Leeds Area Guide

A guide for Leeds property investment.
Area Guide - Leeds - Front Cover

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Leeds Property Investment Guide

Leeds is the UK’s fastest-growing city. With average yields of %8.7, some of the highest in the country, Leeds is full of potential for buy-to-let investors. The city boasts a young population of students and professionals. Thanks to Leeds’s award-winning universities, student accommodation is in demand, and with graduate retention rates in the city, the working population also demands rental property.

 

Savills estimates that the city region has an annual need for 14,900 new homes, predominantly in the city centre. According to the Deloitte Leeds Crane Survey 2022, just 2,267 homes were completed in 2021, and slightly more than 4,000 were under construction during the 2021 end-of-the-year evaluation.

Property prices have demonstrated consistent growth, with house prices rising by 13.18% since March 2020. These levels of growth have been consistent over the past few decades. Since 2016, property prices in Leeds have increased by £40,973, or 24.04%. In addition, prices have increased in value by 200.25% since 2001.

 A report from Zoopla found that Yorkshire had the largest annual growth of rental demand in the UK, recording a 3% rise. This has had a strong impact on rental prices in the region, with a 7.7% rise in Leeds rental prices over the last 12 months, higher than the Southeast, Southwest & East Midlands.