Article Summary

The Radio 2 Live music festival has followed in the steps of so many professionals and property investors by ditching London for Leeds. Its star-studded event, which takes place over two days in September, will see more than 20 artists perform and a resulting boost to the city’s economy.

Economic boost

The festival has traditionally been held in London, but as announced by Radio 2 presenter Zoe Ball on her breakfast show, this year it will move to Temple Newsam Park in Leeds. Taking place on Saturday September 17th to Sunday September 18th, over 20 artists will play across to stages.

With thousands of people expected to attend, this Leeds investment by Radio 2 will be a real boost to the Leeds economy – which is already bouncing back very healthily from the coronavirus pandemic.

Major UK event

Jeff Smith, Head of Music for Radio 2, said: “Following our month of brilliant Piano Room performances in February, we’re thrilled that Radio 2 Live will be held in Leeds, one of the great cities of the North. Live music is at the heart of the station so we can’t wait for us all to gather at Temple Newsam for two days of brilliant music, bringing everyone together to feel great!”

Councillor James Lewis, leader of Leeds City Council, said: “We’re incredibly excited to welcome Radio 2 Live to Temple Newsam and for people in Leeds to be able to look forward to performances from world class artists on their doorstep. Leeds has hosted some of the biggest names in music over the years, so it’s great to see the city carrying on that proud tradition and to be working with the organisers to bring another major and unique event to Leeds.”

Promoting Leeds

As well as local residents who want to attend the festival, the news of its move to Leeds should also be celebrated by people with a Leeds property investment. Not only does a strong economy help secure good rental yields, but the festival will promote the city as a thriving place to live.

And with demand for good quality rental housing in Leeds already the highest it’s been in almost a decade, more people moving to Leeds will only cause an increase in demand. In turn, this will lead to upward pressure on rents and property prices, resulting in better returns on Leeds investments.

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.

Get in touch

If you’d like to find out more about Leeds investments or are interested in making a Leeds property investment yourself, contact the Leeds experts at North Property Group now.