Latest report from City Residential says quality residential schemes are ‘in short supply’ while local investors are focused on cheaper end of the market. Tony McDonough reports.

Liverpool city centre’s residential market is attracting outside investors keen to put their money into high end developments, a new reports claims.

However, such quality schemes are “in short supply” and “are not being delivered at present”.

The latest study into the local market by city centre-based agency City Residential also reveals that local investors are focused on the cheaper end of the market where yields are higher.

The report says there was a “strong recovery” in the market following the Brexit vote in June and that this trend had continued into the final quarter of 2016.

It stated: “(The) city is continuing to attract wealthier investors/buyers who are looking for better quality schemes/apartments that are in short supply/not being delivered at present.

“Local investors (are) continuing to focus on the lower priced/affordable end of the market

where the yields are higher and the per sq ft prices are lower/more affordable.”

The report also noted the increase in plans for tall tower residential schemes on waterfront locations such as Princes Dock.