Leeds remains one of the most exciting cities in the country in which to live, work and invest in property. A city that is widely considered the commercial and financial heart of West Yorkshire, Leeds is front and center of the Northern Powerhouse initiative.
Strategically placed in (almost) the heart of the North of England, Leeds property is also at the centre of the region’s economy. The city’s economy has expanded by almost 40% over the last 10 years which contributes to a wider regional economy worth over £50billion per annum.
Residents find themselves living in a vibrant, youthful city with a strong identity. An industrial and artistic history is mirrored in the many cultural highlights the city has on offer, from museums and galleries to opera, theatre, local ruins and much, much more. One of Leeds’ biggest attractions among visitors and residents alike is its location in the stunning county of Yorkshire. This means that the urban center of Leeds is surrounded by a wealth of countryside dotted with stately homes, villages and even the Roman city of York.
Having grown out of its traditional mill town heritage, the city boasts a diverse range of industries. It’s known as a financial hub in the UK, with many top banks and venture firms based in the city. It also has a growing reputation as a creative and digital center of excellence. But one of its leading industries is tourism. Over 10 million people visit Leeds property every year and bring in nearly £735million to the local economy. This massive influx of visitors supports approximately 20,000 full-time jobs in the city.
Its northern location also gives the city an advantage in the property market. With house prices generally lower than national averages in the North of England, Leeds property is an attractive prospect for both buy-to-let investors and potential home-owners.
This combination of factors has made Leeds a magnet for investment in recent years. From the development of the city’s Enterprise Zone, helping to build and grow local businesses to the £350 million development of the Trinity Leeds shopping center, Leeds property has undergone quite the transformation. And it continues to do so, with the proposed £350million regeneration of the city’s South Bank area into a mixed-use development featuring commercial and residential property.
Leeds is very much a modern, thriving and ambitious city.