With an economy growing at one of the fastest rates in the UK, Liverpool has emerged as a property hotspot within the Northern Powerhouse. Bolstered by an increasing demand for city centre accommodation, from a progressively wealthy and mobile workforce, there is a 22.8% property price growth predicted by 2021.
The Liverpool city region has fast become a significant contributor to the Northern Powerhouse, as new powers, responsibilities and resources are provided by the government, seeking to rebalance the economy.
Substantial investment over the past decade has helped the city to expand its job market, academic offering and social presence. These investments have helped to attract a younger and more mobile workforce with money to invest.
Currently, its property market provides an ideal balance of reasonably low property prices and fairly high rents, alongside a projected increase in value over the coming years.
Orleans House, Liverpool’s latest development by Delph Property Group, confirms continued interest in North West properties, with over 20% of apartments selling within three days of going on the market. The development allows investors and buyers to purchase a luxury product at a cost-effective price; something which is no longer possible in larger, Southern cities such as London and Bristol.
Richard Forman, Head of Sales & Marketing at Delph, commented “New build developments are in short supply in Liverpool and investors across the UK are competing with first-time buyers to purchase them. The North West is beginning to offer fantastic returns on capital for investors and with the Liverpool property market stabilising and recovering well post-recession. Confidence is certainly on the up in the city.
“Our early success with Orleans House clearly shows there’s a huge appetite for investment opportunities in the North.
“At Delph Property Group, we currently see huge potential in both Manchester and Liverpool. Several years ago, properties in these areas would have been a risk to purchase, but we are now confident it will produce strong rental yields as the North West revival continues.”
Since 2013, Liverpool’s growth has been tremendous and this is perhaps best reflected in its house prices. These have been amongst the strongest in the UK and continue to rise by 7 – 8% per year. It has also become a significant target for buy-to-let investors, offering some of the highest rental yields in the country.
To register interest in Orleans House, visit orleanshouseliverpool.com or call 0151 236 7777.
"Our early success with Orleans House clearly shows theres a huge appetite for investment opportunities in the North."
Richard Forman, Head of Sales Marketing at Delph
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