A new report suggests that Liverpool is streets ahead of the UK’s other major cities, including London, Birmingham, and Manchester, when it comes to new and affordable housing. The Liverpool Echo reports on market research, which was commissioned by Beauchamp Estates and Logic Estates.
The report, titled ‘Liverpool: A Northern Powerhouse, Dockside Regeneration Property Report’, found that the average price of an apartment in Liverpool was 60% cheaper than one in London. Liverpool is seeing large-scale regeneration of its waterfront areas, including the new £500m football stadium at Bramley Moore Dock, which is due to open in 2024.
There are several new luxury waterside apartment developments, such as the Tobacco Warehouse and the Stanley Dock complex, which appeal to Liverpool’s young population. The fast-paced redevelopment of the area is expected to contribute to the cultural and economic revival of the city, which is already well underway.
Paul Finch, head of new homes at Beauchamp Estates, said: “Waterside activity is creating a highly desirable residential and leisure destination. Our latest report reveals the momentum that the residential property market is gaining and the city’s top performance, particularly in prime waterside.”
He added: “The success of Tobacco Warehouse, which is more than 50% sold in phase one, shows clearly the appetite for and appeal of premium homes in a waterside location, both within the local and wider market.”
Liverpool City Council are delivering £11bn of new investment over the next 10 years, as part of a long-term regeneration strategy. One of the key projects is the Knowledge Quarter, which encompasses two universities, and is a hub for science and technology businesses. It is also a centre for music, and the creative and performing arts.
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