Not just football and the Beatles
Liverpool is one of the UK’s most famous cities well known for its association with The Beatles, the world heritage waterfront, fabulous architecture and sporting ties. Liverpool will always be associated with what is arguably the most famous band that there has ever been, The Beatles, and many tourists flock to the city to experience where they lived and played and to soak up the overall experience..
Liverpool originally grew as a major city through the strength of its port and manufacturing industries. In more recent times it is the service industries that dominate but the port still plays a significant part in the economy, with many shipping lines operating there.
Major tourism destination
Liverpool is now regarded as one of the fastest growing cities in the UK, with over 40,000 businesses located in the city. Retail and tourism play an important role in the regional economy, with tourism generating over £1.3 billion per year. The development of the £500 million Liverpool ONE shopping complex and Echo Arena has further established Liverpool as a major visitor destination.
Sporting heritage
Sport plays a big role in the city with Liverpool and Everton vying for bragging rights and playing a fundamental part in the character of the city. Aintree in Liverpool is also home to The Grand National, the world’s greatest steeplechase and one of the most anticipated horse races of the year.
Iconic landmarks
Liverpool is the 6th most visited city in the UK and in the top 100 most visited cities in the world by international visitors. With famous landmarks such as Liverpool Cathedral, the Royal Liver Building, St Georges Hall and The Cavern, it’s easy to see why Liverpool is such a magnet for visitors.
Universities boosting the buy-to-let market
Home to four major universities, the Liverpool student population is around 66,000 and plays a significant role in the residential buy-to-let sector. The University of Liverpool, Liverpool John Moore’s University, Liverpool Hope University and the Liverpool Institute of Performing Arts have some of the highest student retention rates in the UK, with 60% of students staying in the city and further boosting the buy-to-let market.
The Redevelopment of Liverpool
After the very successful redevelopment of Albert Docks, Liverpool Waters is a £5.5 billion regeneration project aimed at creating a multiple-use waterfront leisure quarter on the former docklands. This project will further add to the city’s cultural heritage and, together with Liverpool2, a £300 million deep water container terminal, it is sure to attract further investment into the city.
Liverpool can offer a wide and varied range of residential property such as coastal, suburban, countryside and highly sought after city centre prime residential developments. With average house prices well below the national average and the continued regeneration of the city, now is a great time for buy-to-let investment in Liverpool and Merseyside in general.