A growing number of seasoned investors expanding their property portfolios and those planning their first UK rental investment consider this to be the perfect time to buy a property in Liverpool, thanks to high demand from renters, particularly students, seeking houses in multiple occupation (HMO).
Fresh research from The Mistoria Group shows that there has been 37% growth in demand for shared student accommodation in the city and surrounding area over the last 18 months, owed largely to the fact that the student population rose from 50,000 in 2015 to 60,000 in 2016.
“Liverpool is becoming a city for property investors with more building applications being filed every month,” said Mish Liyanage, managing director of The Mistoria Group. “We have seen a steep rise in buy-to-let investors looking for refurbished property within 3 miles of the University – up 28% year on year.”
Liyanage highlights the fact that Liverpool is a “booming university city” offering investors the opportunity to acquire “high yielding property with excellent occupancy rates”.
He also made reference to recent data released by LendInvest which revealed that buy-to-let landlords investing in Liverpool’s student property market can typically expect to achieve a rental yield of around 5% pa. But this is rather low compared to many of the non-student property rentals investments available in the city.