Liverpool is one of the hottest investment spots in the country. A recent analysis of Land Registry data shows that even though Liverpool’s house prices increased by 41%, one of the highest growth in housing prices for cities in the UK, the average house price in the city is just £140,000. The reasonable prices and remarkable promise of growth in the city has started to draw in more and more investors each year.
- Regeneration worth billions
- This new build off plan property is next to the business district
- High yields achievable with optional assured rental scheme
- Strong local economy
- Prime city centre location
- Preferential terms and rates
Investment in Liverpool
Liverpool is part of the core cities of the government’s Northern Powerhouse project that aims to rebalance the UK’s economy from London and Southeast England to Northern England. Following the Northern Powerhouse project is a £1.5bn investment in the regeneration of areas within the city. Due to the rising prices, investors that are getting priced out of the market in London are now looking at the Northern Powerhouse cities for higher yields.
Liverpool is now a very attractive international investment option for investors looking at Northern UK cities with high growth potential. A new 12-storey hospital, Royal Liverpool Hospital, worth £429m, will provide 650 beds, 18 state ofthe-art theatres, 23 wards and units, a large clinical research facility and cancer centre. The hospital is set to open in 2017/18.
Over the last decade, Liverpool has attracted over £5bn of physical investment, according to Invest Liverpool. It estimated in June 2016 that the total value of investment currently being poured into Liverpool reaches £7bn. A £40m development is set to be built on a hilltop site above the city centre. It will contain a 146 student apartments and 246 private apartments. In April 2017 planning was permitted for a high rise towers across several developments in Liverpool. These include:
- Infinity - a £250m scheme that will produce 1,002 apartments, a luxury spa, gym and pool and more than 10,000 sq ft of commercial space. It’s expected to complete in 2019
- Ovatus 1 - a £35m scheme that will produce 168 across 27 storeys. Work is expected to start in September 2017
- Bevington Bush - three residential blocks of between nine and 19 storeys containing 381 apartments
- Bankfield College - redevelopment of the former City of Liverpool College, which will contain 98 apartments
- Swainbanks - three blocks of 346 apartments, which will also contain commercial units
Liverpool City Council is pouring around £13bn into rejuvenating the city to attract more business and residents. £1bn Liverpool Superport investment will see thousands of job opportunities and further open up Liverpool for international business.
On top of all these economic developments, Liverpool houses three universities which see over 75,000 graduates a year, with 60% of graduates choosing to stay in the city after graduation. The high student population and growing number of young professionals have created high demand for rentals as well as home purchasing. Population growth is estimated to grow by 4.8% between 2014 and 2024, while employment growth is predicted to reach 2.6% between 2015 and 2020, outdoing major cities such as Paris, Berlin and Tokyo.
The development is located in an exciting part of the city, in one of the most sought after post codes of Liverpool. Round the corner from the city's major business area, it's set to benefit early on from growth as areas of large-scale employment is a known driver of growth in major cities.
Employment & the Liverpool economy
The city is part of the Northern Powerhouse, a government led proposal to boost economic growth in the north of England. A total of £3.4bn will be invested in the North through growth deals, with a further £70m allocated to the Northern Powerhouse Schools Strategy, and £13bn on transport. Liverpool City Council is pouring around £13bn into the city.
Some £400m will create Liverpool2, the UK’s most central deep water terminal, located at the Port of Liverpool. It will help allow global services connect to the city by enlarging the current capacity. It’s expected this will add around £5bn gross value to the local economy and create over 5,000 jobs. The port will also see a new Cruise Terminal Facility worth £50m erected on the River Mersey, which will help increase the port’s current capacity of 60 vessels, with 120,000 passengers and crew. Liverpool is the fastest growing economy outside of London, generating around £17bn per year and worth an estimated £156.8bn.
Today, the city is home to around 294,200 businesses with access to close to six million customers. It saw an astonishing growth of 34% from 2004 to 2012, and has an economic output per job in advanced manufacturing estimated at 7% higher than the UK average. The sector in Liverpool is expected to grow a further 22% over the next 10 years, compared to 19% nationally.
Education in Liverpool
Liverpool has 133 primary schools, 46 secondary schools, four preparatory schools, six special and alternative schools and two senior and all through schools. The Liverpool Institute of Performing Arts (LIPA) is one of the UK’s most prominent schools for the performing arts. It was founded by Sir Paul McCartney and Mark Featherstone-Witty RNOM OBE in 1996. In September 2003, LIPA launched LIPA 4-19; a part-time performing arts academy for 4 to 19 year olds.
Since then, a satellite school and associate academies have also been launched. LIPA started its own primary free school in 2014 and its own sixth form free college in September 2016. Other further education organisations include: City of Liverpool College, St Edward’s College, Bellerive FCJ Catholic College, and Liverpool College, one of few state boarding schools in the UK.
