Considering investing in property? There are a number of reasons to do so in 2023. Of course, it isn’t as easy as simply laying your money out on the table and watching your portfolio grow - you’ll want to ensure the location in question and assets themselves are satisfactory. The bustling and culture-rich city of Liverpool is a great place to start, and within this extensive blog, we’ll outline some of the primary benefits of acquiring property locally. From the stable local economy, to student rental opportunities and fantastic connections to Northern England, let Lev Properties lead the way!
Property Investment Summarised
Investment property will constitute a piece of land, or a building that is bought with the intention of producing a financial return. This is contrary to the more common action of buying property for personal use, or occupation by the owner. Financial returns can come in the form of rental income or from long-term appreciation, as land and property historically tend to gain value over periods of time. Lev Properties are committed to making the process of buying an investment property simple for you. Stress-free and incredibly rewarding for our clients, we understand that you are as driven to succeed as we are. We ensure everything is arranged on your behalf, from securing properties at auction to finding a tenant, all while maintaining open lines of communication throughout every stage of the process.
The World In One City
Known affectionately as ‘The World In One City’ this nickname could hardly be more appropriate for the 2008 European Capital Of Culture. A melting pot of varied backgrounds and lifestyles, Liverpool is a city with its own unique style and way of life. With more galleries and national museums than any other city in the United Kingdom apart from London, and a thriving music scene which has counted The Beatles and Gerry And The Pacemakers as notable names, tourism is a fantastic market to tap into for property investors. Ultimately, the mix of friendly locals and enthusiastic visitors is a fantastic mix, and from the famed dockside, to the futuristic business quarter, there’s something for everyone in Merseyside.
Industry And Growth
Liverpool has recently been ranked as one of the UK’s best cities for economic growth potential, with manufacturing a vital asset to the Liverpool City Region economy. Supporting nearly 50,000 staff in 3,000 companies, and directly contributing £3.2billion to the overall economy, manufacturing isn’t the only industry to thrive within the city, as the digital, creative and healthcare sectors are also making waves on a nationwide and global scale. Liverpool’s economic growth is expected to continue well into the decade, with significant house price growth in tandem - presenting huge opportunities for investors.
Connected To The North
Being a large city, Liverpool's winding streets and roads can be perplexing for anyone, let alone newcomers. It's crucial to be aware of options for getting around the city in advance. The public transport system in the Liverpool City Region is efficient, while The Wirral and Northern Line networks are used by the Merseyrail network to connect Chester, Wirral, Southport and Liverpool Airport seamlessly. Information on how to get around can be found at local travel centres, and accessibility is a common feature throughout the public transport networks of the city. Most of The North's major cities are easily accessible by rail, coach, or bus, with Manchester, Leeds, and Newcastle all available to visit. This makes the city particularly appealing to young professionals and those with an interest in inter-city business.
A Strong Economy
One of the biggest cities in the UK, Liverpool has over 1.3 million people living in its Larger Urban Zone, while it is also the hub of the Merseyside economic area, which is the backbone of North West England's economy. Liverpool's individual economy is currently dominated by public and private service sector industries, much like the rest of the UK. To put this into perspective, the regional economy is worth over £171 billion and comprises about 317,200 businesses. Liverpool may be a great place to start building your property portfolio with Lev Properties if you're looking for a 'big city' alternative without the excessive costs of London or the hectic, competitive market of central Manchester.
Notable Locations
Some of the nation’s most recognisable monuments are located in Liverpool, making it a fantastic tourist destination, and a timeless spot for visitors to frequent. Below are just a selection of the most prominent local spots, many of them within a short distance of our available investment opportunities:
Anfield Stadium
For supporters of the famous football club, Anfield Stadium - the home ground of Liverpool Football Club - is sacred territory. This colossal 54,000 seater stadium also houses the Steven Gerrard Collection, which includes items related to the former captain, as well as the Liverpool FC Story, a museum detailing the club's history. Whether to attend a match or simply look around, this is a certified tourist hot-spot.
The Tate Liverpool
The Tate Liverpool is a British and international gallery of current and modern art, and one of the major attractions in the Albert Docks area. Jackson Pollock: Behind the Spots and Transmitting Andy Warhol were a couple previous exhibitions, while new shows are being added every single month. Visitors are guaranteed to discover something of interest here thanks to the frequently updating exhibitions, while this is certainly a family-friendly attraction.
Liverpool Cathedral
This impressive and colossal cathedral in the heart of Liverpool was completed in 1978 and is now the eighth-largest in the world - deservedly considered a national treasure. The cathedral holds several world records, including the largest organ in the UK and the broadest and tallest gothic-style arches in the globe. The tower offers breath-taking views of the city, perfect for taking in the many sights of the area.
The Beatles Story
This museum devoted to the Beatles is jam-packed with artefacts from the Fab Four, including George Harrison's first guitar and John Lennon's orange-tinted glasses among other timeless items. A full-scale recreation of the renowned Cavern Club and a walk-in yellow submarine are among the exhibits, allowing visitors to follow the lives of Liverpool's hometown heroes and the fanatical emergence of Beatlemania.
Radio City Tower
The Radio City Tower, which dominates the Liverpool skyline at 138 metres (452 feet), has an observation deck from which you can see the entire city and beyond. The tower was first constructed in 1969 as St. John's Beacon, constituting a ventilation shaft with a rotating restaurant atop it.
Lev Properties: Liverpool Properties And Local House Investment Opportunities
At Lev Properties, it is our priority and commitment to work directly with you to achieve your investment goals and objectives. As a matter of priority, we will listen to you and your needs throughout the investment process, all while utilising close to 20 years of property investment knowledge and expertise! We provide a fully managed service, from start to finish, with a robust and highly experienced team featuring property managers, agents, inspectors, maintenance staff and construction crews.
We’re a leading company for Liverpool investors, providing a comprehensive, fully managed property investment service - that puts you and your needs at the very core of its ethos. We currently manage approximately 900 properties on the British market, and as such can boast an impressive and varied property portfolio. Interested in learning more about investing? Have a chat with one of our friendly advisors by contacting us - we would be happy to help!
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