Research named Leeds as the sixth best place in the UK to invest in property. Landlords here can expect an average profit of £531.76 pcm, according to CIA Landlord.
Leeds has long been a key location for northshoring; the practice of businesses moving north to take advantage of lower overheads.
With Leeds continuing to attract a highly skilled, highly paid workforce – particularly in the technology sector – demand for high quality rented properties will only increase.
A new study has revealed how the returns from Leeds property investments have risen over the last year. The research, led by CIA Landlord, points to new businesses opening locations in the city as one of the driving factors behind these results.
The research named Leeds as the sixth best place in the UK to invest in property. Landlords in the city can expect an average profit of £531.76 per month, according to CIA Landlord.
These excellent returns have been driven by rising rental demand across the city. This has become especially evident as students have returned to Leeds looking for rental accommodation. Now that the city’s many universities have reopened their doors following the coronavirus pandemic, the return of students has added to tenant competition across Leeds.
The impact of northshoring
But it isn’t just increased competition from students that is increasing profitability of Leeds property investments. CIA Landlord highlight the number of new businesses opening locations in Leeds as a reason behind rising rental returns.
Leeds has long been a key location for northshoring; the practice of businesses moving north to take advantage of lower overheads. But CIA Landlord point to the significant economic boosts over the last year from two particular organisations: Channel 4 and the UK Infrastructure Bank.
Both opened premises in the city over the last 12 months, bringing with them plenty of sought-after jobs and thereby fuelling demand for rented accommodation.
And with Leeds continuing to attract a highly skilled, highly paid workforce – particularly in the technology sector – demand for high quality rented properties will only increase.
Profitable investment opportunities
What is property investment?
Put simply, property investment is property purchased with the intention of generating financial returns for its buyer. These returns could be in the form of rental income through buy-to-let properties, house price growth through the future sale of the property or both. Property investments can be owned by individuals or organisations and can be short, long or medium term.
To find out which property investment opportunities are available on the Leeds market now, or to learn more about how property investment works, get in touch with the experts at North Property Group today.
Explore our property in Leeds
Gross Yield: 7%
Est. Q3 2023
Lease Length: 250 Years
Yorkshire is a standout in global travel, securing third position on Condé Nast Traveller’s list of the best places to visit in 2024.
Cities such as Manchester, Leeds, and Liverpool are not only cultural and historical gems but also burgeoning property investment hotspots.
As the vibrant city of Leeds continues to grow and evolve, it has emerged as a prime destination for property investors seeking attractive opportunities.
With its vibrant economy, diverse property market, and attractive returns, Leeds offers a compelling proposition for those seeking long-term growth and profitability.