The EU referendum of 2016 stirred considerable controversy, despite achieving a clear cut result and as we draw closer to the Brexit finishing line, the subject is still flammable in most British homes because of divided opinion.However, with Philip Hammond announcing better Growth Forecasts over the next few years, Brexit is set to unlock considerable opportunity to form new trade relations and partnerships outside of the European Community and this is particularly true of Liverpool.
The city is set to be facing the right way again geographically if post-Brexit events take an Atlantic turn and there is no other city in the UK that’s better placed to exploit this than Liverpool. There has been huge investment into the city’s deep-water container port which is the most important piece of infrastructure development that has taken place in Britain for many years.
The Potential for Tourism in Liverpool
The city of Liverpool is one of the most popular places to visit in England, and has a tourist sector worth approximately £3.8 billion, accounting for almost 50,000 jobs. With more than 54 million visitors every year, Liverpool offers tourists a number of big attractions, including the Albert Dock leisure complex, The Beatles Story and Cavern Clubs, as well as many more. As well as these great tourist attractions, the city is home to a number of fantastic restaurants, pubs, bars and night clubs.
With increased quality comes increased popularity, and as such, property prices within the city are beginning to rise. Liverpool has recorded a high rate of growth over the last year, growing at 8% per year. With this in mind, property prices still remain below their high peak in 2008, meaning that you can still get high quality properties at great prices, prior to any further growth in property prices, of which you could potentially benefit from purchasing your own property.