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UK Residential Property Correlations

Manchester, Liverpool, Birmingham and Leeds were

analysed to show their annual and monthly

correlations to the rest of the UK Market.

A low correlation can be useful when the market is

falling as it can reduce risk.

Conversely a high correlation can be useful

when the market is rising as it can improve returns

Liverpool and Leeds had increasing monthly

correlations since 2015.

However on an annual basis, Liverpool had the lowest correlation to the rest of the UK market.

• Liverpool, Annual Beta = 0.69

• Liverpool, Monthly Beta = 0.84

UK Residential Property Correlations

Liverpool may be more effected in the short term by price changes in the market, however it has a lower correlation of returns on an annual basis and may be a good defensive investment area.

Use Insight Residential to understand the risk factors impacting your property investments in other areas of the UK