The residents of Liverpool have overseen huge changes to their city over the last 40 years. Known originally as a port and manufacturing hub, the city now offers a range of financial, scientific and digital services, and as a result, is fast becoming one of Britan’s most forward-thinking cities.
Its arts and culture scene gained worldwide attention in the 1960s thanks to a little band called The Beatles, and international interest in the city has rarely wavered since. Music is part of the DNA of the city, and its influence over fashion and design can be seen everywhere you look.
The winner of the European capital of culture in 2008, Liverpool has attracted over £7.55 billion worth of physical investment over the last decade. Its unique history and coastal location make it one of the best investment opportunities in the UK. To celebrate this, we’ve rounded up nine of the best reasons for you to invest in the city, below:
It has low Entry level Opportunities
According to property website Rightmove, the average price of a sold property in Liverpool in 2015 was £149,001.
In comparison, the cost of the average property sold in London over the same period was £578,968.
Its Property Prices are Rising Quickly
Property prices in and around Liverpool city centre rose by 7.7% over the course of the last 12 months.
Only London and Manchester have seen higher rises over the same period.
It’s a Student City
With four different universities and a student population of over 55,000, Liverpool’s buy-to-let market is one of the strongest performers in the country.
Over the course of 2015, the average rental yield for a property stood at 5.16%.
It has a Huge Shipping Market
The building of a new, £400 million deep-water terminal has just completed at the port of Liverpool. The terminal, which is able to handle the world’s largest container vessels, has left the city in a strong position to be become of Europe’s leading port cities.
Its Jobs Market is Healthy
There were 34.8% more jobs listed in Liverpool over the first quarter of 2016 compared to the same period 12 months ago according to jobs website CV-Library.
That startling figure put Liverpool easily at the top rankings, with its nearest rival, Edinburgh, placing 2nd with 25.4%.
It’s Regenerating its Docklands
The city’s docklands are currently undergoing a £5.5 billion redevelopment that will turn the historic site into a vibrant waterfront with residential, office, leisure and retail buildings.
Called Liverpool Waters, the project is the second largest ever undertaken in the UK and won’t be finished for another 25 years.
It’s a Hugely Popular Tourist Destination
Tourism contributed more than £4 billion to the city’s economy in 2015 – a 7% rise on last year’s figures.
With a world heritage listed city centre and docklands, as well as being known worldwide as the birthplace of the Beatles, it’s not hard to understand why around 75 million tourists visited the city last year.
It has the Second-Fastest Growing Digital Business Cluster
Known once as a port-dominated local economy, Liverpool has placed itself at the forefront of the digital age.
According to data from Tech City UK, it has the second-fasted growing rate of digital businesses in the UK.
Its Football Clubs Attract Huge Foreign Interest
Despite the huge popularity of the Beatles in the 1960s, it’s Liverpool Football Club that now holds the mantle as Liverpool’s most famous export.
The Premier League is currently broadcast in over 225 territories and reaches close to three billion people on a weekly basis. That exposure has turned Liverpool into one of the biggest clubs in the world, with its arch-rivals Everton, not far behind.
As a result, one in ten visits to the North West of England from overseas visitors now includes going to a football match.