25 May by Amy Jackson

Liverpool Population Doubles After 10 Years On The Up

Liverpool Population on the Rise

According to recent reports, the Liverpool population has experienced an immense rise in the past decade, specifically in the city centre. When crunching down on numbers in the Liverpool population, 2017’s figure of 29,060 was double that of the previous 15,271 people living in the centre of Liverpool in 2006, meaning Liverpool has the fastest-growing city centre of recent years.

So we know that the city centre of Liverpool has seen an increase, but what is the population of Liverpool as a whole, and what do national statistics reveal about how it has grown? For the Liverpool population, 2018 was another big year for growth, with the city’s overall population standing at around 493,856 in 2018 according to UK population statistics. This highlights a 0.94 per cent rise from 2017 when the Liverpool population stood at 489,241. The largest Liverpool population growth happened between 2015 and 2016, when the figure of people living in Liverpool rose by 1.67 per cent.

It’s evident that both the city of Liverpool as a whole and Liverpool city centre are seeing some significant growth – so what are the reasons for this?

Liverpool Property Investment 2019 Guide

Liverpool Property Investment 2019 Guide

Download

The Liverpool University Population and young Demographic is driving Growth

block-img

Liverpool has an Influential Young Population

Demographic breakdowns highlight the heavy influx of young people as a key driver for this Liverpool population growth, with 75% of Liverpool city centre residents being aged between 17 and 29. Around 21,551 individuals were recorded in this age range during the middle of 2016, with many of them assumed to be young professionals taking advantage of Liverpool’s eclectic employment opportunities. Liverpool is home to some big business names like Matalan and Shop Direct, along with smaller, more independent start-ups based in the city’s thriving Baltic Triangle district.

Liverpool’s stance as a top student city is also said to have some influence on the city’s increasing population. High numbers of younger people are thought to be partly down to the economic success of Liverpool’s three universities, which all feature in the top 60 official University League Tables. The Liverpool university population stands at over 70,000, with the majority of students living in city centre accommodation.

block-img

The City has a University Draw

The city’s award-winning institutions are attracting a big student population, as UK undergraduates and postgraduates are attracted to the likes of Liverpool’s innovative research and development programmes plus state-of-the-art learning facilities. The reputation of these top institutions has kept Liverpool in the limelight as a popular student city and retained the young population of Liverpool demographics for 2017, 2018, 2019 and beyond.

Both students and young professionals are helping to bump up population statistics, and their growth is most likely attributed to Liverpool’s unique sense of city life, along with the extensive regeneration schemes planned with the help of Liverpool City Council and various developers. It’s no coincidence that the population of Liverpool has surged in line with exciting new development projects such as the Baltic Triangle and Rope Walks, and the long-awaited Liverpool Waters project which is currently planned for the famous docks in Liverpool.

block-img

Liverpool is an affordable City to live in

Liverpool is widely known as one of the UK’s most affordable locations. Everything from property to a pint of lager is cheaper in Liverpool than in many other cities, especially those down South. The affordability of Liverpool has fuelled this population growth as more people have chosen to move to the city from more pricey areas like London. In recent years, record numbers of young people had moved from London to the North West region, taking advantage of the lower prices and thriving business prospects.

The average property price in Liverpool is around £130,000, while the average rent costs around £790 per month, attracting a lot of people from lower average ages. Of course, these figures are just an average and can vary by property type and location. For instance, the rent of a two-bedroom flat in the South Liverpool district could cost around £600 a month, which is a lot lower than what tenants would pay in London. Due to the fact that Liverpool property prices are so low, however, average rental costs in Liverpool still allow investors to generate some attractive rental yields.

block-img

The Impact of Liverpool Population Growth on the City’s Economy

Liverpool’s increasing population statistics are playing a big part in the growth of the city’s economy. When the population of a city grows, this has a knock-on effect due to the demand for new attractions such as bars, restaurants, shops and nightlife venues. This is especially true for cities with large numbers of young professionals and students, which explains, in part, why Liverpool’s economy is growing so rapidly.

According to Government data in 2018, Liverpool City Region has had the highest amount of growth compared to any Combined Authority area in England, with statistics revealing a 3.3 per cent growth rate in 2017. This is higher than England’s average, which is a growth rate of 2.0 per cent. It is thought that the strength of sectors like education, construction, health, manufacturing, information and communications, and wholesale and retail have helped lead this growth. Many of these sectors, such as the education sector, have been enriched by the population of young people in the city.

block-img

Steady and Continuing Growth in the City

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. Liverpool investment is no doubt contributing to the success of the city’s economy. Along with Manchester, Liverpool is considered one of the top UK cities for property investment due to the high rental yields, strong capital growth, and high rental demand thanks to the city’s growing population.

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, while 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, particular with the city centres population growth.

The affordability in Liverpool has fuelled this population growth as more people have chosen to move to the city from more pricey areas like London.

Sarah Roberts, RWinvest

Find your Ideal Investment Property

Start Search

Looking to the Future of Liverpool

What do we offer?

Hands Off
Investments

Below Market
Value prices

High Rental
Returns

Potential for
Capital Appreciation

Exclusive

Parliament Square

L1 City Centre Postcode

Liverpool Prices from £94950

7% NET Rental Return

Rooftop Spa and Indoor Pool

New Units Available

City Residence Apartments

Deluxe Apartments with Balconies

Liverpool Prices from £101995

7% NET Rental Return

Near £5.5 Billion Regeneration Area

Units Back On

Kings Dock Mill

Iconic New Development

Liverpool Prices from £175000

7% NET Rental Return

15% Below Market Value