Property consultancy Surrenden Invest is tipping Liverpool to continue as a property investment hotspot despite the turmoil affecting other areas of the UK.
Liverpool’s property market has received a great deal of media attention in recent years. From being flagged up as the UK’s top property investment hotspot to the massive regeneration plans centering on the city’s waterfront and for its potential, its yields and its capital growth.
And Jonathan Stephens, managing director of Surrenden, said Liverpool is still the place to be for property investment.
He said: “The North West of England, and Liverpool in particular, is enjoying a period of substantial growth when it comes to city economies.
“The Northern Powerhouse initiative has focused attention on the North West’s cities and Liverpool is one of those at the forefront of the boom. We’re seeing starts ups, creatives and tech companies flourish, alongside more established services industries, giving a really vibrant and exciting feel to what’s going on here in terms of economic potential.
“And of course booming businesses go hand in hand with a buoyant property market. There’s a lot of demand from professional tenants for high end rental accommodation. They’re seeking a blend of great location and added extras like concierge services.
“With the UK’s private rented sector continuing to expand, I don’t believe we’re going to see demand from this kind of tenant drop off any time soon, so in cities like Liverpool investment in rental property definitely still makes sense.”