Delph first ventured into Liverpool in 2013 with our development West Tower. At the time, it was evident there were long-term opportunities for Liverpool as the City was a changing landscape, quite literally evolving around us.
Richard Forman, Head of Sales and Marketing
Much of the regeneration was still underway and offered a tantalising glimpse of the city’s bright future. But I think it’s safe to say no one really appreciated how far Liverpool’s success would go.
Now, as Delph returns to the city with the sales launch of our newest development, Orleans House, we are witnessing first-hand the effects of the change that was taking place back then.
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 (no small feat in the current market). It has also become a significant target for buy-to-let investors, offering some of the highest rental yields in the country.
Why are Liverpool’s house prices rising so steeply?
The previous investment in the city has had an incredible effect on Liverpool’s job growth – 2016 alone saw a whopping 38.1% job growth, with first class employers like Deutsche Bank, Jaguar, Land Rover, Unilever (and the list goes on) flocking to Liverpool. These firms have made huge business commitments to the city and are therefore generating and guaranteeing high skilled jobs for years to come.
As a result, the city has become a hive of graduates and young professionals who are opting to live in Liverpool because of the availability of skilled jobs and cheaper living costs compared with other popular destinations for young people like London. This has led to the city’s population soaring to almost half a million, supporting an economy worth more than £149 billion.
This leads me to reflect on our latest offering –
Orleans House is a development that reflects the change Liverpool has experienced. Located in the bustling commercial district, its apartments offer high specification living in a superb location to cater for the city centre’s professionals, which are a now a more mobile and wealthy demographic. Orleans House is like nothing else on offer in the city and I’m certain it would probably not have gone ahead 5-10 years ago.
The change Liverpool has experienced in just a mere four years is incredible. It’s a bit of a cliché to call it an exciting place, but it’s hard to describe it as anything else. The city has a real buzz about it and the dividends of decades of hard work and investment are an example for all to see.
What’s more, with £7 billion still to be invested over the next decade, it feels like there is a lot more still to come. We are already looking out for more opportunities to work in one of England’s great northern cities.
Download the Orleans House Investor Guide (PDF) for our top ten reasons to invest in Liverpool.