Liverpool’s Residential Market

Liverpool’s population is one of the fastest growing in the UK, having increased by 181% between 2002 and 2015. It once experienced a doubling of the city centre population in just 10 years, and 79% of this city centre population is under the age of 35. This creates a very strong residential market in the city with thousands of young renters in need of accommodation. The UK target for new homes is 300,000 every year which is still not yet being met, so developments like ELEMENT - The Quarter will fill up quickly.

The city is also scheduled to create over 11,500 new jobs by 2023, attracting even more people to Liverpool’s thriving commercial district where employers such as HMRC, BT, KPMG and the HM Passport Office await. Smaller start-up companies are also prevalent, and Liverpool is the 9th best city in the world for the success of start-up businesses. This is yet another reason buyers will flock to Liverpool on top of the exciting employment opportunity for many young, creative professionals.

A new HS2 rail network will have links from Liverpool to London in just 1 hour 15 minutes, encouraging a wider audience of professionals to relocate in Liverpool who may occasionally need to work in the capital.

ELEMENT - The Quarter

ELEMENT - The Quarter, developed by Nexus Residential has an exceptionally wide tenant pool due to it also welcoming postgraduate tenants making it an ideal Liverpool hotspot. The UK is known globally for its high standard of universities and higher education, with Liverpool being the second favourite UK city to study in.

In Liverpool there are 70,000 students across three universities, with many of these students being postgraduates - studying for Masters and PHD degrees. The University of Liverpool is only a very short walk away. These young and eco-conscious people are demanding a lot more from their rental accommodation, with proximity to campus not the only necessity. Postgraduates desire luxurious interiors, onsite facilities, sustainability and great views, more attuned with high-end residential developments on the market.

ELEMENT - The Quarter is such a great fit for postgraduate students in Liverpool, considering that there are only 20,300 purpose-built student beds available in the city. Liverpool also has the 7th highest graduate retention rate in the UK as well as being the 6th most employable city in the UK, meaning a lot of these postgraduates will stay on to work in Liverpool and the flexible nature of this development means that they can keep on living at ELEMENT - The Quarter for years to come.

So, why buy property in Liverpool over other cities in the UK? Overall, there is £14 billion of investment being infused into the city of Liverpool right now. Of these regeneration projects, the £5.5 billion Liverpool Waters is one of the largest ever attempted schemes in the UK which is another reason to commit to a Liverpool purchase.

These projects help the area grow, create new jobs and attract new people to the city, as well as putting Liverpool on the map. The economy continues to go from strength to strength, growing 15% year on year, but just imagine the possibilities once £14 billion worth of regeneration is completed throughout the city.