Liverpool has topped the residential landlords association’s (RLA) list of top buy-to-let hotspots in the UK.
The result is based on research conducted by mortgage broker Private Finance that shows that Liverpool offers an average rental yield of 8% after mortgage costs have been deducted.
This puts the city way ahead of its closest competitors Nottingham at 5.6% and Coventry at 5.4%.
Helen Griffin-Booth, director at Liverpool-based sales, lettings and investment agency Bluerow Homes, says: “The rental yields on offer in Liverpool are truly off the scale and I urge landlords and prospective landlords to build their buy-to-let empire in Liverpool!
“Those looking to invest in the property sector should take advantage of the current rental climate in the city where house prices remain relatively low.
“Liverpool’s rental market has seen a significant boost from students and a rising number of young professionals choosing the city to grow their careers.
“Location is vastly important in choosing where to invest in property and cities like Liverpool that have growing industries, universities and affordable housing will continue to thrive as buy-to-let hotspots.
“The rental yields landlords are experiencing in the city is testament to the strength of Liverpool as a major player in the Northern Powerhouse.
“I urge all buy-to-let investors in the city and further afield to make the most of this current climate and buy property now.”
