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The regeneration of the city of Liverpool has increased at an alarming rate over recent years.
One might wonder what the actual catalyst was that has brought about the ever-changing skyline of the city of Liverpool, and what lies in store for the future of the city of Liverpool.
Property Prices on The Rise in The City of Liverpool
Considering that the property prices in the South region of England are sky-rocketing as we speak, it should come as no surprise that many investors are beginning to look elsewhere in Liverpool to purchase the property.
The house prices in the city of Liverpool have some far remained relatively modest, standing at an overall average of one hundred forty-five thousand six hundred and three Pounds, according to the data published by the Rightmove.
Now, let us compare it to the city of London, where an overall average currently stands at six hundred eighty-two thousand four hundred and ninety-eight Pounds.
Consequentially, the rental yields that can be achieved from the investments into buy to let property in the city of Liverpool are significantly higher than those that can be achieved from the same investments in the city of London.
The main factor that had previously attracted numerous investors to property in the city of London and the South East region of the UK, in general, was the strong possibility for good capital growth that this region had offered.
While the general guideline remains that property in the South Region of the UK generally achieves higher capital growth, the L1 postcode of the city of Liverpool has experienced astonishing growth within the past few years.
According to the data published by the Which? the house prices in the L1 postcode area of the city of Liverpool have risen by forty-one percent in the last year alone compared to the previous three years.
The price of an average house in the L1 postcode area of the city of Liverpool is still below one hundred and twenty thousand Pounds, which is remarkably undervalued.
Considering that it has been predicted that the property prices in the city of Liverpool will only continue to rise, now is the perfect time to invest in property in the city of Liverpool.
With more than two hundred and thirty boarded-up and up-kept Tudor style flats for sale Liverpool for just one pound, thousands of people have already sent in their applications, interested in making a purchase.
While this may seem like an exceptionally good bargain at first, it is worth noting that the prospective investors and buyers of the Tudor style flats for sale Liverpool must be able to prove that they possess commitment to the city of Liverpool and that they possess enough capital that will be required in order for these flats to be refurbished.
So far, thirty-four hundred and twenty-seven people in total have expressed their interest in purchasing the empty terraced flats for sale in the city of Liverpool, all of which are situated in the Mossley Hill area of the city of Liverpool.
The scheme has been introduced by the Mayor of the city of Liverpool – Joe Anderson – in the year of 2013, with a stated aim to regenerate the dispossessed areas of Liverpool, as well as to help improve the economy of the city.
In order for a prospective applicant to become eligible to make a purchase of one of the flats for sale Liverpool for one Pound, they will need to be able to prove that they have lived and/or worked in the city of Liverpool, that they have been employed in the city of Liverpool or elsewhere before, and that they are a first time buyers of property.
The City Council of the city of Liverpool has announced that they expect between one hundred and eighty, and two hundred and twelve flats for sale Liverpool to be sold in the latest wave of purchases.
The priority will be given to the prospective investors who already have their own children and a good history of credit.
However, they will still be required to demonstrate that they possess the capital necessary to undertake the refurbishment works that the flats for sale Liverpool require.
In the first and the most successful tranche, eighteen flats for sale Liverpool have been sold around the Mosley Hill Road and the Calder’s Road of the city of Liverpool.
Apartment, Buy to let investments, Commercial property investments, Student Accommodation Investments
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A dwindling pension income and the intlow erest rates that the banks are offering means that individuals are not as financially comfortable as they once were. Our clients are often trying to invest in property to assure another income as they enter retirement. Investing in property, if done wisely, provides individuals with opportunity to supplement their income, alleviating some financial stress they may face. Our team of experts sources the best investment opportunities and our consultants advise and support our clients throughout the whole process, ensuring our clients get exactly what they look for out of the whole experience.