Leeds Investment Property
The city of Leeds, located in West Yorkshire in the north of England, has the most diverse economy in terms of employment and jobs growth out of any UK city, with a huge centre for banking, finance, insurance as well as retail and media. Also home to one of the country’s best universities, Leeds is a hub for students, graduates and young professionals who choose the city for its vibrant centre and rich cultural scene.
In 2017, the Leeds commercial property market broke three records: office take-up exceeded one million square feet for the first time; the biggest commercial property letting was agreed by the Government Property Unit which will create a new HMRC hub; and office rents increased to a record high of an average £30 per square foot.
The city’s performance indicate that it is firmly on the up, with high investor appetite and thousands of new jobs being created. In the residential sector, according to a forecast by major estate agent JLL, investment property prices could grow by 3.5% in 2018, with an average of 3.7% growth per year over the next five years.
21.6% house price growth forecast between 2017 and 2021 – JLL