Why Invest in Liverpool in 2022?
You may be wondering why you should invest in a Manhattan apartment in Liverpool in 2022.
Well, in this case, there is a bucket-load of reasons to consider Liverpool property investment.
The Champion of Capital Growth
Over the last year, the city has flourished in the property market – with Liverpool seeing the second-highest capital growth out of any city in the UK.
And there are no signs of this changing any time soon, as predictions show an 18.8% rise in North West house prices by 2026 – again, at the top level of growth in the UK.
UK regeneration projects typically cause a city to boom in rental demand and capital growth.
Regeneration is rife in Liverpool at the moment – with around £14bn being spent on boosting the quality of living in the city.
These projects include a £2bn inner-city revamp of the Knowledge Quarter, dedicated to expanding health and life sciences – one of Liverpool’s global leading strengths.
Work like this is also vital in providing new job opportunities – with around 6,000 jobs expected to be created this – which is also a great way of bringing new professionals into the area that can quickly become new tenants.
A Rising Population Means More Space is Needed
You’re undoubtedly well aware that rental demand is skyrocketing at the moment – likely a side effect of the rapidly increasing regional population.
In Liverpool, with resident numbers continually on the up, things are no different.
Between 2017 and 2021, the population increased by 1.4%, with 75% of the city centre population aged 17 to 29 – a key age group for renters.
As many are choosing to move up North, Liverpool’s population is only expected to grow even further over the coming years.
Again, for those looking for a quality investment, this should be music to your ears: as it means there is likely to be a steady flow of potential new tenants for years to come.
And what better place to start than looking at a Manhattan apartment?