Leeds is quickly becoming a hot spot for property investment, and North Property Group can help you make the most of this opportunity. With a growing demand for housing and limited supply, investing in Leeds property could be a smart choice for both homebuyers and investors alike. Buy-to-let properties in Leeds are particularly attractive for investors, as the city has a high demand for rental properties due to its growing economy and increasing population. North Property Group can help you find the perfect buy-to-let property in Leeds, ensuring a steady stream of rental income.
In addition to buy-to-let properties, new build properties in Leeds are also a popular investment option. As demand for housing continues to rise, new developments are being built to meet this demand. These properties are often built to a high specification, making them appealing to both homebuyers and investors. North Property Group has access to a range of new build properties in Leeds, allowing you to find the perfect investment opportunity.
If you are looking for property investment in Leeds, North Property Group can help you navigate the competitive market. With limited supply and high demand, it’s important to have expert guidance to ensure you’re making the most of your investment. Our team has a wealth of experience when it comes to the Leeds property market, and we’ll work with you to find the best investment opportunity to suit your needs.
At North Property Group, we understand that property investment can be a complex process. That’s why we offer a range of services to make the process as easy as possible. From property sourcing to rental management, we’re here to support you every step of the way. Investing in Leeds property is a smart choice, with house prices and rents predicted to rise in the coming years. Don’t miss out on this opportunity – contact North Property Group today to learn more about our buy-to-let properties, new build properties, and property for sale in Leeds.
Broad-based economy
Huge amount of regeneration under way
Large and growing population
Outstanding transport links
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Savills estimates that the city region has an annual need for 14,900 new homes, which means Leeds is a land of opportunity for buy to let investors. A large percentage of these new homes are needed in the city centre to keep up with demand as the economy booms.
In contrast, the Deloitte Leeds Crane Survey 2022 shows that just 2,267 homes were completed in Leeds over the course of 2021, and that only slightly more than 4,000 were under construction during the 2021 end-of-the-year evaluation.
Consequently, JLL predicts that house prices and rents in Leeds are set to grow very fast in the next five years, as demand increases and the competition for available properties becomes fiercer. This is on top of the 9.2% growth recorded in Leeds by the Hometrack Cities Index over the last 12 months, making this an ideal space for both homebuyers and investors to capitalise on potential house price growth to come.
Life in Leeds
Thanks to its great blend of low and high-value housing, excellent job opportunities, superb shopping, strong economy, affordable living costs, lower than average house prices and great culture, renting or buying a house in Leeds is a great option.
This is down to three main reasons: a low cost of living, great nightlife and a fantastic student culture. The city is well known for its textile industry, but it’s now also home to nearly 800,000 people and is the cultural, financial and commercial heart of West Yorkshire.
Leeds has one of the strongest economies in the UK which puts the city on the national stage as one of the country’s biggest successes. The economy has a broad base with particular strengths in some of the most in-demand modern sectors including healthcare, creative and digital, financial and professional services and manufacturing.
The latest UK Powerhouse report from Irwin Mitchell outlines the success of Leeds in numbers by showing that it is in the top 10 cities for job creation, and the rate at which it creates new jobs is the sixth-highest. Companies with more than 1,000 employees based in Leeds include Asda Group, First Direct, Centrica, Ventura, BT, Direct Line Group and Yorkshire Bank.
Supporting this economic boom is a growing offices sector that is yet another success story for Leeds. Almost 900,000 sqft of space was delivered to market in 2021 according to the Deloitte Leeds Crane Survey 2022. This included significant pre-lets, such as the new DLA Piper building. Furthermore, the total amount of office space under construction has doubled in a year – one of the surest signs of a thriving economy you will see.
The size of Leeds’ economy (ONS)
Average annual job growth in Leeds (Irwin Mitchell)
The number one reason Leeds is such a premium property investment hotspot is that it has a large and growing population. Already home to approximately 800,000 people, the city’s population is growing at an estimated 1% a year.
The future development of Manchester’s rail links is headlined by the HS2 high speed rail line. This is under construction and, when complete, has the potential to double the size of Manchester’s economy and provide 96,000 jobs to the city.
HS2 journey times when completed:
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