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Liverpool: A city that is becoming a major metropolis

December 12, 2022

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Article Summary

Liverpool
  • In the year up to May, Liverpool saw its average house prices rise by 5.9%, above the UK’s 4.3% average, and experts predict that this trend will continue over the coming years.

  • In 2008, Liverpool was named the ‘European Capital of Culture’ for its rich maritime history, creative culture and arts heritage.

  • From 2011 to 2021, the city saw a 4.2% increase in population, highlighting the city’s recent high growth rate.

Liverpool currently boasts the UK’s second greatest regional economy, with a worth upwards of £149 billion, and it continues to grow by 15% each year. In terms of property, the city’s average net yield sits at 7%, compared to London’s 3%. The North-western city also has a five year capital forecast of 18.8%, highlighting the potential that properties have here for investors and home-owners alike.

In the year up to May, Liverpool saw its average house prices rise by 5.9%, above the UK’s 4.3% average, and experts predict that this trend will continue over the coming years.

These are just of the few reasons to invest in the growing Merseyside metropolitan borough, but here are a few more reasons as to why popularity in property here is sky-rocketing.

Sports and Entertainment

Liverpool is home to two of England’s most historically effective clubs in Liverpool FC and Everton FC. Liverpool is one of the most popular clubs in the world, boasting over 100 million followers and fans online due to their rich history and success. They have won 66 trophies in their time, tied with Manchester United for most trophies won by an English club.

Everton have more of a local fanbase, with the majority of their fans coming from the Merseyside area. They still manage to fill their stadium up come matchday, though construction is set to complete on their new state of the art almost 53,000 seater stadium prior to the start of the 2024/25 season.

Both teams cause almost 100,000 fans to make their way through the City to their respective stadiums, with a few thousand of these coming from other cities in the UK as well as from overseas too.

The popularity attracts local and international tourism, with that only going up following Liverpool’s Premier League win in 2020, with more fans than ever wanting to visit Anfield stadium.

In 2023, Liverpool will be host to the infamous annual singing competition, Eurovision as original hosts Ukraine cannot face it due to their on-going war with Russia. The competition is sure to attract thousands of spectators and tourists to the region, bringing more attention to the city and its several regeneration projects.

City of Culture

In 2008, Liverpool was named the ‘European Capital of Culture’ for its rich maritime history, creative culture and arts heritage. The city is known for its music scene specifically, famously being home to all four members of The Beatles. As the most famous and successful band of the 20th century and arguably of all time, eyes have been on Liverpool’s music scene ever since.

They are arguably more known for their indie scene now but produced several bands after the Beatles, such as the La’s and Frankie goes to Hollywood. Though there has been little mainstream success since then, it has been a hotspot for underground music.

The city of Liverpool is also known for its maritime history, once being home to one of the busiest shipping ports in the UK, becoming a hub for trading. It is also known as one of the pioneering cities of the industrial revolution, along with Manchester. Liverpool became the world’s leading city for cotton production in this time.

It is a city that is rich for both its recent and distant history, which can be explored by visiting its many museums, such as the Museum of Liverpool, Tate Liverpool and Walker Art Gallery.

In becoming a cultural hub, it has continued its transformation and regeneration, as Liverpool saw a severe population decrease upwards of 44% between 1951 and 2001, dropping from 790,838 to 439,476. From 2011 to 2021, the city saw a 4.2% increase in population, highlighting the city’s recent high growth rate.

A student city

The city has also seen its student population grow, as more international students than ever are living in the Merseyside city. With a student population of over 70,000, Liverpool has become known throughout the UK as its ‘student city’. There are 7 universities that contribute to this figure, which are only growing in size.

Its renowned night life, cheap cost of living and diversity makes it an attractive place for young people to go and complete their higher education at. The culture and history that the city has also makes it a desirable place for students to live in as they can explore the city while completing their course.

Liverpool Waters regeneration

Liverpool Waters is an on-going project on River Mersey that all-in-all will incur a cost upwards of £5.5 billion. It is to be a prime commercial and residential area, showing Liverpool’s intent to ‘completely transform the city’s northern docks, creating a sustainable world-class, high-quality, mixed-use waterfront’ by their own words.

The regeneration scheme has plans to make use of 20 million sq. ft of mixed use development floor space across 60 hectares, extending to over 2km along the riverside. It will be home in the coming years to many new homes and social spaces, as the city aims to become more sustainable and modern, much like other Northern cities are doing.

A notable area that has been successfully regenerated is Baltic triangle. Once an industrial area, it is now an independent creative & digital district, home to the city’s innovators and entrepreneurs. It is host to bars, restaurants, studios and other creative spaces. The district also occasionally hosts events, drawing larger crowds.

Hampton Place

Just minutes from Liverpool Waters, we have a brand new development that has just gone on the market. Hampton Place is a new build development of four townhouses in the City Centre’s thriving Georgian district, providing a welcome offer in this rental location that is continuously growing in popularity. The regeneration plans for the Liverpool Waters area will create a new residential destination which includes these modern-styled urban residential townhouses.

Artisan shops, independent bars and restaurants surround the development, making it a true urban hotspot for residents and visitors alike to enjoy. This is the new way to do city living in the heart of one of the UK’s most thriving city centre neighbourhoods. The high specification townhouses include four-bedrooms each with private parking for two vehicles.

To find out more about Liverpool and the properties we have available there, click here.

Contact us

To learn about the property investment opportunities above, or to find out more about how property investment works, get in touch with the experts at North Property Group today.

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