The changing skyline of the city becomes more beautiful with added towers, tourist attractions and shopping districts. In 2004 the Paradise Street Project began, a £920m investment that lead to the opening of Liverpool ONE in 2008. Liverpool was awarded European Capital of Culture in 2008 and, spearheaded by the Paradise Project, has incurred incredible and unprecedented growth. The 11,000 seat Arena and Convention Centre also known as the Echo Arena opened in 2008 on Liverpool’s Waterfront. Since then, what Liverpool has to offer continues to soar. Bold Street is a hive of unique and independent businesses. The Baltic Triangle area of Liverpool is the fastest growing area of the city, a hub of creative, indie businesses. In December 2015, Liverpool was honoured with a ‘City of Music’ UNESCO.
There are still parts of Britain where landlords can make decent yield, such as in Liverpool, where its 70,000-strong student population has helped boost demand for rental properties.
The average price of a property in Liverpool city centre last year was £135,061. That is six per cent higher than the previous year, yet still well below its 2008 high – right before the financial crisis – when the average was £175,423. That paints an attractive picture for any would-be investor.
Rachel - Lettings & Sales Manager - Winter 2019