"Liverpool is already one of the most visited UK cities, with 54 million visitors a year, yet this is expected to increase, contributing to the thriving economy."
Mark Burns
With major regeneration of the city ongoing and the progress of the Northern Powerhouse Initiative, Liverpool is being somewhat reborn and the results are already visible, despite plans for regeneration to continue for many years to come.
Liverpool has a very diverse population, with people from all around the world moving to the city and contributing to the doubling of Liverpool’s population, growing from approximately 446,000 to 880,000 since 2011. As this statistic shows, much has been done to redevelop the city, transforming it into a very desirable place to live, work and study. But, just why are international investors taking such an interest in Liverpool property investment?
A Thriving Economy
Following the early stages of the regeneration of Liverpool, the economy has been boosted and has become strong, with thanks to the improvement of business and income sectors in the city. Liverpool continues to benefit from redevelopment throughout the city, all of which are contributing to the improvement of the economy, all whilst keeping in mind the history and the culture that the city possesses. The city has become one of the UK’s leading business destinations, with regeneration projects such as Knowledge Quarter and Liverpool Waters playing their part.
The Knowledge Quarter is being developed into a place full of vibrant restaurants, bars, shops, university spaces and offices, creating more jobs and opportunities for investment into the area. As part of these regeneration plans, the Knowledge Quarter will see Paddington Village developed, contributing to the educational mix of the area.
Meanwhile, Liverpool Waters is known to be a 30-year transformation of the city’s historic docklands, regenerating the 60-hectare area, creating a fantastic mixed use waterfront. The area will be separated into five different neighbourhoods, including Central Dock (for leisure, entertainment, residential and business developments), Princess Dock (for a cruise liner terminal, hotels, leisure facilities, residential developments and office spaces), King Edward Rise, Clearance Dock and Bramley Moore Dock.
Such regeneration and improvements are anticipated to increase tourism in the city too. Liverpool is already one of the most visited UK cities, with 54 million visitors a year, yet this is expected to increase, contributing to the thriving economy.
The Liverpool Property Market
Like many northern UK cities, Liverpool is attracting investors to the north of the UK with the ability to achieve high rental yields, with lower purchase costs when compared to the south of England, and Liverpool was even pointed out as the best city for high yields and its buy-to-let investment options. The city is experiencing a surge in demand for property in the area, as a result of the increasing population, with house prices and rental prices increasing as a result of this.
Student property investment in Liverpool is also something that appeals to investors, continuing to attract investors even when Brexit caused issues for other markets, such as the buy-to-let market. With large and growing demand for student accommodation, and high rental yields from low purchase prices, Liverpool is a fantastic place for student property investment. The University of Liverpool and Liverpool John Moors have over 70,000 students, meaning that student accommodation is in high demand and is unlikely to slow down at any point in the near future.
