With over 900 homes given the go-ahead, a new masterplan and exciting regeneration schemes in Liverpool, the significant amount of growth and investment coming to the city is making it a top place to invest in the UK.
Liverpool City Council’s Planning Committee recently consented more than 900 homes in the city. Many of the properties are flats targeted towards students and professionals as more people move to this thriving city. With strong population growth and extensive Investment, development and regeneration coming to Liverpool, 2020 is a great time to invest in Liverpool.
Seven Capital even named Liverpool the second-best UK property investment location for 2020. With exciting developments underway, the city is also home to top-notch career opportunities and an increasing demand in the rental market.
Having been named one of the best buy-to-let hotspots in the UK, landlords in Liverpool are achieving an average rental yield of 5.82%. And the postcodes L1 and L7 are even achieving yields of approximately 8%.
Population growth
As the city is home to three universities, Liverpool is seeing a rise in population, especially among students. There are more than 70,000 university students in Liverpool, and the majority live in the city centre.
With more employment opportunities coming to Liverpool, more students are expected to remain in the city after graduation. More professionals, especially young professionals, are relocating to Liverpool to take advantage of the growth in job opportunities.
World class business location
With big changes coming to Liverpool’s city centre, a new masterplan has been approved to deliver up to 2m sq ft of commercial space over the next 15 years. The aim is to address the Commercial Business District’s decreasing supply of Grade A office space. The proposals will help promote and accelerate major inward investment, job creation and business growth.
Being transformed into a world class business location, Liverpool is expected to attract more major businesses to the city and will bring more people, jobs and investment. Liverpool’s Local Plan sets out a goal of creating 38,000 new jobs, showing additional job creation is a top goal for the city council.
Regeneration and investment projects
With nearly £14bn worth of regeneration schemes in progress or in the pipeline, the city is set for a transformative amount of regeneration. The £5bn Liverpool Waters scheme will completely revamp the city’s northern docklands area. The development will include high-specification residential apartments, in addition to business, entertainment and leisure spaces.
Liverpool City Council is also investing £150m to improve the city centre’s road infrastructure. A new cruise terminal has also been recently approved to bring further investment and connectivity to Liverpool’s city centre. These developments and investments, paired with impressive population growth and rental yields, make 2020 an exciting time to invest in Liverpool.
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