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As a buzzing metropolitan city, the economy of Liverpool has expanded at a faster pace
than the rest of the UK. This is one factor which has meant that the city’s business community has grown, increasing private rental demands within this ever expanding and increasingly popular area.
The profitable Northern Powerhouse Scheme
is set to further maximise the economy to the North with the spotlight very firmly on Liverpool. This advantageous scheme has been put in place to strengthen connectivity and create a more diverse and efficient regional economy. This scheme is set to see a contribution of over £500 million to help small and medium sized enterprises to reach their maximum ambitions as well as revitalising local economies. Liverpool itself will see an astounding monetary benefit from this investment in the region of £72million.
Return on investment sits at over an estimated £7 billion. Overseas investment will be huge in the coming years as Liverpool is set to become one of the most lucrative areas to invest in the UK with its prosperous economy set upon the luxurious docks of the River Mersey. The city of Liverpool has the UK’s largest wealth management centre outside of London.
Looking at some facts, in 2018 Liverpool hosted the worlds largest business event
for the third year running. This included 50 major events, nine high growth industry themes as well as 200 world class speakers. It should be noted that it is home to one of the largest, busiest and most diverse ports in the UK, Peel Ports Liverpool sits on both banks of the River Mersey. It’s a port
with a long illustrious history… and an exciting future. This makes up one part of the ‘Superport’ which plans to generate £1 billion by integrating the remaining ports, city airport and freight community and its surrounding logistics infrastructure into a global freight hub which is capable of handling 95% of the worlds shipping containers. its central location and highly developed road and rail networks mean that several of the UK and Ireland’s largest cities are within easy reach.
This huge and exciting investment that Liverpool has and will continue to experience will transform it into a highly sought-after place that people want to live and work. This continues growth follows a surge of investments and interest from big businesses and wealthy individuals all increasingly developing the city’s business industry. This has meant that the city’s business community has grown; increasing the demand for private rental properties within the area, and this is something that is set to continue for many years to come. Liverpool is now considered as one of the big cities of the north when it comes to property investment. Outranking the likes of Birmingham, Manchester and Newcastle.
Liverpool has seen great investment into the city over recent years, with new developments completely transforming the city. However, Liverpool isn’t resting on its laurels, with bigger and better developments on their way, including Quay Central and Park Central
on Central Docks.
Want further reasons to invest in Liverpool, look no further than the following:
• Uplift: 17.5% expected property price growth from 2018 to 2021
• Regeneration: GBP5 billion Liverpool Waters
will transform Liverpool’s historic waterfront
• Rental demand: 14.7% predicted increase in rents from 2018 to 2021
• Employment: over 100,000 new jobs forecast over the next 25 years[/av_textblock]
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