PRIVATE tenants will pay a staggering £70 billion rent over the next four years, according to the Association of Residential Letting Agents (ARLA) report.
Combined with forecasts of a 23 per cent rise in the number of private-rented households in the same period, it is obvious that the buy-to-let market is currently booming in the Liverpool area.
Although property can be a wise investment and offer a much better return than other alternatives, it involves time, research and exceptional property management.
Without a crystal ball it is hard to predict how your latest investment will fare.
You need to do your research into Liverpool for the location of the best places to buy for best rental yield against your cash investment.
You need to think about your target tenant for these locations, identify areas that are trending; it is not always the area closest to the station, look at the availability of properties and types in that area.
Find out the type of tenants registering in regards to their requirements.
Find out typical rental values against the area of the town that you are looking to invest in and remember you should always invest within your means, and just remind yourself that this is a business deal, so be practical and consider the long term prospects.
For further information regarding investment properties in Liverpool then contact Paul Rice on 0151 231 1613 or email paul.rice@belvoirlettings.com
