Regeneration of Liverpool – A Property Market On The Rise

The regeneration of Liverpool is in full swing. Read more to find out what is driving the growth in Liverpool's property prices and regeneration initiatives.

So, what could your city do with an extra £14bn?

Well, let us look at the regeneration of Liverpool, which is undergoing a £14bn regeneration program.

At the top of the list, we will see the redevelopment of the iconic waterfront. I am particularly drawn to sites overlooking water, so I am looking forward to seeing this transformation.

And that’s not all.  According to Regenerating Liverpool:

“In the next five years Liverpool will deliver 10,000 new homes, Everton Football Club’s new stadium, a new cruise terminal, a new TV and Film hub, £250m of road infrastructure and 2 million sq ft of commercial office space.” 

Boom! As you can see, the regeneration of Liverpool is in full swing and this makes it an ideal place for property investors to invest – and grow – their property portfolios.

Exciting times indeed. Now let us take a look at three of Liverpool’s key regeneration initiatives.

Ten Streets

Some may say three is the magic number, but Liverpool City Council would argue that ten is the magic number.

Ten Streets is Liverpool’s new creative district and comprises over 125 acres. Soon this former docklands will be transformed to provide spaces for creatives, entrepreneurs, pioneers and thought leaders.

The Ten Streets vision is focused around 10 BIG ideas to regenerate the northern edge of the city centre and the landmark Tobacco warehouse at Stanley Dock, which lies within Liverpool’s World Heritage Site.

According to the Liverpool Echo, “Liverpool City Council has already made a big commitment to improving transport infrastructure in the area and is currently investing £100m in upgrading the roads, creating a new cruise terminal and is in talks to establish new rail connections.”

It is expected that the Ten Streets initiative will help to generate up to 2,500 jobs. All this economic activity will act as further catalysts for the growth of Liverpool.

You can watch the Ten Street story by clicking the link below:

The Anfield Project

Liverpool Football Club – Champions League Winners 2019!

The one guarantee when you visit Liverpool is that you will have a conversation about the beautiful game.

In June 2019, Liverpool Football Club were crowned Champions League Winners for the sixth time, which is more than any other English club.

However, It is not only on the football pitch that Liverpool excel.

Since October 2012, The Anfield Project has been transforming the community that sits in the shadow of Liverpool Football Club’s world-famous Anfield Stadium.

The project is a partnership between Liverpool City Council, Liverpool Football Club and Your Housing Group.

In January 2018, Liverpool Football Club paid a record £75 million to acquire the talents of Virgil Van Dijk.

The good news is that even more was invested in the Anfield Project, with over £260 million earmarked for the scheme, which will see the creation of 1,000 new homes.

A key element of the scheme has been the expansion of the football stadium to a capacity of 54,000 by building a new main stand; this £120 million project completed in August 2016, along with a new public square.

An expanded football club shop opened in summer 2017 as part of a new high street, while on the western side of Anfield Square, a new £10 million training hotel is to be built.

There will be a plethora of new shops leading up to the stadium, alongside new roads and various business initiatives.

Anfield Sports and Community Centre has been refurbished, and a new health centre and school have been built and opened.

All in all, I expect to see areas in and around Liverpool’s Anfield stadium continue to be modernised – and this will be a catalyst for growth within the nearby communities.

Knowledge Quarter

Knowledge is power and the people of Liverpool know this very well.

Liverpool’s Knowledge Quarter is already home to thriving University campuses: Liverpool University, Liverpool University Teaching Hospital and Liverpool John Moores University – with strengths in everything from astrophysics to art and design.

A global research hub, the area is home to the Liverpool School of Tropical Medicine, Liverpool Science Park, The National Oceanographic Centre, Mersey Bio Incubator and RedX Pharma, as well as next-generation technologies incubated at the Liverpool Science Park.

The area has an incredible talent pool of people too: Liverpool is one of the UK’s most popular places to study, with over 54,000 students attending its three universities. This is one of the main reasons why so many property investors have purchased Liverpool student property investments.

Since 2000, over £600 million has been invested here, ensuring the area continues to produce the brightest minds, and the most creative entrepreneurs with a wealth of knowledge assets including major teaching, public service and cultural facilities – and a concentration of commercial knowledge-related businesses.

The buzzing Paddington Village will see up to £1 billion invested in a new Life Sciences, Medical and Knowledge Industries campus, that will include the Royal College of Physicians and the Liverpool International College among many other regeneration and growth initiatives.

We can conclude that Liverpool will continue to produce some of the brightest minds for many years to come.

How Does the Regeneration of Liverpool Impact The Property Market?

Liverpool’s £14 billion regeneration is in full swing, with monies allocated for a range of economic initiatives including Ten Streets, The Knowledge Quarter and The Anfield Project, amongst others.

The goal of Liverpool’s Local Plan is to create 38,000 new jobs and 35,000 new homes between now and 2033 – and it is forecast that Liverpool’s population will increase by 500,000 over this period.

Whenever we have a market that is creating more jobs – and a market that is having positive migration figures – we are naturally going to see more demand for housing, whether that is for rental or the purchasing of a home.

My conclusion, therefore, is that Liverpool’s property market is set for further growth; serious investors should be investing in Liverpool property now while prices are relatively low in comparison to the rest of the UK.

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So, what are your thoughts on Liverpool’s Regeneration projects? Leave your comments below.

Loxley