World Heritage status boosts Liverpool''s appeal ? commercial mortgages

09 July 2007

Liverpool''s standing as a World Heritage site and its status as the European Capital of Culture for 2008 is making the area more desirable to live in, it has been suggested.

World Heritage officer John Hinchliffe has said that the city is experiencing a "remarkable urban renaissance" as developers and citizens continue to flow into the area.

Landlords with commercial mortgages are likely to be among those looking to take advantage of the resurgent region.

The city had its World Heritage status renewed earlier this month after it was first approved in July 2004.

"The World Heritage Site status we feel does give it a certain appeal, a certain cache […]I think that I''d say that its status is having a knock-on effect on the rest of the city [and] improving confidence," Mr Hinchliffe commented.

"The amount of private investment that is going into the city [is worth mentioning], particularly the Grosvenor Paradise Street development which is wholly privately funded.