According to Andrew Bounds of the Financial Times Liverpool has benefited from more than £5bn worth of investment in the last decade, with the port of the city also profiting from a reported £300m investment from the owner of the site Peel Group.
This investment has doubled its container capacity, meaning that its capability to support business in import and export has vastly increased, pumping vital money into the local economy.
In the ports of Liverpool, the Cammell Laird yard, once in administration, is now a buzzing hub of activity which welcomes enormous cruise ships from all around the world.
Companies are now flocking to locate to the city with names such as Deutsche Bank, Jaguar Land Rover and Unilever now calling the city home. They’re creating jobs, too, with employment now rising faster than before the 2008 recession.
Now seems an apt time for Liverpool to truly flourish as a European city of culture, of which it was named the Capital of Culture in 2008, marking the start of an inspiring journey that has brought us to the present day.
It’s not just business, jobs and culture that are thriving, though. The city’s property market is also humming with activity and leading the way, along with Manchester, in the Northern Powerhouse property gold rush.
In an article for The Express, published in November last year, it was reported that Halifax predicted that property prices in both Liverpool and Manchester could be some of the fastest growing in the UK across 2017. The article stated that homeowners in Manchester and Liverpool could see their properties become among the most profitable in the UK.
Off-plan and buy-to-let (BTL) property is booming in the area as well, with capital appreciation, yields and rental growth all strong in the city centre and surrounding areas.
As the Northern Powerhouse areas benefit from a raft of investment into its transport links, it has meant that businesses seeking to relocate out of the South East are now setting their sights solely on the North, with Liverpool one of the hottest locations.
Rental growth is moving quickly thanks to a healthy job market with digital tech and finance at its centre. High quality, blue-chip career opportunities along with high quality housing has definitely generated a buzz in the area.
From uncertain and bleak times just 30 years ago Liverpool has experienced a real renaissance, making it one of the most promising cities in the UK. At Liverpool’s centre is a vibrant and beautiful city keen to play host to arts, culture, business and people. From the wonderful docks, to the beautiful new apartments being built all around the centre, to the legendary nightlife, people love Liverpool and it’s now bearing fruit for the local economy and employment market.
Liverpool, once again, is buzzing, and if property prices, economy growth and investment are anything to go by it’s a city that is ripe for investors to get involved in.