New data from Hometrack has highlighted Liverpool city centre as enjoying the fastest increase in property prices in Q1 2016.
Nationally, the Hometrack UK City House report recorded city house price growth of 4.2% across the quarter. The figure represented the fastest pace of growth for 12 years.
Liverpool stood out not only due to its experiencing the fastest rate of growth of any UK city, but also for topping the tables when it comes to gross yield by city, reaching nearly 7% during the quarter.
High yields and low buying costs make for an exciting environment for investors. The Hometrack data revealed that prices in Liverpool remain 11% below their 2007 peak.
These low prices, along with the high demand for rental property being experienced in Liverpool, means great investment potential and the Prime Centrum team has been working diligently to ensure that the best of these opportunities are passed on to investors.
Buy-to-let investment in Liverpool is thriving. The city is packed with young professionals who want high end homes but who either can’t stretch to the deposit required to buy or just don’t want the hassle of being tied down through home ownership. Their emphasis is on superior accommodation with added benefits – developments that don’t feature some kind of bonus feature, like a stunning roof terrace with waterfront views, simply don’t get a look in.
These young professionals and their families are driving a surge in demand for high quality rental accommodation in Liverpool, so much so that Liverpool is rapidly becoming the city of choice for savvy buy-to-let investors.
Contact the Prime Centrum team today for further details on buy-to-let investments in Liverpool.
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