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Leeds Sees Second Highest House Price Rise in the UK

February 1, 2021

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Article Summary

Leeds
  • According to the report from the Halifax bank, house prices in Leeds grew a massive 11.3% in 2020, with the average now reaching £247,116. 

  • Rental yields from buy-to-let property investments in Leeds outperform London, reaching as high as nearly 8% in some postcodes.

  • As well as being the region’s commercial and financial hub, it is also a centre of education. With 9 universities, Leeds attracts over 60,000 students which make up 13% of the city’s population.

Leeds has again proven itself one of the top UK cities for property investment opportunities. As well as having some of the highest yield property in the UK, recent findings show that the city had the second highest house price growth in the country.

 

Above-average growth

According to the report from the Halifax bank, house prices in Leeds grew a massive 11.3% in 2020, with the average now reaching £247,116. Leeds was only second to the London borough of Islington.

Not only did Leeds come in second place overall, but house prices here increased at a much faster rate than the regional average. The Yorkshire and Humber region itself performed well with average prices increasing by 9%.

Also seeing good growth figures in the region was Doncaster, with average house prices rising by 8.8% to £176,728.

 

Strong returns for investors

Along with good returns from strong capital growth, buy-to-let investors can also secure some exceptionally high yield properties for the UK when investing in Leeds.

Last year, Leeds was named the most profitable city to be a landlord. This is in part thanks to these excellent returns. Rental yields from buy-to-let property investments in Leeds outperform London. And they can reach as high as nearly 8% in some postcodes, particularly in and around the city centre. This is over double the UK average of 3.5%. Even the overall average rental yield in Leeds of 4.3% fairs better than the UK average.

Current Leeds property investment opportunities on offer by North Property Group are a great example of why Leeds has some of the highest yield properties in the UK. From the breathtaking The Phoenix which will stand 17 stories tall (yields from 7%), to Riverside Apartments next to the tranquil River Aire (yields from 7%), to the historic Horsforth Mill (yields from 6.5%). The Leeds property market has something for everyone.

 

High demand

One of the reasons for the fantastic house price growth and strong rental yields is the exceptionally high demand in Leeds from both tenants and investors. Its fast-growing economy makes it a top location for employers, with many major companies now moving their premises to Leeds.

As well as being the region’s commercial and financial hub, it is also a centre of education. With 9 universities, Leeds attracts over 60,000 students which make up 13% of the city’s population.

Thanks to so many fantastic opportunities to work and study in Leeds, more and more people are deciding to move here. Due to this, it is perhaps unsurprising that Leeds saw such good house price growth in 2020 and has some of the highest yield properties in the UK.

 

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.

 

Contact us

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.

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Explore our property in Leeds

Phoenix

From £362,450

   Gross Yield: 7%
   In Construction
   Est. Q3 2023
   Lease Length: 250 Years

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