Liverpool Manchester Market Continues to Boom Amidst Brexit

Liverpool Market

Liverpool and Manchester are jointly on the 10th rank in the world's best cities list in terms of foreign direct investment. There were about 979,000 property transactions registered in England and Wales in the last 12 months, and the two cities created more than 7000 jobs during this time and have undergone extensive regeneration. 

There are 68 FDI projects in the area, and the report claims the two cities are becoming popular business destinations.

Real Estate Development in Liverpool

The Liverpool market continues to boom. The house prices in Liverpool grew by more than 16 per cent (more than £20,000) since 2012 as the prices reached £148,031 from £127,131. The transactions grew 93 per cent in the last five years, where digitalisation of land registry and real estate transactions improved the process and supported the housing market.

As per the property data provider, Search Acumen, the Liverpool property value crossed £1 billion in the year. The value of housing transactions in the city was £996 million in 2017 – which was 124 per cent more than £552 million in 2012. The annual transaction volume grew 93 per cent from 3,494 to 6,727 transactions per annum.

Liverpool has been a famous student property market due to flourishing educational institutions and universities offering higher education, where local agencies manage the student properties, and several foreign investors seek residential properties in these markets.

Growth in Manchester

The proposed development of the Graphene Engineering and Innovation Centre is expected to come to Manchester in the current year, and the airport is expected to expand in the coming 12 months. 

There are several proposed plans in Circle Square, Mayfield Depot, NOMA and MediaCityUK (which announced The Hut Group). The prime development in Manchester involves the Ancoats Garden, and in Liverpool, the 139 high spec homes at Tannery.

There are billions invested in the development of Greater Manchester, which includes improved transportation links, connectivity, and support for top business brands. As a result, investment grew in the past five years in Greater Manchester, making it a key hub for all business activities, while the report reclaims it as the most liveable and successful city in the UK.

Regarding foreign direct investment, in the top 50 countries, the UK has been placed fifth behind China, Mexico, India, and America. Regardless, the global investment community study claims these cities were 10th, whereas London, Paris, and Singapore topped the list. Previously, the tenth position was held by Dublin, Toronto, and Barcelona. 

UK Cities Not Affected by Brexit

Manchester-Liverpool is the top city not affected by Brexit (or no-Brexit situations); nonetheless, foreign direct overseas investment in these cities grew in the pre-Brexit phase.IBM's annual Global Location Trends report claims these cities and the West Midlands are the regions where FDI projects are growing. In addition, new jobs increased in these areas (according to the Department of International Trade).

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