If you’re considering looking for a rental property in Liverpool, you may be curious about the housing market in the area. Whether it’s seeing what Liverpool has to offer or ticking boxes, moving house should be an enjoyable experience. Here are some stats and facts to help you determine whether Liverpool is the perfect place to set up a home.
RENTAL AND PROPERTY PRICING
You may find it interesting to note that with 28.3%, the proportion of gross income private renters in England and Wales spend on their rent is only marginally higher than five years ago. An in the North East and South West, renters pay proportionally less than they did back in 2015/16. The North West is the only region where the proportional increase in spending is more than 1%.
Over the past five years, the average earnings of renters have risen by 8.8%. Currently, the demand for rental properties is high. Average asking rents in Q2 2021 show an increase of 2.6% year-on-year (Rightmove). And a shortage of stock looks set to underpin prices over the coming months.
Source: Dataloft Rental Market Analytics (DRMA), based on tenancies started 01.07.20 to 30.06.21 and 01.07.15 to 30.06.16
GETTING A RENTAL IN LIVERPOOL
Around the city, you will find the L1 postcode, from South Anglican Cathedral to Lime Street Station in north Liverpool. Liverpool has a growing living scene in the centre of town. Most homes in the region are either converted apartments or new structures. The Baltic Triangle, extremely near the coastline and to the Ropewalks region, is part of popular portions of L1. Both are among the most modern districts of the UK, bursting with great shops, pubs and cafés.
It is not surprising that rental homes in L1, Liverpool attract young professionals who want to live and work in the city centre of Liverpool, using all of their advantages at their doorstep. Many students have also emerged in recent years, and many contemporary student homes are available on the north border of L1.
Although it is a lively town with plenty to offer, Liverpool property remains relatively cheap. It boasts a large selection of housing alternatives for most budgets compared to many other United Kingdom cities. Over the last several years, the City Center has experienced a considerable makeover and has raised millions of pounds in investment. Aintree is known for its internationally renowned racetrack and its friendly residential streets and open areas. It is a popular choice for families and has excellent connections with the rest of the city, which is why we classify it as a popular family residential area.
Liverpool is connected to several regions of the North West by transport links. The high-speed trains from Merseyrail carry you across the town and beyond. Lime Street station offers direct connections to major UK cities. Such as Manchester, Birmingham and London, on the frequent main trains to West Coast.
It also covers the rest of the United Kingdom and Europe and contains several carriers, including EasyJet and Ryanair. There is also Liverpool John Lennon airport.
You are also near the coastline, numerous beautiful beaches and the countryside of Lancashire, only a short driving distance from the city’s centre.
If you are thinking of moving to Liverpool and aren’t sure where to start looking for accommodation, give our team at Qube Residential a shout for any queries.