In a new league table of top cities for investment, Leeds has ranked fifth, a survey of 800 UK landlords has revealed.
While London and Manchester remain in the top spots, it is anticipated that there will be greater spread across the UK regions throughout 2020, with secondary cities such as Leeds looking to take more of the market share.
The growth of Leeds as a city and destination has thrived in the last few years, making it a regular on lists such of these.
As big businesses such as Channel 4 and HMRC choose our city as their new home, so it follows that more and more professionals flock to Leeds looking for high quality rental accommodation. Add to this the huge student population due to the wealth of excellent higher education establishments, and it’s not hard to see why Leeds is regularly nominated as a BTL hotspot.
In a separate study, it is claimed that 22% of the investors in the PRS are looking to purchase at least one further property this year. Yorkshire & the Humber came out as the second most popular region in which to invest, which indicates that there remains a significant appetite for investment outside of London and the expensive South.
At Let Leeds, we continue to see a strong demand from young professionals and student tenant and this shows no signs of abating. The key is to continue to provide accommodation that best fits their needs, whether that be in the specification of the finished accommodation, the location or services that make their lives easier, such as an all-inclusive tenancy.
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