A clear vision and focus has been laid out by Liverpool Councillors who stress the importance of a city that caters to all ages. Plans aim to incorporate various quarters that appeal to diverse demographics, with a positive feel and quality of life at the core of all strategies for development.
So, what about economic growth? More Liverpool citizens means more Liverpool growth. The city is already experiencing a year-on-year increase of £1.6 billion in growth, and this is predicted to continue into the future. A 15-year plan for Liverpool growth includes 35,000 new homes and 370 acres of land which will provide new jobs to combat the sky-rocketing population.
For those wondering, ‘how big is Liverpool for property investment?’, the magnitude and specific profile of its tenant demand alone illuminates its superiority. Liverpool population 2018 stands at 880,000 which will grow to 970,000 by 2030 for the entire city region. Fantastic growth rates of 0.87% will see the arrival of 41,000 more people who will more than likely qualify for rented property.
The fact that the supply of available housing in Liverpool is lower than its augmenting population is great news for property investment opportunities in the city. Rental yields are reaching outstanding potential due to the lack of stock on the market, with Liverpool dominating buy to let postcode charts.
NET returns as high as 12% can be achieved in the most lucrative areas, whilst property values are also on the up. As Liverpool’s population continues to boom in a reflection of its popularity and success, investors can look forward to maximum capital appreciation on its properties as house prices inflate over impending years.