Buy-to-let opportunities in Liverpool is experiencing a wealth of interest from buy-to-let investors. So what is it about this Merseyside city that is now drawing the attention of so many?
Being one of the key Northern Powerhouse cities, Liverpool directly benefits from investment into the project. HS1, HS2 and HS3 (Northern Powerhouse Rail) will connect the cities like Liverpool, Manchester and Leeds with one another as well as other parts of the UK, boosting the regional economy. Improved further will be transport links with the world’s longest road tunnel through the Pennines.
Also being pumped into the development of new economies in the Northern Powerhouse cities is money. Liverpool is becoming a hub for the technology sector, with Liverpool being named in a 2015 government report as being one of the fastest growing hubs for digital companies in the country.
Liverpool has become a magnet for young people who want to live in a vibrant, up-and-coming city. The large student population offers a reliable market for property investors, as well as the growing numbers of young professionals desiring quality, city centre living.
Only for the private rented sector are many new developments in Liverpool. They offer high-quality accommodation in prime locations with added benefits such as on-site gyms and concierge services. Such developments are in huge demand from the increasing numbers of young people moving to the city which shows the various buy-to-let opportunities in Liverpool.
With this significant increase in population, Liverpool is suffering from a serious shortage of housing. Therefore making it a great place for a buy-to-let investor.
Many students are choosing to stay in Liverpool after they graduate, leading to an employment boom in the city. Its brand new superport is also creating new jobs in shipping and logistics. Liverpool’s economy is growing ever stronger and boosting the city’s privately rented market.
With all this in mind it is perhaps no surprise that in June 2017 Private Finance named Liverpool the best city with the highest yields for buy-to-let investments. For investors looking for somewhere to begin or build on their buy-to-let portfolio, Liverpool should not be forgotten.