Leeds is a flourishing city that is growing beyond belief.
Ambitious redevelopments across the city are creating a prime location for
investors to capitalise on the thriving region. Capturing the attention of
multiple demographics, Leeds is an enticing opportunity for students as
educational facilities are strong, tourists due to its diverse culture and
young professionals because of an expanding business sector.
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Four world class universities are responsible for attracting
over 70,000 students from both the UK and overseas, which is ideal for student
rentals. A relentless flow of student numbers keeps the demand for property
strong, leaving many properties around the city occupied, as minimal void periods
stand appealing for prospective investors.
Leeds is emerging as one of the major gateways for
investment across the region as has been coined one of the UK’s best property
hotspots for its top performing rental yields and elevated opportunity for capital
growth. Soaring prices present in the south of the country leave investors and
tenants disenchanted over increasing levels of unobtainable housing as prices
become unaffordable for many. Therefore, even some of the most experienced
investors are turning their sights up north to source greater returns and value
for money, with return on investment predicted to strengthen over the
forthcoming years.
Investing in Leeds is an enticing prospect as the city can
secure some of the most profitable returns. Increasing prices of Leeds property
is propped up from an increased level of tourism, the redevelopment of major
shopping districts, the growth in foreign and domestic business opportunities
and the overall economic development from the city.
The economic development of the city shows no sign of
abating. As the UK’s fastest growing city, Leeds city region has an economy of
£64.6 billion, which is forecasted to grow by
21% over the next decade.
Capital appreciation is one of the biggest catalysts that
spur on investment. In Leeds, JLL has forecasted that house
prices are to increase by 21.6% from 2017 to 2021. If located in
well sought-after postcodes, where business opportunities are strong and
transport links are convenient, these areas remain appealing for future
investors.
Other areas of the UK are viewed as unstable as property
prices and capital appreciation is unpredictable and rental yields are
diminishing, however the city of Leeds is still an exceptionally prosperous
opportunity.
Investment in regeneration has truly added value to the
region, particularly in the Leeds South Bank which is one of the largest and
most significant regeneration and growth initiatives in the country. Private
residential properties and student accommodation from companies like RW Invest
that are located near determined redevelopment initiatives will be attractive
investment for investors looking to build or diversify their existing
portfolio.
Not only does regeneration create a lucrative hotbed for investment,
job prospects also help to prop up the city. With Leeds University stating that
they not only want to increase their student numbers but also the calibre of
their student. This is an example of a well renowned university putting a
strategy in place to boost the quality of their student, with the hope of
increasing a higher standard of job prospects for that individual, ultimately
pulling more money back into the economy.