Manchester is often compared to its rival city, Liverpool, and the two are also considered property investment hotspots.
So how does Liverpool student accommodation stack up to Manchester when it comes to property investment?
As mentioned, Manchester has a bigger student population and a better retention rate than Liverpool. But Liverpool’s student community is still sizable, with several higher education institutions in and around the city, including the University of Liverpool and Liverpool John Moores University, contributing to a student population of around 70,000.
Property in Liverpool is also generally cheaper than in Manchester. The UK House Price Index puts the average Liverpool property price at £177,521, while Manchester is £238,461 (November 2023), making Liverpool property the more affordable choice.
A previous study from Paragon Bank found that Liverpool was one of the top ten best buy-to-let locations in the UK for rental yields for student property, with an average yield of 8.25%, substantially more than the UK rental yield average of around 4-5%.
Both cities have their advantages, but overall, it’s safe to say that the North West is a popular option for property investment in 2024.
Learn more about North West property investment with our buy-to-let area guides covering topics like Blackpool investment properties and buy-to-let property in Burnley.