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Correct.
London property isn't 'overpriced' in an investor's eyes when the return is consistently good year on year. Liverpool will never have the demand or value that London does, certainly not in Usmanov's lifetime.
OnlyBlueWillDo
Player Valuation: £35m
I know an individual who was able to sell the small terraced house he owned in an upcoming, but less less than affluent North London borough (100% mortgage)...
... and able to afford a detached five bedroom house in Woolton, with absolutely no mortgage.
Which one?
To an extent you are spot on. At the same time you are totally wrong. Liverpool Waters is, an opportunity to totally regenerate a huge area from a total dump to a thriving area of houses, business and leisure which would be the envy of any provincial city in England. The potential return for any investor may be very healthy and better than some investments in London. Not every episode of Homes Under The Hammer is filmed in the capital.
Rudolf Hucker
Player Valuation: £30m
Yeah there was a fella from I think it was Peel on the radio a few months back who was asked when the northern docks will be fully functioning etc. like the Albert Dock and that was the timescale he gave, seems a mental amount of time to me.
Julius Geezer
Player Valuation: £2.5m
New build 2 bedroom apartments in that “Infinity Tower” about to be built on Leeds St are going for £250K+ , Liverpool city centre office space is meant to be nearly full , a lot of potential in Liverpool now.
One part of the problem is the actual financing of the project as Peel themselves aren't able to fund it, so they're still seeking investment for large parts of it.
While you'll see some individual parts of the project progressing (a tower here, small-to-medium development there) most of it will not progress unless it's found.
They have parleyed with the Chinese, Middle-East and American investors over the past few years but with little success as of yet due to a number of factors.
However, the price of the land that LCC and others have helped them acquire over the years is still steadily increasing, thus I don't think they're overly concerned.
That and if our stadium does eventually begin to start, then there may be a catalyst for some extra investment as there'll finally be a focal point for the project.
kiss the crest
Player Valuation: £35m
Sat on a sunbed in Italy laughing my head off reading this, Homes under the hammer and Usmanov in the same thread lol
When they issued the master plan they specifically built in time issues including economic downturns were they perceive that developing will halt for x amount of time
Plus it’s not Peel who are building this they still need developers on board to deliver their ideas. I get the impression that people believe this will be all up in the next 5 - 10 years
A new build, 1 bed apartment in SW6 is going for £1.3m and that’s off plan. In 3 years I guessing that’ll be touching £1.7n, you’ll never get that return in Liverpool. And I doubt a multi billionaire is arsed about buying a couple of properties in a new development, he’d want a prime seat in the development.
Liverpool’s office space availability has always been poor compared to other major cities like Manchester, the lack of quality A grade office space has been talked about for years but all developers want to build is student digs.
A lot also depends on the success of the Atlantic gateway and the ability to get L2 really competing by driving trade from the southern ports
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