As of 2018, Liverpool is a hot-spot for international investment. Thanks to its thriving culture and growing economy, demand for housing is so high even developers are struggling to keep up with demand. Highlighting why international investors are turning to Liverpool. More and more investors are turning to Liverpool’s property sector to take advantage of this sellers’ market and everything the city has to offer.
City of Culture
Liverpool was 2008’s European Capital of Culture, but it hasn’t stopped there. It is now one of the most visited cities in the UK, attracting around 54 million people each year to enjoy its musical, historical and architectural heritage.
Liverpool boasts over a dozen Michel-starred restaurants and a UNESCO World Heritage site in its waterfront area. With all this going for it, it’s no wonder that the city’s tourism sector is currently worth over £3.8 billion, further showing why international investors are turning to Liverpool.
There is a vast array of redevelopment projects currently underway in Liverpool. Comprising both residential and commercial properties. As well as tourist attractions, money is being invested in Liverpool’s regeneration like never before.
But the city isn’t just focusing on the present in its projects. A 20-year major redevelopment of Liverpool will create a new ‘creative district’ for the city. The Ten Streets project will help future-proof Liverpool’s economy for years to come.
Young, Skilled and Growing
Liverpool is experiencing a boom in its young professional population. With international companies such as Santander setting up in the city and creating many new and exciting job opportunities, the number of people living in Liverpool aged 22-29 increased tenfold between 2001 and 2011.
With a variety of higher education institutions, Liverpool is also home to 500,000 students from 100 different countries.
This has all led to a growing population – in the decade up to 2011 it grew by 120,000 people.
An increasing population means a growing demand for housing. This demand is currently outstripping supply: Liverpool requires an additional 3,000 new homes to be built every year whereas the average is currently only 713. This has created a lucrative environment for investors as house prices and rents substantially rise across the city.
Named by FDI Magazine as the joint second best mid-sized European city of the future 2016/2017 was Liverpool. Its high levels of investment, skilled and enthusiastic workforce, friendly community feel and strong transport connections have led to a number of multinational companies from various business streams putting down foundations in Liverpool and investing in its economy.