There's plenty to look forward to in Liverpool's future. With an estimated £14 billion of exciting new developments in the pipeline, the city is set to draw increasing attention from buyers locally, nationally and even further afield.
When you're talking to potential buyers for your own property, it's worth chatting about what's going on in Liverpool as well as picking out your home's top selling points. This will show house hunters how much investment potential is brewing in the area, and what local amenities will soon be right on their new doorstep if they choose to buy.
The Pall Mall Scheme
In March 2018, a proposal to redevelop the area behind Exchange Station was given the green light. The 4.2-hectare site is set to be transformed into public squares, shops and, most importantly, high-end office spaces. Mayor Joe Anderson expects the new buildings to attract more blue-chip companies to the city. This is a great one to mention to Millennials who are likely to be looking for work in Liverpool.
Paddington Village and the Knowledge Quarter
Around £2 billion of investment has been set aside for the neighbourhood around Liverpool University, known as the Knowledge Quarter. Part of this includes the building of a new Life Sciences, Medical and Knowledge Industries campus in the Paddington Village neighbourhood, which itself is being transformed into a hotspot inspired by New York's Greenwich Village.
The Ten Streets creative district
Another upcoming project bound to impress those looking to invest is Ten Streets. The district is being set up specifically to appeal to the creative and digital industries, with offices and entertainment spaces being the main focus. Construction is set to start this year, with an estimated completion date of 2025.
Following on from the success of the popular Albert Dock development, this new project will see more of Liverpool's waterfront transformed into an attractive area to work and play. The project is a slow-burner, set to last for 30 years at least, but in the meantime, companies can enjoy a 100% business rate discount for relocating to the neighbourhood. Small business owners and entrepreneurs bootstrapping their startups are likely to be interested in this.
It’s certainly an exciting time to be looking at property in Liverpool. There's so much going on in the city that you'll have no shortage of things to talk about with buyers.