Property Investment opportunities aplenty in Liverpool – Yeah, Yeah Yeah!
In the 1960s Liverpool was the city that, for a while, defined everything that was ‘cool’ and ‘swinging’ about England. The Beatles and the many other Liverpool based acts who created the famous ‘merseybeat’ sound spawned worldwide success for British entertainers. The Cavern Club, the Mersey ferry, the iconic waterfront Liver Building became a mecca for the fans and tourists from all over the world. The city was at the top of its game. What could possibly go wrong?
Well, within a few short years the stars who had shone so brightly had either sunk into obscurity, moved south to mansions in the stockbroker belt or decamped to sunnier climes in America. By the 1970s the city which had basked in the reflected glory of its famous sons and daughters had begun the slow decline from worldwide popularity to being a forgotten place. Even the docks, the lifeblood of the city for hundreds of years went into rapid decline as container ships stole the trade and took it to southern ports.
But now, after some 40 years of struggle to regain its status and rightful place in the world, Liverpool is back with a bang. The process of regeneration has included the Albert Dock redevelopment which encompasses the Tate Gallery which opened in 1988 and has been subsequently refurbished and improved in every decade since and is now regarded as one of the finest art galleries outside London attracting visitors from all over the world.
And there is now a real buzz about the local property market. The cranes are up in Liverpool. And cranes mean opportunities for property investors. But the great thing is that Liverpool is still cheap relative to many other cities. It ranks in only 9th place cost wise per square foot as a place to buy. But that of course means a great opportunity for capital growth.
And that also gives a good return on investment – currently about 6-7% for those into buy-to-let. The city is now home to several exciting new developments such as the 18 storey 90 million pound project Northpoint development which has now recently been granted planning permission.
Liverpool’s student population has increased significantly in recent years too, and demand for quality student accommodation continues to grow, making this area a great place to invest in.
Liverpool is one of the UK’s most accessibly-priced property hotspots. A recent study by Hometrack revealed that Liverpool has the cheapest homes of any of the UK’s major cities. Merseyside residents saw house prices nudge up 2pc in the year to April 2014 and 3.4pc in the 12 months to April this year.
Liverpool just has so much going for it. Transport links are fantastic. The John Lennon Airport handles some 4 million passengers a year on internal and international flights. The Pier Head cruise terminal opened in 2008 which means that large cruise liners can now dock at any time and are not constricted to the vagaries of the tides.
At CXG we have years of experience in all types of property investment and we have the team ready and waiting to help you build your dream portfolio. Give us a call or just pop in for a no obligation chat. You’ll be amazed what we can do for you!