A recent survey by insurance provider Simply Business has named London, Manchester, Liverpool, and Birmingham as cities with the most attractive propositions for investing in buy-to-let property in 2020. Liverpool commercial estate agents look at what makes our city so appealing.
Both London and Manchester were tied at the top spot, and Liverpool and Birmingham tied for second place, according to BuyAssociation.
Liverpool is forecasted to see major growth, development, and regeneration, with a masterplan to turn the city into a world class business location, bringing more jobs, opportunities, and investment to the city centre.
The northern docklands area has seen a £5bn Liverpool Waters regeneration scheme, with a further £14bn of further regeneration scheme either in progress or scheduled across the city. Liverpool City Council has invested £150m in road infrastructure improvements, and a brand new cruise ship terminal has been approved.
These investments, in addition to population growth, have improved the city’s appeal, and boosted property prices and rental yields.
Even with changes in tax, and the effects of Brexit being a concern for some investors and landlords, there is still great value found in the buy-to-let sector. A majority still consider buy-to-let a good investment, with long term benefits.
If you’re looking to sell property fast or wanting to explore the Merseyside local property market, then get in touch with us today.