{"id":22208,"date":"2018-12-04T16:33:23","date_gmt":"2018-12-04T16:33:23","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=22208"},"modified":"2023-01-06T09:49:19","modified_gmt":"2023-01-06T09:49:19","slug":"liverpool-on-the-up-reasons-to-look-towards-the-mersey","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/12\/04\/liverpool-on-the-up-reasons-to-look-towards-the-mersey\/","title":{"rendered":"Liverpool on the up: reasons to look towards the Mersey"},"content":{"rendered":"
Liverpool is well placed to build on recent good news for its property scene in the years to come, with new building projects and statistics showing the city by the Mersey is a good place to invest.<\/strong><\/p>\n It\u2019s world renowned for a cultural heritage that gave birth to arguably the most popular and influential pop group ever in The Beatles, as well as two Premier League clubs in Liverpool and Everton that have spread the gospel of football around the globe.<\/p>\n Being Europe\u2019s Capital of Culture in 2008 sparked new interest in the city, with spin-off benefits in both lifestyle and where to live. Many buildings dating back to Liverpool\u2019s industrial and maritime heyday have been redeveloped, and the regeneration theme is continuing with some exciting new residential projects.<\/p>\n Liverpool topped Hometrack\u2019s UK Cities House Price Index<\/a> recently, thanks to prices there rising by 6.9% in the year to September 2018. With Hometrack\u2019s data showing an average price of \u00a3120,500, Liverpool is highly affordable, and it also scores well in the rental market.<\/p>\n And did you know that\u00a0Liverpool is one of the first cities in England and Wales to migrate to the Local Land Charges online register?<\/a>\u00a0 It’s a move that is expected to make homebuying easier for buyers, sellers, conveyancers, estate agents, and local authorities.<\/p>\n It has built a reputation as the best buy-to-let city in the UK, and recent figures from Totally Money<\/a> have confirmed that. Liverpool has five of the country\u2019s top 20 postcodes when kit comes to buy-to-let rental yields and at 9.79%, L7\u2019s yield makes it the second best in the list. It includes popular areas Edge Hill, Fairfield and Kensington, and average rent is \u00a3943 per month.<\/p>\n There are some enticing property developments on the horizon around the city. Around 2,000 homes<\/a> are planned for Festival Park and 1,000 jobs are earmarked for Paddington Village in an urban development project that, like Festival Park, is being promoted by the Department of International Trade.<\/p>\n Liverpool\u2019s waterfront is one of the city\u2019s most famous landmarks, and following the end of large-scale industry and the docks, the area is undergoing regeneration. The Liverpool Waters development currently under construction around Princes Dock, Central Docks, Clarence Docks, Northern Docks and King Edward Triangle will see around 9,000 residential apartments plus retail and leisure facilities.<\/p>\nHouse prices on the rise and a market moving with the times<\/h4>\n
Buy-to-let a great option<\/h4>\n
Could potential Everton move bring more spin-offs?<\/h4>\n