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Why invest in Leeds
Situated in the middle of the United Kingdom, with a diverse population of 751,500, Leeds is one of the fastest growing, greenest cities in the UK.
A thriving economy boasting strengths in financial services, legal, manufacturing, health and retail, Leeds has excellent road, rail and air links, providing a gateway for tourist and business visitors to the region. Trinity Leeds, the £350 million retail development reinforces Leeds as one of the finest shopping destinations in the UK.
Two of the UK’s leading universities, the University of Leeds and Leeds Beckett University have world-class research facilities and two of the top business schools, with Leeds Trinity specialising in teaching.
Key statistics
- Leeds City Region is undergoing a dramatic transformation, driven by economic growth, a strengthening financial services sector, a large student population and increased inward investment.
- It’s population has grown by 3.1% over the past five years. Oxford Economics indicate a further 2.4% growth over the next five years, with Leeds having the 7th fastest growing resident population up to 2020.
- The growth of the tech sector has added a further dimension to Leeds and this sector is expected to grow by 5.6% over the next five years compared to 2.8% over the last five.
- Continued strong take-up within Leeds’ office market has been a catalyst for development over the last 12 months. With 47% of space delivered in 2016 pre-let, there is still a need for further development within the city.
- A potential housing shortfall of 30,000 units by 2021 is anticipated. Already, reduced new supply means average house values are close to or level with their 2008 peak across the region, with some hotspots outperforming this.
- York is currently 14% above its 2008 peak with average values of £231,700. Leeds is 3% above peak with average values of £165,600.
Leeds’ growth
The region’s economy has grown by 6% over the past five years and is expected to accelerate by 8.8% over the next five, according to Oxford Economics. Together, Barnsley, Bradford, Calderdale, Craven, Harrogate, Kirklees, Leeds, Selby, Wakefield and York contribute £62bn to the UK economy. Leeds city delivers one third of the region’s economic output as the second largest financial services centre after London. Office based employment within Leeds City Region grew by 5.6% over the last five years. Despite Brexit, the region is still forecast to see positive employment growth over the next five years at 3.4%. The tech sector is expected to grow by 5.6% over the next five years.
http://pdf.euro.savills.co.uk/uk/spotlight-on/the-future-of-leeds-city-region-2016-17.pdf
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Our HMO plans
A House of Multiple Occupancy (HMO) or a ‘Multi-Let’ is a rental property occupied by three or more unrelated people forming one household. Typically, each bedroom will be rented individually with a shared kitchen, bathroom and living areas. Most HMO properties require a license when let to 5 or more people.
We offer a unique, tailored ‘design and build’ service which provides you the opportunity to acquire high yielding HMO’s.