Liverpool rental market goes from strength to strength

20
Jan

Rental prices across Liverpool, and indeed whole of the Northwest look set to continue growing over the coming 12 months. With many first-time buyers still reluctant to purchase their first home following the banking sectors growing interest rates, there is more demand than ever for available lets.

A recently published quarterly report from well-respected Liverpool estate agency, City Residential, outlined a surge in demand from across the city with no signs of slowing well into 2024. It is difficult to see a situation in which rents will begin to waver or decline because the current vacancy periods are at an all-time low. Any new supply is curtailed immediately, with demand still rising as we approach the most popular period in the year for new lets (May - July).

Although a prospective recession and persistently high energy prices could have an influence on the market, at this time, it seems extremely unlikely that we can expect many void periods across any of the city’s most popular developments.

Construction in Liverpool is experiencing a real resurgence, following a challenging 2022. Many of the city’s most notable developers are seeing a real demand from both first-time and investment buyers as the region continues to capitalise on post-pandemic growth. Liverpool offers much more affordable prices than that of either Manchester or London, and with rental prices growing monthly, the anticipated yields of the city are now outstripping much of the UK.

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