LIFESTYLE

Liverpool property market embraces new global appeal as International Music Festival comes to town 

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  • Liverpool hosts fourth International Music Festival this weekend
  • UAE nationals account for 14% of all Liverpool Q2 sales (Prime Centrum)
  • Enquiries from UAE nationals increase by 65% in May while Kuwaiti buyers increase by 200% (Prime Centrum)

1The fourth Liverpool International Music Festival (LIMF) arrives this weekend, as people from all over the world participate in the four-day celebration of new talent, household names, musical heritage and cultural diversity. Combining artists from the award-winning LIMF Academy and LIMF Presents, the festival culminates at the LIMF Summer Jam in Sefton Park, Europe’s largest free music event.

2Liverpool has long been a global destination for music, for both artists and fans alike, but it is the city’s property market that is currently making its way onto the international stage. Leading real estate consultancy, Prime Centrum, have certainly experienced increased interest from overseas buyers with UAE nationals accountable for 14% of their Q2 sales, second only to buyers here in the UK, and Kuwaiti buyers listed third, responsible for 9%.

In May, enquiries from UAE nationals increased by 65% in comparison to the previous month, with enquiries by prospective buyers from Kuwait increasing by a substantial 200% in the same period. This recent trend is set to carry on throughout the coming months, as Liverpool’s growing property market continues to excite investors from all over the world.

Stuart Johnson, Business Development Manager at Prime Centrum, highlights the Brexit result as the driving force behind the continued rise in interest from international buyers. He comments,

“The short-term uncertainty in the UK market combined with a weaker Sterling, has presented a chance for overseas investors to purchase very competitively priced property in the UK. With many Middle Eastern currencies linked to the US dollar, investing in GBP denominated property assets is currently a once in a generation opportunity to buy at significant discounts. Liverpool’s culture is celebrated on a global scale and international buyers are now recognising its potential as one of the UK’s up and coming property hotspots.”

Prime Centrum’s most recent addition to the Liverpool skyline is the beautiful Parliament Residence. Parliament Residence is an exclusive waterfront development, just a few minutes’ walk from Liverpool’s central business district, trendy Baltic Triangle and Albert Dock region. Comprised of 44 contemporary, high-end apartments and a private roof terrace lounge, Parliament Residence benefits from beautiful views of Liverpool’s UNESCO World Heritage waterfront.

With prices starting from just £109,900, these spacious one and two bedroom apartments are furnished to the highest quality and decorated in a luxury, modern style. Situated on the waterfront with a stunning rooftop garden, Parliament Residence provides a semi suburban environment from a prime city centre location. As well as enjoying the communal roof terrace facilities, residents will also have access to a convenient concierge service and secure car parking and bicycle storage.

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