.billion. This investment and an already established economy, has now made Liverpool property investment a lucrative opportunity, with a local estate agents, City Residential, stating that rents are increasing at a strong and steady rate. Rents in the North West increased at faster rate than all the UK regions other than the East Midlands in 2022, with Liverpool contributing largely to this.
Despite this impressive rate due to rental demand, Liverpool’s house prices remain far below national average, also resulting in an extremely high potential for capital appreciation. This has been confirmed as JLL forecast that house prices in the city are set to increase by an impressive 11.9% in the next 5 years, above the national average of 8.9%.
With this Liverpool often takes the top spot for highest rental yields in the UK, with rents continuing to grow following consistent growth. JLL forecasted an impressive 3.5% increase in 2023, and is projecting a cumulative growth of 15.9% in 2023-27.