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April 2024 63,000 - 555,000 €
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    April 2024 63,000 - 555,000 €

    Liverpool real estate is a lucrative investment that will bring good returns

    The UK real estate market has repeatedly proved its reliability to investors and ordinary buyers. There is an opportunity to choose housing in the capital and other cities. Given that the UK is a country where everyone can arrange their lives as they need, it is okay to choose housing not only in London (London is a good option, but not the only one).

    If the investor does not like noisy and large cities, the ideal option is to look for real estate in smaller cities.

    Liverpool is just such a city.

    Buying a home in Liverpool - analyzing prices and some of the factors that affect them

    Real estate agents are forced to put up prices depending on several factors.

    First of all, prices are influenced by demand. The higher the demand, the higher the prices. Another thing is that some factors affect demand as well:

    1. The demand has recently been badly affected by covid. Because of this, the population's income has decreased, and purchasing power has fallen.
    2. Targeting a specific category of investors. In this case, we are talking about the financial capacity of investors.
    3. Accessibility of housing. We are talking primarily about infrastructure such as elevators, ramps, etc. That is, housing should be accessible to all.

    These are all factors that affect demand - and, therefore, the cost of housing in general.

    But factors are not everything. It is also essential to understand how they apply specifically to Liverpool:

    Factor affecting the value of real estate in general His influence directly on Liverpool
    Proximity to the center As in many other cities, the closer to the center - the higher the cost. In Liverpool, as elsewhere, the center is where the leading commercial and business facilities are located.
    Transportation accessibility Many people prefer to invest in housing located at a certain distance from the center. In this case, good public transportation is an essential factor that affects pricing. Liverpool has good public transport links
    Availability of infrastructure for recreation In Liverpool, that infrastructure is the waterfront along the River Mersey. But it is not only about it. There are many parks and other places for recreation there.
    The real estate itself Real estate in Liverpool includes one- and multi-room apartments, private houses, and penthouses. There are also various living space arrangements.

    How much does the property cost? Representatives of the agency involved in the sale will tell you at the end. But on average, the investor will have to pay about 3600- 6000 euros for each square meter of housing, as of the end of 2023. In addition, prices continue to grow yearly by a little more than 10% (the calculation is conducted from the 2021st year).

    Transportation is one of the reasons to buy property in Liverpool

    Investors prefer to buy housing in cities with high-quality public transportation, which can attract new customers.

    In Liverpool's history, the city's classic electric-powered streetcar closed in 1957. Since then, the main modes of transportation have remained three:

    • bus;
    • subway;
    • railroad.

    The railroad serves more of a function of connecting Liverpool with other cities (including distant towns). Nevertheless, people also use it to get around the city. But not as active as the subway system.

    The Liverpool Metro is considered a vital transportation artery. There are two lines in the city, and it also connects Liverpool with the surrounding towns that make up the metropolitan area.

    Bus service in the city is the main one. They transport 82% of passengers.

    In addition, ferries connect Liverpool with the agglomeration and other regions of the UK.

    Liverpool real estate - a few reasons why it's worth buying

    Liverpool has a rich history. Buying housing in such a city is a profitable investment that will pay off later.

    History is one of many essential things in this case. It is well known that cities can only live with city-forming enterprises (even if such enterprises are objects of the tourist sphere). In Liverpool, the leading city-forming enterprise is the port. Now, it is engaged in cargo handling; it is also the base for ferries, performing voyages to other regions of Great Britain (first, it is about Belfast in Northern Ireland). Until the mid-twentieth century, the Port of Liverpool also served transatlantic passenger ships.

    Buying real estate in Liverpool will be profitable for those who plan to rent it out later. In this case, the investor will receive a 6-7% yield and earnings of 30%.

    The climate of Liverpool attracts investors with its mildness: summer is not hot (average temperature rises to +17˚C), winter is not cold (average temperature is about +5˚C).

    The number of sunny days in a year could be better - it does not even reach the value of 80, rainy days average 170 per year.

    Anyway, thanks to the mild climate, the investor will get savings in energy resources. And this motivates investors to buy real estate in Liverpool.

    To summarize, it is essential to note that buying a residential property in Liverpool will fully justify the costs and bring the investor a good profit.