Liverpool property boom draws investors

A property market boom in Liverpool has seen buy-to-let investors and first-time buyers flocking to the area, it has been claimed.

Research from FindaProperty.com found that more than 60 per cent of people within the Liverpool region believe that house prices will continue to rise, with the current average property costing £130,783.

Typical home prices in the area have grown by more than £68,526 in the past five years, with a third of Liverpudlians committed to buying a property in the area this year.

The areas that are currently most popular for buyers include Crosby (11 per cent), Aigburth (nine per cent), Bebington (nine per cent) and Grassendale (six per cent).

FindaProperty.com's Mike O'Flynn said that the whole area of Liverpool had evolved a great deal over the past five years, but some places were more suitable for buy-to-let investors.

He commented: "Whilst some places are proving popular with homebuyers at the moment, for an investment I would personally be looking at either Tuebrooke, Anfield, Kensington and Walton, as they are all areas that are likely to be names to watch in this region over the new few years."

Birmingham Midshires research finds that a fifth of those planning to buy a new home in 2007 will do so as an investment.

Landlord Mortgages comments “Buy To Let in Liverpool remains popular with our landlords. New Build property in Liverpool has been squeezed a little in the last two years but remains popular with less experienced landlords. We are expecting rental yields to increase which should, in turn, fuel Buy To Let landlords to buy.”

LettingAgent.com “Letting Agents in Liverpool should be pushing up the rents, the lack of supply of property should be converted into higher rents.”

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