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Look to Liverpool for the UK’s hottest buy-to-let market
September 29, 2014Article by Charlotte Ashton
When it comes to buy-to-let property investment in the UK, look no further than Liverpool for some of the most exciting opportunities on the market. That’s the message from Ray Withers, Chief Executive of specialist property investment company Property Frontiers and a leading voice in the UK’s buy-to-let sector.
“Liverpool is known across the world for being the birthplace of the Beatles and for its role in revolutionising the music scene. Beatles attractions still draw tourists to the city today – the 2012 Liverpool Digest of Tourism Statistics listed two Beatles attractions (Beatles Story and Beatles Magical Mystery Tour) in the top ten paid attractions in the city, bringing a combined total of more than ¼ of a million visitors to the city in a single year.
“Of course, Liverpool itself has moved on somewhat since the Beatles first focused the world’s attention on it. A modern, dynamic city, it is packed with young professionals seeking to make their fortune from the plentiful job opportunities available there.”
Most recently, Liverpool’s modernisation has included the announcement of plans for the Kings Dock area, which Liverpool City Council has confirmed is set to create thousands of jobs as the £1.5 billion redevelopment takes place. Just days ago, the first phase of the Anfield stadium redevelopment was also confirmed, with planning permission granted for work on the new £75 million main stand.
With a booming class of young professionals looking for high end, well located housing, Liverpool’s buy-to-let sector is attracting investors in their droves. Alan Bevan, Managing Director of City Residential, comments,
“With Liverpool’s lettings market performing strongly and continuing to expand, sales momentum “exploding” into life and new rental/sales developments springing up across the city and the forthcoming investment in PRS (Private Rented Sector), the future is indeed looking particularly bright!”
Those looking to be a part of Liverpool’s bright future by buying into the private rented sector see now as the perfect time to do so. Data from Liverpool City Council’s Chief Executive’s Policy Team in 2013 showed that some 23.4% of households rented from a private landlord, compared with a national average across England and Wales of 16.7%. The figure had increased from 13.1% in 2001, highlighting how rapid the growth of the Liverpool’s private rented sector has been.
Ever at the forefront of UK buy-to-let investment opportunities, Property Frontiers is due to announce a new project in Liverpool very shortly. With a superb city centre location, within minutes of Liverpool One and Lime Street, this brand new buy-to-let opportunity will see a fabulous 1930s Portland Stone building redeveloped into luxury studio suites and one bedroom apartments. Panoramic views will combine with high end design to provide the very latest in modern city living appeal.
The ambitious plans will see a 12 month build schedule in place, though the investment opportunity will sell out long before the paint has dried and the furniture packs have been delivered. With a buy-to-let market as demand-led as Liverpool’s, an investment opportunity like this won’t be around for long.