Investors Are Looking to Liverpool for Property Opportunities
Tenant demand is one of the largest catalysts that creates a successful property investment. Properties with a high number of potential residents are more likely to provide greater returns. It is important to pose the question: what value does a property with limited or no tenants have? The answer is barely any.
Population growth is a key indicator when sourcing the best locations for investment, and Liverpool is a major city emerging as one of the most sought-after hotspots. In 2018, the total population of Liverpool was 493,856, which is a 5.4% increase from 2011 at 468,131. Furthermore, Liverpool’s population has increased by over 180% since 2002, pushing the city into the spotlight for dominating the residential and student property market.
Together, students, young professionals and graduates are the ideal tenants for renting the high-quality accommodation Liverpool has on offer. World renowned educational facilities welcome a growing student population year after year, as well as producing high levels of graduate retention. Population figures are flourishing, with the forthcoming years predicted to be prosperous for the city. Predictions show that the population is expected to reach 970,000 by 2030, which will amplify Liverpool as an in-demand, unbeatable location for sourcing fruitful investments.
Regeneration is one of the major factors that underpins the success of the city, as well as gaining the attention of savvy investors looking to maximise their returns. Once known as an urban centre close to the waterfront and renowned for trade and shipping, Liverpool built on its solid roots and now receives a wealth of attention from the likes of tourists, residents and investors. Liverpool is undergoing an ambitious redevelopment programme, which aims to progress the £14 billion transformation the city has already received. It is no surprise Liverpool has been voted one of the ‘coolest places to live in the UK’ by The Times.
One of the first major changes for Liverpool city centre was the Liverpool One retail complex which opened in 2008. This development set the bar high for future plans in the city. Through a cash injection of over £900 million, the city was able to fuel the determined visions outlined over the forthcoming years. Other projects include the momentous L2 Superport, Project Jennifer, Ropewalks, and more recently the Baltic Triangle, all of which have provided extensive advancements within residential, commercial and retail sectors.
However, it is not just residential property that benefits from progressions across the city. Innovative districts, such as the Knowledge Quarter, are evolving into hubs that provide the perfect environment for student developments, whilst the Royal Liverpool University Teaching Hospital has received £335 million in regeneration to provide students with a place to work and study.
Liverpool Waters is a widespread initiative which is affecting the whole of the waterfront. The huge £5.6 billion project aims to reshape the iconic docklands area into a place to live, work and play. As one of the UK’s biggest investments in history, the multidimensional location will create boundless opportunities for investors through using investment companies like RW Invest.
Property prices in Liverpool are glorified as being a more affordable location that acts as a perfect contrast to escalating prices in the south. As the northern city gains in popularity as a desirable place to live, property prices are predicated to rise imminently. Due to the potential for large capital appreciation, this provides an incentive to invest now whilst the city is still outlining plans to be the greatest it can be. Investing now comes with the added incentive of experiencing high levels of capital appreciation, in which case your assets will have grown in value.
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