Liverpool, Leicester and Manchester’s buoyant residential market has set conditions close to perfect for investment over recent years.
These three buzzing English cities are enjoying a period of sustained economic growth, making them attractive locations for both residential property investors and first-time buyers.
But what are the catalysts that have led to the three regions’ renaissance? What sets them apart from other regional hubs, and what’s on the horizon for each of the city’s economic growth?
Our Head of Acquisitions, Nick Belkin, investigates these questions to form our new white paper; A tale of three cities.
Download the full white paper now.
Setting the scene
Proactive local councils have succeeded in attracting inward investment from the private and state sectors, fuelling the jobs market and attracting skilled young professionals. The emergence of revitalised city centres, with fantastic shops and vibrant evening economies, has coincided with a wider trend towards city living.
The net result is steadily increasing property values and Liverpool, Leicester and Manchester each now boast faster house price growth rates than London, making them ideal locations for investors or owner occupiers.
Five factors this white paper calls attention to:
- Existing housing stock is failing to meet the needs of the market, pushing up city centre apartment prices
- The three cities’ vibrant and diverse jobs market is attracting skilled workers
- Inward investment initiatives are driving the cities’ economies upwards
- Transport investment is an important catalyst for economic growth
- Timing is imperative – a view from Delph
City living is growing in popularity but supply is failing to keep pace with demand. Young professionals are a significant demographic and there’s clearly an appetite within this group for stand-out apartments, centrally located with a vibrant evening economy on the doorstep.
The housing market in London is overheated and cooling fast but, as this report shows, the picture could not be more different in the Midlands and the North. A rebalancing of the economy and the housing market in England is long overdue. We believe that we are now starting to see this happen.
Download Delph’s A tale of three cities white paper and read the report in full.
Orleans House, Liverpool
The Hallmark, Manchester