The city itself is at the centre of a regional population of 1.5 million people who drive a regional economy worth approximately £30bn – with the economy of Liverpool itself more than doubling in size from 1998-2016 in line with its rapidly increasing population.
The growth seen in Liverpool is a direct result of its dynamic and creative workforce, many of whom are initially brought to the city thanks to its reputation as a world-class higher education destination. The city’s universities produce 30,000 highly trained and skilled graduates a year, with many of these graduates going on to support the city’s key sectors which include Medical and Life Sciences, Creative and Digital, Business & Financial and Advanced Manufacturing.
It is this cycle of success which keeps the city moving forward and makes it one of the UK’s best prospects for investment.
With Liverpool’s residential market already hugely popular, it could be worth exploring student investment in the city as a way to diversify your portfolio. With over 7,700 international students on campus at the University of Liverpool alone (many of whom choose to rent in private purpose-built student accommodation) the need for high-quality student properties in the city is clear.
This need for more quality student accommodation is echoed in a recent report which shows that there are now 627,000 student beds in the private sector (half of the national total), but this still only means that the private sector is providing beds for a third of the total UK full-time student body which stands at 1.8 million.
With almost 25% of UK university students coming from overseas, it is no surprise that demand pushed up rents by an average of 2.8% in 2018. International students, like those in Liverpool, are choosing to upgrade their university experience with quality rental accommodation, often choosing private studio apartments in city centres which come fully managed with extra on-site amenities. This trend only looks like it’s going to continue as the traditional concept of university halls is turned on its head in favour of a more luxury experience.
Are you looking to invest in student accommodation in Liverpool city centre? Check out Vincent House, a brand new student launch located in the enviable L1 postcode! Prices start from £62,500 and comes with a NET assured return of 7% for two years.