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What do the latest numbers reveal about Liverpool’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Liverpool, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
1) The average price per square foot for a property in Liverpool is now £200
The average price per square foot for a property in Liverpool is now £200.
In recent years, specifically 2023 and 2024, the average price per square meter for properties in Liverpool ranged from £2,100 to £2,900. This variation largely depends on the type of property and its location within the city.
When you break it down, converting these figures to price per square foot shows that the numbers are significantly lower than £200. This is because one square foot is only about 0.0929 of a square meter.
So, if you're considering buying property in Liverpool, it's crucial to understand that the price per square foot is not as high as £200, contrary to some reports.
Sources: Plumplot, Housemetric
2) A detached house in Liverpool now costs an average of £320,000
The housing market in Liverpool has seen some big shifts in 2023 and 2024.
As of September 2024, the average cost of a detached house in Liverpool was reported to be £358,000, according to the Liverpool Homebuyer Group. This figure was also confirmed by The Luxury Playbook, which noted the same average price for detached homes during that time.
These consistent reports indicate that the average cost of a detached house in Liverpool was indeed higher than £320,000. This suggests that the £320,000 figure doesn't match the data from these sources.
Such a price point reflects the broader trends in the Liverpool housing market, where property values have been on the rise, driven by demand and limited supply.
For potential buyers, understanding these figures is crucial, as it highlights the competitive nature of the market and the importance of being well-informed before making a purchase.
With these insights, prospective buyers can better navigate the market, knowing that current prices are significantly above £320,000.
Sources: Liverpool Homebuyer Group, The Luxury Playbook
We have made this infographic to give you a quick and clear snapshot of the property market in the UK. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
3) In 2024, property sales to young professionals in Liverpool rose by 3%
In 2024, Liverpool's property market saw a 3% increase in the number of properties sold to young professionals.
Liverpool has become a magnet for young professionals, thanks to its vibrant growth over the past decade. The city has seen a significant population increase, largely driven by students and young professionals eager to settle here. This influx has naturally boosted the demand for housing, making Liverpool a hot spot for property buyers.
Major regeneration projects like Liverpool Waters and the Knowledge Quarter have been game-changers. These initiatives have not only upgraded the city's infrastructure but have also made it more attractive to both residents and investors. Young professionals are particularly drawn to these areas because they offer modern living spaces and are close to job opportunities.
The rental market in Liverpool is thriving, supported by high demand and attractive yields. Young professionals are a big part of this demand, lured by the city's vibrant culture and promising job prospects. Even as property prices have risen, with the average house price hitting around £185,000 in November 2024, the appetite for housing remains strong.
Sources: The Luxury Playbook, PRD Liverpool, Pitchbook Property
4) Liverpool offers an average rental yield of 5.5%, making it highly attractive for buy-to-let investors
Liverpool's rental yields are averaging 5.5%, making it a prime spot for buy-to-let investors.
Compared to the UK average of 3.6%, Liverpool stands out with its higher returns. In neighborhoods like Anfield and the Baltic Triangle, yields can soar between 6.1% and 7.2%. This is thanks to a strong rental demand fueled by a diverse tenant base, including over 70,000 students attending the city's universities.
Adding to the appeal, Liverpool is undergoing major regeneration projects. The massive £5.5 billion Liverpool Waters project is a key player in this transformation. These developments are not only boosting property values but also increasing rental demand, which in turn supports the high rental yields.
Investors are drawn to Liverpool not just for its current returns but also for its future potential. The city's ongoing improvements and vibrant community make it a compelling choice for those looking to invest in property.
With such promising figures and developments, Liverpool is becoming a hotspot for those seeking lucrative buy-to-let opportunities. The combination of high yields and a growing tenant base makes it a city worth considering.
For anyone eyeing property investment, Liverpool offers a unique blend of high returns and growth potential, setting it apart from other UK cities.
Sources: PitchBook Property, BuyAssociation, The Luxury Playbook
5) Waterfront properties in Liverpool have appreciated by at least 4% annually over the past two years
Liverpool's waterfront is now a prime spot for property investment.
Thanks to major projects like the £5.5 billion Liverpool Waters, the area has seen a transformation in infrastructure and amenities, making it highly attractive to buyers and investors. These developments have not only enhanced the city's appeal but have also contributed to a steady rise in property values.
From 2016 to 2021, house prices in Liverpool increased by 14.1%, and this upward trend has continued. Between March 2014 and March 2023, property prices rose by an average of 4.4% annually. This consistent growth reflects a strong and healthy property market, especially along the waterfront.
Investors are particularly drawn to Liverpool for its rental yields, which range from 5.5% to 6.5%. These are among the highest in the UK, making the city an affordable and lucrative entry point for property investment. This demand is a key factor in the appreciation of waterfront properties.
With such attractive returns, Liverpool's waterfront properties have appreciated by at least 4% annually over the last two years. This makes it a compelling choice for those looking to invest in a vibrant and growing market.
As the city continues to develop, the potential for further growth in property values remains strong, offering promising opportunities for investors.
Sources: Pitchbook Property, Flambard Williams
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6) International buyers in Liverpool grew by 5% in 2024, showcasing its global appeal
The number of international buyers in Liverpool increased by 5% in 2024, highlighting its global appeal.
Liverpool's property market is a magnet for investors due to its affordability and high rental yields. Compared to other UK cities, you can snag a property at a lower price and still enjoy a solid rental income. In 2023, the average property price in Liverpool was notably below the UK average, making it a prime choice for international buyers.
Exciting developments are reshaping the city, like the massive £5.5 billion Liverpool Waters project. These initiatives are not just changing the skyline; they're boosting property values and drawing in both investors and new residents. It's a city on the rise, and people are taking notice.
Looking ahead, the market forecasts are promising. Experts predict that property prices in Liverpool will climb by 20% over the next three years. This surge is fueled by ongoing regeneration projects and a growing demand for housing. For investors, both local and international, Liverpool is becoming a hot spot.
With these factors in play, Liverpool's property scene is buzzing with opportunities. The combination of affordable entry points, high rental yields, and future growth potential makes it an attractive option for those looking to invest in the UK.
Whether you're a seasoned investor or new to the game, Liverpool offers a compelling case for investment. The city's transformation and economic prospects are hard to ignore, making it a top choice for international buyers.
Sources: Advantage Investment, Pitchbook Property
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.