Thursday 27 April 2023
Liverpool, a city known for its rich culture, history and architecture, has become an attractive destination for property investment in recent years.
With a growing population, an abundance of job opportunities and significant infrastructure developments, Liverpool offers a compelling case for property investors.
7 Reasons to invest in Liverpool:
1. Booming Economy
Liverpool has a strong and diverse economy, with several key sectors driving growth, including finance, health, education, and tourism. The city has undergone significant regeneration over the past few decades, with the Liverpool ONE retail and leisure complex, Liverpool Knowledge Quarter, and Liverpool Waters all attracting investment and boosting the local economy.
2. High Rental Demand
With a growing population and increasing number of young professionals, there is a high rental demand in the city. This demand is expected to continue to rise, with the city's population projected to reach 550,000 by 2030 (ONS 2020).
3. Strong Rental Yields
Due to affordable property prices and high rental demand, Liverpool is an ideal location for investors looking for strong rental yields. According to PropertyData, Liverpool has some of the highest rental yields in the UK, with average yields of around 6.5%.
4. Growing Student Population
More than 70,000 (and growing) students currently live in the city. Liverpool is home to several world-renowned universities, including the University of Liverpool, Liverpool John Moore’s University, and Liverpool Hope University.
5. Significant Infrastructure Developments
There are several major infrastructure developments underway, including the £5.5 billion Liverpool Waters project, which will create a new waterfront district with residential, commercial, and leisure facilities. Other developments include the expansion of Liverpool John Lennon Airport and the ongoing regeneration of the Knowledge Quarter.
6. Vibrant Culture and Nightlife
Liverpool is renowned for its vibrant culture and nightlife, with a thriving music and arts scene, numerous bars and restaurants, and world-class sporting events. This attracts young professionals and students to the city, making it an ideal location for buy-to-let investments.
7. Strong Transport Links
With direct rail connections to major UK cities like London, Manchester, and Birmingham, Liverpool has excellent transport links. The city also has a busy international airport, with flights to destinations across Europe and beyond.
Investments should ultimately be looked at for the financial gain they bring, however knowing a bit more about the history of the city you’re investing in can provide additional stature to why you might invest in the city.
Did you know…
The Beatles, one of the most famous and influential bands in the history of music were born here. The city is home to numerous Beatles-related attractions, including the famous Cavern Club, where the band played many of their early gigs.
Liverpool has more listed buildings than any other city in the UK outside of London, with over 2,500 listed buildings in total. The city also has several stunning architectural landmarks, including the Liver Building, St. George's Hall, and the Royal Liver Building.
In 2004, Liverpool's waterfront was granted UNESCO World Heritage status, making it one of only a few cities in the world to have this designation.
Liverpool was the first city in the world to have a passenger railway, with the Liverpool to Manchester railway opening in 1830.
The city is home to the oldest Chinese community in Europe, with the first Chinese residents arriving in Liverpool in the early 19th century.
As you can see, Liverpool is steeped with history, but is also very adaptive & with the current times. Plenty of regeneration, plenty going on for prospective tenants to want to live here & overall a city that’s highly investable.
If you’d like to know more about our current investment opportunity in Liverpool please click here.