Culture, History, and Business
This city is already famous because of its sporting culture; football clubs like Liverpool FC and Everton FC are among the factors that have brought the city to the world stage. Also, the Beatles started in this lovely city. Liverpool is a beautiful destination that has a crystal-clear river as well as picturesque sandy beaches. It ranks number 9 on the list of most populous cities in England with a population of about 900,000 residents.
Liverpool is among the largest economies in the United Kingdom. Though the city saw some economic meltdown in the ’70s and ’80s, it has improved tremendously since it took measures to make the economy boom again. Presently, it is considered as the new giant in England’s economic sector. In recent years, the city’s economy has become robust and is increasing at a high rate. Liverpool’s economy is run by both the public and private service sectors. Over a decade ago, 60% of the residents in the city were in the public sector. The city’s GDP per capita income was $32,121, while the total GDP was $65 million. Between 2016 and 2017, Liverpool’s economy recorded a GRP of $11.4 billion. Liverpool has an unemployment rate of 5%, and it is low compared to other cities.
Liverpool features a lot of brilliant-looking buildings which are amazing to watch. For investors, it is worthy of note that property in Liverpool is in high demand. Also, rental yield in this location is as high as 8.3%, and you are guaranteed to make as much as your capital within two years of investment. Therefore, investing in the city now will ensure that you get some high returns over time. This is something every investor looks forward to, and this makes Liverpool a great place to make a property investment. The factors that affect the rate of return in this city are the cost of living, economy, and housing prices.
If you are a first time looking for affordable housing options, Liverpool is your best pick. Follow our subsequent articles to find out the various reasons to invest in Liverpool as well as the hottest neighborhoods which offer the highest returns.