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Liverpool named UK’s best buy-to-let area to invest in

New research has identified Liverpool as one of the best places in the UK for buy-to-let investors, with yields as high as 10.30%.

The findings are from analysis by Mojo Mortgages using the UK Land Registry, Zoopla, On The Market and property data portal, PropertyData.co.uk in a bid to find where the current investment hotspots are.

Mojo said: “From our analysis, the North West is one of the top regions for strong buy-to-let yields. As well as a number of profitable areas in Liverpool, the area of M14 in Manchester, which covers Fallowfield, has a yield of 7.60%.

“Both these cities have a solid student population, plus property prices are relatively low.”

In the UK there are an estimated 2.6 million buy-to-let landlords, and despite the pandemic, those who do have the cash to invest believe investment opportunities will emerge, with lenders cutting rates on buy-to-let products and raising affordability thresholds.

There’s also market sentiment which is leaning towards limiting competition from other buyers and even pushing up demand for rental property.

From its analysis, Mojo found that Liverpool is currently the best place to consider.

The city’s L7 postcode tops the buy-to-let yield table, generating yields of 10.30% and an average asking price of £95,000.

The postcode covers the area of Edge Hill and is in close proximity to Liverpool city centre.

Five more Liverpool postcodes feature in the top 20 list of best places to invest, with yield returns ranging from 7.40% to 10.30%.

Birkenhead’s CH41 postcode came in at 17th in the list, with a return of 7.10% and an average asking price of £84,000.

Eight of the top 10 worst places to invest were in London or the South East, topped by Kensington and Chelsea, with an average yield of 2.1% and an average asking price of £1,612,797.

By Neil Hodgson

Source: The Business Desk

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New Report Reveals Liverpool is One of The Top Hotspots for Growth

The UK’s 24 leading urban economies have been scrutinised and Liverpool city region has been rated as one of the top four hotspots in the UK for economic growth potential.
The potential of all 24 cities have been measured analysed and brought together in a report carried out by global design and infrastructure consultancy, Arcadis. The data was measured against six key areas: workforce and skills, infrastructure, business environment, place, city brand and housing.
In the final league table of the report, Liverpool was fourth behind Edinburgh, Oxford and Cambridge, but ahead of London. The city’s main strengths were its brand, infrastructure, positive business environment and the quality and affordability of housing supply.
A large part of the city’s attraction is its strong global brand. Due to Liverpool’s rich history, its music, the diverse cultural make up, along with the open-for-business environment radiated from the city. This helps to signal to the rest of the world the huge opportunities here and what potential exists within the city and wider city region. Liverpool attracts investors, both in the commercial and property market, from across the UK and overseas. It creates an attractive package adding more to Liverpool future long-term prosperity.

Not a new phenomenon

This isn’t a new phenomenon. Merseyside’s economy grew faster than London, Manchester and any other major British city in 2015 according to figures by the Office for National Statistics (ONS). Less than three years ago Merseyside enjoyed an economic growth rate of 3.1% in the year, faster than any similar major city region in the country. In fact, major cities across the North West performed strongly during that year according to statistics by the ONS.
Liverpool city region continues its process of improving its performance, catching up with other places that used to perform better in the past. It has recorded a strong economic performance over recent years, demonstrating the progress made. In order to continue its fantastic growth, Liverpool is a city that cannot be complacent. The city region is narrowing the gap in terms of GVA (gross value added) per head but the push must continue if the city region is to achieve its full economic potential.

Regeneration helps city to rank

Undergoing several regeneration schemes and large-scale work across the city has certainly helped Liverpool reach its number four ranking. And through this, pricing across Liverpool is expected to rise. The L1 postcode is a good example of this and has seen house prices risen by a 41.2 per cent according to property website Rightmove. You can find out more information and view properties in Liverpool here at RWinvest.
The student population also means that a combination of low house prices and high rental values has given the city some of the highest rental yields in the UK, making it an appealing possibility for property investors keen to create a portfolio in the student rental market.

Source: FINSMES