Liverpool Property Market and Real Estate Guide

(Liverpool, Merseyside, England, UK)

Scenery in Sefton ParkWorld Heritage Liverpool is a fine place to rent or buy, with its exciting city centre strewn with well-known landmarks, and glut of vibrant suburbs. Liverpool has its own airport to the south-east of the city and there is also an international airport in nearby Manchester, as well as easy access to major highways.

Liverpool is best known for the Beatles and the Mersey waterfront, and has been considerably revamped in recent years. Along with the buzzing city centre is the trendy Albert Dock area, which is especially popular with those looking for serviced apartments. Stanley Dock and the Wirral peninsula are also popular with expat residents.

Terraced homes are among the cheapest buys in Liverpool, with flats and semi-detached properties also being affordable. Expect to pay a premium for the rental or purchase of a detached home with a garden.

Renting Serviced Apartments

If you are in the market to rent an apartment in Liverpool, your best bet is to go for a serviced apartment, as they offer better standards at lower prices than hotels, and generally come with better facilities. Serviced apartments in Liverpool also allow for greater flexibility and they can be had in all areas of the city, including in the city centre, Albert Dock, and other thriving suburban areas.

The standard for serviced apartments in Liverpool is studio-style with all mod cons, or separate living room, bedroom and kitchen for the higher-end ones. Newer apartment complexes also come with flat screen TV, DVD player, wireless Internet and balcony. Prices in Liverpool for serviced apartments are less than in other major UK cities, such as London and Manchester, but more than in Newcastle and Birmingham.

View over Liverpool

Buying Apartments and Houses

There are no restrictions on foreigners buying apartments and houses in Liverpool, although you will need to make sure any travel visas are in order to stay. Once you have found a place, a deposit of around ten percent will have to be paid when contracts are exchanged.

Terraced homes outside the city centre go for half the price of apartments around Albert Dock, meaning many expat families and long-term renters opt for more space and cheaper property prices at the cost of living in the trendy central areas.

Having a property survey before buying is de facto, including a building survey and a homebuyer's report. Stamp duty, if applicable, must be paid within 30 days of completion of the deal. Stamp duties vary from zero percent for a property under the threshold to four percent for a property at the top end of the spectrum, and is payable by the buyer.

Real Estate Agents

Most people use a licensed estate agent when buying or selling in the UK. A good estate agent in Liverpool should give advice on the true market price of a given property, have a broad portfolio, and keep you abreast of the ongoing process.

The size of their portfolio and the price of the service are not proven indicators alone and it often pays to go with an estate agent that has been recommended to you by a friend.

A few examples of known Liverpool real estate agents:

Merseyside Property Marketing
Address: 9 Ward Street, Liverpool, England, UK
Tel: +44 0845 121 5264
MPM is one of the newer real estate agents in Liverpool, with an emphasis on sale and rental of residential property in the city centre.

Merseyside Property Sales and Rentals
Address: London Road, Liverpool, England, UK
Tel: +44 0845 456 2371
Merseyside Property has a decent portfolio of homes and apartments in Liverpool, as well as in the Wirral and throughout Merseyside.

Sutton Kersh
Address: 6 Cotton Street, Liverpool, England, UK
Tel: +44 0151 482 2555
Sutton Kersh has over 30 years experience in dealing with residential and commercial property in Liverpool with four branches across the region.