We are very pleased to report that Argyll Property Partners has named Leeds the best place in England for new build property developments. In research that explored the likelihood of planning success, value, demand and house price growth, Leeds led the way.
The new build sector in Leeds is booming, with such properties worth 40% more than existing properties. In addition, the reported price difference shows there are healthy profits to be made for those savvy with their investments. quite sustainable growth to be found as the value of new homes rising by 13% per year.
Many more people are moving to Leeds for its many job opportunities. This is accompanied with a good quality of life, the city now rated the best city in the UK, as reported by the Business Insider. Consequently, this has led to significant regeneration and a requirement for high-quality housing. Many new build developers have met the challenge, with a number now reaping the benefits. Increased demand is also helping keep the Leeds property market open and easy. Proven further by the high number of new build transactions.
Property Wire reports that Leeds planning authorities approve 95% of all major residential planning applications in the area. This encouragement from Leeds City Council is having the positive effect. Consequently, this has encouraged developers and investors to realise the potential and launch new projects all over the city, promptly.
In the original report by Argyll Property Partners, other Northern Powerhouse cities also featured highly. The local authority approved new builds in Durham (#4), Bradford (#6), Manchester (#8) and Liverpool (#9).
This offers the team a confident and comforting vision for the future. We at North Property Group support developers in selling off-plan in Liverpool, Manchester and Leeds. Find out more about what we are working on within the Northern cities.