Email: enquiries@pcomproperty.com
+66 9 7072 6615 
Mon-Thurs 10am to 8pm local   Fri 10am to 4pm local   GMT +7  UAE+3  HK/SG -1
REGISTER TO VIEW ALL PROPERTIES
Pcom Property - UK Buy To Let
  • Home
  • Properties
    • View All Properties
    • The Address Altrincham
    • The New School House Birmingham
    • The Exchange Preston
    • Holme House, Nottingham
    • The Silk Works Coventry
    • JQ Rise Birmingham
    • Icona York
    • Stone Cross House Bolton
  • Mortgages
  • Blog
  • Subscribe
  • Contact
  • The Maltings Burton-on-Trent
  • Home
  • Properties
    • View All Properties
    • The Address Altrincham
    • The New School House Birmingham
    • The Exchange Preston
    • Holme House, Nottingham
    • The Silk Works Coventry
    • JQ Rise Birmingham
    • Icona York
    • Stone Cross House Bolton
  • Mortgages
  • Blog
  • Subscribe
  • Contact
  • The Maltings Burton-on-Trent
Animate On Scroll.

A PIECE OF ENGLAND

A UK buy to let property blog

16/12/2019

England's second cities - why invest in Leeds?

 
The population of Manchester city centre stands at over 60,000. The population of Leeds city centre is less than 20,000. It's not that young professionals in Leeds have less of a taste for city life than their Mancunian neighbours. The issue is a chronic lack of housing stock. Music to a property investor's ears.
Picture
International property consultancy JLL now rate Leeds as the number one prospect for residential price and rental growth in the UK, outranking other regional centres like Manchester and Birmingham.
Leeds is the UK’s second largest economy and the second financial centre after London. It also employs more lawyers than anywhere outside of the capital. How has this been achieved? Though a diverse economy including specialisms in renewable energy, digital technology, financial services, international tax, retail and mergers and acquisitions.
"JLL believes there is significant pent-up demand for high
quality, highly specified new apartments
within the city"
This breadth and depth provided much needed resilience during the recent economic turndown. Today, the city’s economy is worth £18 billion and has grown 40% in the last decade. The region now generates 5% of the national economic output and employs 1.4 million people.
  • View Springwell Gardens, our latest development in Leeds city centre
Leeds has a large population of affluent young renters. A great deal of development work has gone on in the city centre over the last decade, but it has been predominantly commercial, not residential, leading to a shortfall in housing supply. There is an acute shortage of quality, affordable accommodation. Over 3,000 new dwellings are required per year until 2033 to meet demand. Developments in the pipeline fall far short of that figure. Rental growth is on the increase.

Of particular interest to property investors will be the huge South Bank redevelopment. Home to much of Leeds' industrial past, the area's regeneration sets out to double both the size and the economy of the city centre. The growth in employment will vastly exceed the number of homes it will provide. The value of properties close to South Bank, and their rental income, is likely to rise considerably faster than any other part of the city.

Comments are closed.

    Categories

    All
    Midlands
    Mortgages And Tax
    North
    North West
    Property Market
    Property Prices
    Rental Market

    Top floor? Corner unit?

    Subscribers get first choice. We'll let you know the day we post a new development to the website.
    SUBSCRIBE
    Picture

    NOTTINGHAM

    1 bedroom apartments just 15 minutes from the city centre
    From £119,995
    DETAILS
    Picture

    BIRMINGHAM

    Located in the city centre's most fashionable district
    From £199,500
    DETAILS
    Picture

    PRESTON

    High yield city centre apartments
    From £124,041
    DETAILS
    Picture

    YORK

    High end apartments in York's historic city centre
    From £245,000
    DETAILS