Liverpool has become a hotspot for property investors in the UK, who are attracted by the flourishing regeneration schemes in the area. That’s the opinion of the Buy Association, who report that the city has been identified by investors as having strong potential for future growth.
It’s certainly an exciting time for Liverpool, with the new Everton Stadium at Bramley Moore Dock expected to be ready in time for the 2024/25 football season. Once completed, it’s expected that it will boost the local economy by £1.3bn, through thousands of new jobs and extra visitors to the area each year.
The historic docklands have already seen significant investment, with empty warehouses transformed into residential apartments, hotels, and commercial spaces. New-build projects, such as the Liverpool Waters development, are transforming the look and feel of the area.
Caroline Marshall-Roberts, CEO of BuyAssociation, said: “We were inundated with enquiries when we released details of the most recent phase of the Liverpool Waters project in August. We’re expecting a similar response to the most recent launch, The Aquitania, and have already received a lot of interest.
She added: “It’s definitely been one of our most exciting and popular projects in the area.”
Liverpool has always been popular with property investors, because house prices are competitive, and there is a high demand for rentals, owing to a major student population and a busy jobs market.
Projects such as the Baltic Triangle, a former industrial area which is being transformed into a hub for creatives and digital start-ups, are helping to retain recent graduates, and draw in young professionals from outside the city. A thriving cultural scene, and attractive property prices, mean that Liverpool is fast becoming one of the UK’s leading urban centres.
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