Property investors attaching a lot of importance to capital growth witnessed some positive trends in a number of UK cities during August 2018, according to new figures from Hometrack.
The market intelligence provider’s latest house price index showed that UK city house price inflation was 3.9 per cent in August, with the fastest-growing cities also among the most affordable.
Liverpool tops house price growth
Hometrack’s report painted a particularly encouraging picture for those who have invested in Liverpool.
The city led the way in year-on-year price growth in August, registering an increase of 7.5 per cent. This put Liverpool ahead of its regional neighbour and fellow northern property hotspot Manchester, where prices increased by 6.8 per cent year-on-year.
Crucially, Liverpool remains the most affordable destination in the Hometrack index, with a current average price of £120,100. This is less than a quarter of the typical property price in London (£485,300), where year-on-year growth slipped into negative territory in August 2018.
For investors, Liverpool currently offers the attractive combination of low entry prices and strong prospects for growth.
Furthermore, the city is seeing increasing demand for rental property, partly thanks to the expanding student population.
Investment opportunities in Liverpool
Liverpool is currently offering a number of exciting opportunities for investors looking to make the most of the positive trends in the city’s property market.
The student accommodation segment has been particularly lucrative in recent years, and Aura Student Liverpool provides buyer incentives including eight per cent net rental returns assured for five years.
In the residential market, Infinity Waters Liverpool is set to attract strong demand from tenants thanks to its choice of luxury one, two and three-bedroom apartments in a prime location close to the river and city centre.
This off-plan development is currently offering early investor discounts, giving buyers every reason to secure their stake in this fast-growing and exciting destination.