A North West capital of culture
Taking the second spot on the HSBC’s table of the best UK hotspots for best buy to let returns in 2015, Liverpool has a population of over 466,000 and is widely known as the city of culture heritage and people.
Liverpool’s capital of culture-led renaissance has seen its historic waterfront receive UNESCO (United Nations Educational, Scientific and Cultural Organization) World Heritage status, coupled with an abundance of ambitious investment developments, accommodating new-build penthouses, apartments, business space, together with leisure, retail and cultural attractions. This is in addition to the construction of the largest open air shopping centre in the UK, Liverpool ONE.
The city’s three universities continue to grow at pace, resulting in Liverpool welcoming over 50,000 students during any academic year. The continual need for high quality rental properties to accommodate the growing demand from students and the city’s working professionals has resulted in Liverpool being an attractive proposition for any investor.
Housing over 252,000 businesses and gaining visitor spend worth over £3.64 billion, Liverpool’s regional economy is worth more than £20 billion alone. With a planned £7 billion worth of projects set to be delivered over the next ten years and a £300 million two-post Panamax floating terminal set to open towards the end of 2015, Liverpool has firmly cemented itself as a heavyweight city to be considered for investment.
The demand for high quality apartments in the city and around the dockland area continues to rise. Not only is quality accommodation needed to house the city’s working professionals, but also the large student population. Liverpool also forms part of the government’s plans for the Northern Powerhouse, which is likely to see demand soar even further. These plans link the five ‘core cities’ of Manchester, Liverpool, Leeds, Newcastle and Sheffield to boost economic growth throughout the North of England. This plan will continue to drive investment and attract more residents and visitors into the areas.
We strive to provide investors with buy-to-let yields of around 7-8% in Liverpool, far beyond the average rate.