Liverpool is famous for its rich cultural history, shopping, nightlife, restaurants and its shipping port. Its population is young and growing, and the city is an incredible business destination for people in the creative, digital, manufacturing, and finance sectors. Over the years, significant private and public investments have transformed Liverpool. Unfortunately, the city is experiencing a shortage of good rental accommodation. This means that the available apartments are given at a premium price. However, this is a good thing for investors, and it places the city as a national hotspot for buy-to-let buildings. You can visit Thirlmere Deacon to see some investment opportunities for residential and student properties. 

Here are some reasons to invest in property in Liverpool: 

The amazing thing about investing there is that you can find properties at affordable prices. It also has high capital growth in view. Zoopla, a property resource in the UK, recorded that in December 2020, the asking price of properties in Liverpool was an average of £185,370. Before that time, the prices of properties had grown by 9.41% despite the uncertainties caused by the coronavirus pandemic. Savills has made a prediction, showing that by 2024, the North-Western region will experience a growth rate of about 27.3% more than other regions in the UK, including London. 

Due to the fact that the population of the city is majorly young people, the rental demand is high. Young professionals and students make up a larger part of the population. The city has a high rate of graduate retention alongside Manchester, Birmingham, and London. Thus, you can typically find a lot of university graduates living there. Additionally, students are attracted to the city center apartments because it is close to the campus. The city’s nightlife is also a major factor, which explains why properties such as The Bridewell and City Point are popular. You may want to read this article to see more reasons why Liverpool has lots of students. Furthermore, working professionals now choose to rent apartments in the city center because it has more links to public transport as well as employment opportunities. Those seeking quality accommodation such as Parliament Square and One Baltic Square prefer to stay around The Baltic Triangle. There are other areas that are becoming popular. An example is Crosby, which is on the Northern side of the city. You can also find some developments such as Sky Gardens that offer a coastal get-away from the city life. 

Big regeneration projects such as Liverpool Waters, Liverpool One, and the Knowledge Quarter have witnessed unloved regions such as the Baltic Triangle rise to become among the coolest places in the United Kingdom. Investments worth more than £4 billion have been made in recent developments since 2012. Over two hundred and seventy major projects were planned and schemes worth £14 billion are still been developed. Therefore, if you plan on investing in Liverpool property, it will be wise to check out areas with potentials for growth. A good example might be the North docks area. Liverpool Waters scheme is already adding new neighborhoods, hence, there will be a great need for rentals there. Another scheme is the Wirral Waters. This will change the appearance of the area as well as the market for properties in places like Birkenhead. 

When looking at investing in property in Liverpool, it is important to select a reliable property management team. When you have the right team, you stand a good chance of receiving high dividends from the investment because they will help you to choose a profitable investment. Things to look out for in a reliable team.