New research has found that Leeds has had the highest levels of property sales in England since the
introduction of the stamp duty holiday. According to Yes Homebuyers, since July 2020, there have
been 5,355 completed sales in the Yorkshire city. This shows the popularity of Leeds when
considering where to buy an investment property.
The resilient Leeds market
Once again Leeds has come out on top. It has seen some of the highest house price growth in the
UK, as well as soaring demand for student rental properties. And now there is another reason to
choose Leeds when deciding where to buy an investment property: its strong housing market.
Its status as the market with the most completions in England, even during a pandemic and repeated
lockdowns, proves the resilience of the Leeds economy. Purchasing an investment property
somewhere with a secure economy and housing market is usually safe choice for buy-to-let
investors.
An in-demand housing market also means good things for property prices, which is another
important factor when considering where to buy an investment property.
London performs poorly
Birmingham came in second place behind Leeds in the report, with 5,073 sales since July 2020.
Cornwall came in third, with 4,843 completed sales – likely boosted by holiday lettings investors
keen to bag a bargain during the stamp duty holiday.
In contrast, London performed particularly poorly. The City of London came in last place with only 40
sales taking place during this period – a drop of 39.4% compared to the previous year. But Hackney
underwent the biggest decline of all areas in England, with a decrease of 42.6% on the prior year and
only 823 sales.
Impact of the stamp duty holiday
Matthew Cooper, founder and managing director of Yes Homebuyers, said, “There’s no doubt that
buyer activity has soared since the stamp duty holiday was introduced and house prices have also
climbed considerably as a result.”
Commenting on London’s results, he said, “Not only is the City of London pretty much six feet under
due to the trend of working from home, but many areas are actually seeing fewer sales take place
when compared to the previous year.”
High yield Leeds investment opportunities
If Leeds is the place where you’d like to buy a property investment, there are some great
opportunities available through North Property Group.
These include Alexandra Park Apartments and The Phoenix, both with excellent 7% rental yields. And
if you’re interested in letting your investment property through an Airbnb-type model, yields of up
to 21% can be achieved at Archway.
Invest in Leeds today
Take advantage of the buoyant Leeds property market and start your investment journey in the
fastest-moving city in England. Contact North Property Group today to find the perfect investment
property for you.
