Liverpool is one of the greatest success stories of regeneration in the UK as Liverpool witnesses UK’s greatest regeneration schemes. Once home to a global shipping industry and the Beatles, the city now houses 1.3 million people. 2.2 million also live in the larger metropolitan area. Furthermore the city is establishing itself as one of the country’s most important digital and technological hubs.
Numerous regeneration projects have helped lead rapid population growth in recent years. Thanks to these schemes, Liverpool is incredibly well positioned for global property investment opportunities.
The history of Liverpool has lent itself to a variety of regeneration schemes over the years. The former shipping sites have been incredibly advantageous for property developers and investors. Such investors have established a £5.5billion Liverpool Waters district spread over five neighbourhoods in the docklands area. This 60-acre site encompasses 9,000 homes and hundreds of offices. There is also a cruise terminal, hotels, bars and a of course, a landmark 55-story tower.
Beatlemania introduced Liverpool as a flourishing music scene and helped music become a central part of the city’s culture. In 2008 Liverpool became that year’s European Capital of Culture. Since then numerous cultural developments have taken place. First, the city delivered a £50million overhaul of Liverpool Central Library . Then, came the £260million regeneration of Anfield Stadium and the surrounding area. The development would refuel the dreams of many Liverpool fans, but also deliver 1000 new homes.
A creativity district is planned at the Ten Streets development which will generate 2,500 jobs and provide a range of amenities. Just north of Liverpool City Centre, the £15million Jennifer Project will create a world-class retail and leisure destination.
New developments require infrastructure, and two major projects are currently underway to support the city’s regeneration schemes. Liverpool Lime Street railway station is undergoing a major overhaul to improve the station’s platforms and tracks. This will increase services per hour and enable longer trains, with increased capacity.
Liverpool John Lennon Airport has plans to increase capacity to 7.8 million in 2030 and to 11 million in 2050. Proposals have also been made for a potential runway expansion for transatlantic flights. The terminal building extension comprising hotels, retail and restaurant outlets, and car parking.
A true success story
After years of population decline, eventually the first decade of the 21st century saw Liverpool’s population grow by 5.5%. This has led to increase in housing requirements, especially in the city-centre by young professionals. The demographic tends to favour urban living over suburban commutes. Privately rented properties in Liverpool are 23.4%.
Liverpool has a thriving economy with a GVA of £10.6 billion, and the number of business in the city-centre is now at a 5-year high. Seen by house price growth is the real achievement. Property prices in Liverpool have risen by 648% since 1981.
The future of Liverpool
The Liverpool success story will continue to grow and flourish as Liverpool witnesses the UK’s greatest regeneration schemes. The Ten Streets and Jennifer projects are being supported by The Tannery residential development. Both boast a premium location, luxury recreational facilities and a 24/7 reception and concierge service.
Therefore there is no better time to invest in this truly modern success story. Find out more now.