There are many reasons why Leeds is a compelling investment choice. Leeds’ economy is very strong and a leading contributor in the Northern Powerhouse Initiative, a government proposal to foster the economy in Northern England especially among the core cities such as Hull, Manchester, Liverpool, Leeds, Sheffield and Newcastle.
Leeds is centrally located and well connected. Its location and strong rail links makes an ideal option for businesses and investors. Along with projects such as H2S rail link and the Northern Hub, Leeds is about to connect more economic areas and millions of people more.
Leeds’ high demand for living space comes from not only its thriving economic prospects, but also its growing student population. The city has one of the highest concentration of higher education institutions outside of London, which leads to a rapidly growing resident population.
However, house prices have remained affordable compared to other cities. This means an excellent rental yields to property investors. The average house price in Bristol is £175,300, which is 5.8% higher than last year, according to Zoopla’s latest UK House Price Index.