Liverpool, one of the top visited cities in the UK*, is a vibrant city and a centre of cultural wealth and diversity. In 2004 the city became a UNESCO World Heritage Site because of its impressive waterfront, and it was the first English city to be awarded European Capital of Culture in 2008. This has made a huge impact on the city, which is currently enjoying a period of investment and development with the help of funding from central Government and the EU.
The renaissance of Liverpool city centre and waterfront has created a wealth of city-living opportunities in new-build penthouses, apartments and houses. Further afield, the city offers a range of quality living space from thatched cottages to leafy green suburbs. With a vibrant and diverse nightlife and a range of excellent restaurants, pavement cafés and bars, the city is a great place to live, work and invest.
Open space is abundant, with more than a third of the city region being greenbelt and over 30 miles of coastline including nature reserves of national importance and the beauty of the Lake District and North Wales readily accessible from the city.
With its excellent road, rail and motorway networks, no matter where you are travelling from the city is easily accessible. Liverpool John Lennon Airport , the UK’s fastest growing airport**, is rapidly expanding with the number of destinations growing and routes already to many European cities. London is only a one-hour flight from Liverpool and Manchester International Airport is less than an hours drive away, for other destinations.
Riding high from the effect of Liverpool’s 2008 Europen Capital of Culture status, and the growth of the 3 universities, the city is enjoying a strong rental market.
Growth is strong across the whole of the city, with the city centre population set to rise to 20,000 by 2012 and over 85,000 more residents expected across the city as a whole within the next three years, commanding greater rental demand.
Between 2000 and 2008, house prices rose at a faster rate than the national average and in 2004/5 Liverpool’s house prices soared by 22%, compared to the national increase of 9% and 15% in the North West.
Liverpool ONE development, opened in 2008, involved the redevelopment of 42 acres of underutilised land in Liverpool city centre. It is a retail-led development with additional elements including leisure facilities, apartments, offices, public open space and transport improvements. The completion of Liverpool ONE has significantly boosted the local economy as well as lifted Liverpool into the top five most popular retail destinations in the UK. Liverpool ONE is the largest open air shopping centre in the United Kingdom and the 10th largest overall.
The majority of the development was opened 2008, during Liverpool's year as European Capital of Culture, whilst the final residential units opened in early 2009. The cost of construction associated with the project was £500 million, with a total investment value of £920 million.†
Liverpool is the UK’s fastest growing economy outside London and is one of the North West’s core cities and principal regional economic drivers. It has a population of over 450,000 people and is a major employment centre, with 13,500 businesses and some 186,000 jobs. Of these 87,000 are taken up by commuters from the Liverpool City region, an area of 2 million people, 70,000 businesses and 1 million jobs. Liverpool is the economic, knowledge, retail, transport and cultural centre of the City region.
Employment in Liverpool has grown by almost 15% since 2000. Many of the new jobs have been in the most dynamic parts of the economy - finance and banking, digital technology and professional services. The number of working-age people in employment increased by 4.4% between 2000 and 2006, the second biggest improvement of the UK’s major cities.
The Liverpool economy generates more than £7bn Gross Value Added - some 41.1% of total Merseyside GVA - a share that has increased from 39.7% in 1995 - and 25% of City Region GVA.‡
Liverpool is a friendly and economical base for students, with excellent opportunities for part-time work and one of the lowest costs of living in the UK.
The city is home to three world-class universities, all of which are internationally recognised and famous for their impact on industry, science and culture.
The University of Liverpool, Liverpool John Moores University and Liverpool Hope University have over 70,000 students between them, with a large population of international students. Liverpool has one of the highest student retention rates in the UK, with six out of ten students staying in employment in the city, which boosts rental demand in the city even further.
In the last 10 years
*Source : about.com [ back ]
**Source : liverpoolpsda.co.uk [ back ]
†Source : RDC Aviation 2010 [ back ]
‡Source : ONS 2010 [ back ]
††Source : Liverpoolvision.co.uk [ back ]
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