Liverpool is home to three universities: University of Liverpool, 24,775 students in 2015/16, Liverpool John Moores University, 21,875 students in 2015/16 and The Liverpool Hope University, 4,940 students in 2015/16. The University of Liverpool is a member of the prestigious Russell Group of Public Research Universities, and one of the most renowned universities in the country. It’s also one of only six red brick universities in the country.
Shopping and Leisure in Liverpool
Shopping & Dining: One of the major developments in recent years is Liverpool ONE which has propelled Liverpool into the top five of UK’s top retail destinations. It’s home to over 170 shops, bars and restaurants. It also contains a gym, an 18-screen Odeon IMAX cinema, the Jungle Rumble indoor 18- hole adventure golf course and two hotels (the Hilton Liverpool and Novotel.) The Metquarter, a high fashion shopping centre also near the city centre has also been a major drawing point for retail and shopping in the city. Places surrounding Liverpool One, like the Docks, and Hanover Street are also the main dining districts in the city.
Sport & Culture: Liverpool FC and Everton FC are known to many football fans worldwide as two of the most successful teams in England, as such, it draws quite a bit of tourism from football matches. Anfield is home to Liverpool FC. The stadium itself is the sixth largest in the country. Expansion of the stadium’s Main Stand was completed in mid-2016, and is now one of the largest all seater single stands in Europe, with a 54,000 visitor capacity. There's also Aintree, Home of the Grand National and Haydock racecourse not far away.
Shops & Leisure: Allerton Manor Golf Club offers an 18-hole golf course just a short journey from Liverpool city centre. For the more discerning golfers, you also have plenty of challenging links golf courses such as Royal Birkdale, Hoylake, Formby, West Lancashire and Hillside. For those who are not much of a sports fan, there’s always The Beatles experience, several magnificent museums such as the Victoria Gallery and Museum, The TATE Museum, The Walker Art Gallery and the ship canal, The Museum of Liverpool, and many more. Aside from all these, several areas in Liverpool’s city centre has been named UNESCO World Heritage Sites, and labelled as ‘Liverpool Maritime Mercantile City’.
The city offers a rich and diverse music scene and plenty of venues to experience performances firsthand. The Royal Liverpool Philharmonic offers performances by its own orchestra, as well as world music, opera and contemporary music. Green Spaces: Sefton Park is a Grade I historic park and one of the biggest and most beautiful parks in the city, with 235 acres of green spaces, facilities, and attractions. Liverpool also has 43 outdoor playgrounds for children of all ages around the city.
By Air: Liverpool’s John Lennon Airport offers services to 68 destinations in the UK and Europe. Liverpool is also a 30 min train ride away from Manchester’s International Airport, which offers services to over 225 destinations around the world. Manchester Airport is around 51 minutes by car or 1h 9 mins by public transport.
By Rail: The city has a very well connected rail network. Liverpool is one of only four cities in the UK with an underground rail network. The local rail network, run by Merseyrail, provides efficient and affordable travel throughout Liverpool, Merseyside and other nearby areas including a tunnel link to the Wirral. The national rail network connects Liverpool to other major cities in England such as Birmingham, Manchester, Sheffield, Newcastle, Leeds, etc. and only 2 hrs travel time direct to London via Pendolino Trains. The main rail network station is Liverpool’s Lime Street station. The High Speed Rail project (HS2 / HS3) is a highly anticipated railway connection from London to Northern Cities in the future and will further reduce travel times between the capital and Liverpool.
By Road: The M62 motorway is Liverpool’s main connection to other major cities in the UK. The M62 also provides connection to the M1 and M6 to connect to distant cities such as Birmingham, London, and Nottingham.
By Sea: Ferry services across the Irish Sea to destinations such as Belfast, Isle of Man, and Dublin can be accessed through the Port of Liverpool through services provided by companies like Stena Line
Brett says: "Liverpool is an economic Powerhouse in its own right"
We’ve been waiting for the right moment to start investing in Liverpool, and this is it. To say regeneration here is large-scale is an understatement, with thousands of homes, retail units, commercial spaces and employment opportunities being created across the city.
This development is in a prime location, right on the edge of the business district, the main driver of growth in any city. Liverpool already has a strong local economy, one of the strongest in the country in fact, thanks to a growing tourism industry and being the home of several national and multinational companies.
Liverpool is part of the Northern Powerhouse, and saw a growth of 3.1% in 2015, rivalled only by Manchester at 3% in the Northern area. In contrast, London saw growth of 1.6%, and the national average was 1.7%, almost half of what Liverpool achieved. It’s no wonder private investors are pouring money into the city. And now’s your chance! Don’t miss out on this fantastic development. Call your Property Consultant for more information.