Investing in property in Liverpool in 2024 presents one of the best opportunities for those looking for long-term financial growth and stable returns. Once an industrial powerhouse, Liverpool is now undergoing a significant urban regeneration, attracting investors in both residential and commercial properties.
Liverpool Property Market: Growth Opportunities
One of the greatest advantages of investing in Liverpool is the affordability of its properties. In 2024, the average price of a property in Liverpool stands at approximately £204,676, representing a 3% increase compared to the previous year( IP Global).
Compared to other major cities like Manchester and London, Liverpool properties are significantly cheaper. For instance, properties in Liverpool are around 30% more affordable than those in Manchester and approximately 65% cheaper than in London(Rothmore Property).
This affordability does not compromise the investment potential. Liverpool is one of the fastest-growing property markets in the UK, with projections indicating a 20% rise in property values by 2026(Rothmore Property). This provides an excellent opportunity for those looking to buy at lower prices with strong potential for medium- to long-term value growth.
Regeneration Projects and Economic Growth
In addition to property affordability, Liverpool is undergoing several large-scale regeneration projects that are transforming the city into a hub of innovation, culture, and business. One of the biggest projects is the £5.5 billion Liverpool Waters development, which is revitalising the city’s historic waterfront. This project will not only modernise the infrastructure but also create over 17,000 jobs and 21 million square feet of new commercial and residential space(IP Global). Liverpool Waters will reconnect the city to its waterfront and further drive growth in the property and local economy.
Another key project is the Knowledge Quarter, a £1 billion investment focused on transforming Liverpool into a global centre for education, health, science, and technology. This development is attracting high-tech companies and renowned educational institutions, making the city a magnet for young professionals and students, increasing the demand for housing(IP Global). For property investors, this presents an ideal opportunity to tap into Liverpool’s rental market.
Rental Market Opportunities
Liverpool’s rental market is among the most promising in the UK. With an average rental yield of 6%, Liverpool offers one of the highest returns in the country(Rothmore Property). This is driven by a large student population—approximately 70,000 students reside in the city—and an influx of young professionals attracted by new developments and job opportunities(Rothmore Property). While properties in Liverpool are cheaper than in other metropolitan areas, the rental returns are comparable, making it a smart choice for buy-to-let investors.
Additionally, the undersupply of new housing developments relative to annual demand further fuels the rental market. Liverpool struggles to meet the growing demand for housing, pushing rental prices upwards, which directly benefits property owners(RWinvest).
Strategic Locations for Investment
Certain areas in Liverpool stand out as prime locations for property investment. Regions such as the city centre, areas near the Liverpool Waters development, and districts like the Baltic Triangle and Ten Streets, which are receiving cultural and infrastructure investments, are particularly appealing(RWinvest). The Baltic Triangle, for example, is becoming a hub for creative industries and startups, attracting a new generation of tenants who want to live and work in a vibrant, modern environment.
The HS2 project, which aims to improve rail connectivity between Liverpool and other major UK cities, is also expected to further increase the demand for properties in these emerging neighbourhoods(Rothmore Property). With enhanced connectivity, Liverpool will become even more attractive to professionals who wish to live in the city while working in other parts of the UK.
Conclusion: Why Invest in Liverpool in 2024?
Liverpool combines all the elements that make for a successful property investment: affordable prices, high rental demand, a growing economy, and several large-scale urban regeneration projects that are transforming the city. The potential for property value growth in the coming years, coupled with rental yields significantly higher than the UK average, makes Liverpool one of the most attractive property markets in 2024(IP Global)(RWinvest).
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