Why Invest in Leeds?
Posted by The Landsite on 29th March 2023 -
As the UK City of Culture 2023, Leeds is widely considered one of the fastest-growing cities in the UK, with a population of approximately 800,000 and a thriving economy expected to grow in the coming years. Leeds is home to multiple property investment opportunities for UK based and international investors.
Regeneration projects
One area of particular interest for property investors in Leeds is the city centre, which has undergone significant redevelopment in recent years, including the transformation of the South Bank area into a major commercial and residential hub.
The South Bank regeneration project is transforming a 253-hectare area south of the River Aire into a thriving mixed-use district. This project is set to create over 35,000 new jobs and 8,000 new homes, as well as the creation of green open spaces and amenities including retail units, commercial offices and luxury apartments.
Another exciting regeneration and refurbishment project currently underway is Temple Works. A rare single-storey flax spinning mill dating back to the Industrial Revolution. The building grew its reputation throughout Leeds in part to its striking Egyptian design in reference to ancient Egypt and the importance of their flax industry. Once completed, Temple Works is expected to offer cultural events, exhibitions, business support services and is set to become the new home for the British Library in the North of England.
Surrounding areas
It is also worth mentioning the surrounding areas of Leeds that are of growing interest to property investors. Most notable is Horsforth, a suburban town located 5 miles north of the city, which has a strong rental market and easy access to both the city centre and Leeds Bradford International Airport. With a population of around 19,000, it is well known for its attractive green spaces, including Horsforth Hall Park and the Leeds Liverpool Canal. Horsforth is home to a bustling high street with a range of shops, cafes, and restaurants, making it a popular destination for locals and visitors. Other towns and villages to watch include Chapel Allerton, Meanwood, and Headingley, all of which are conveniently connected to the city centre and have witnessed recent development and regeneration.
Overall, Leeds regeneration property projects offer excellent potential for long-term capital growth and rental income in 2023 and beyond.
Find commercial property, land and development in Leeds and surrounding areas and towns on The Landsite.
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