Forget London, it’s Leeds that’s got everyone talking about property, according to the Yorkshire Evening Post. They say that this city is quickly becoming the hottest spot for investors in the North of England.

Leeds is packed with culture, buzzing with jobs, and has a booming nightlife. It’s got everything you’d want in a city, and then some!

Think:

• World-class theatres and art galleries
• Brilliant museums and entertainment venues
• Loads of bars and restaurants
• The UK’s second biggest economy outside of London
• Massive companies like Asda, First Direct, and Centrica all calling it home

And the best part? The Bank of England is opening a huge new office in Leeds, which means even more jobs and more money flowing into the city!

The Best Place To Live?

The Sunday Times even called Leeds the ‘Best Place to Live in the North and the North East’! It beat out all the other big names like Newcastle, York, and Durham.

So, with all this going on, is it any surprise that people are flocking to Leeds? The population has boomed by a whopping 60,000 in the last ten years!

Property Prices – A Bargain Hunter’s Paradise

But here’s the real kicker: Property prices in Leeds are still a steal compared to London. While the average house price in the capital is a staggering £729,802, in Leeds, it’s a much more manageable £254,781.

Think:

• London terraced house: £833,439
• Leeds terraced house: £184,782

That’s a huge difference!

Rentals Raking It In

For landlords, Leeds is a goldmine! The city has a huge student population, meaning there’s always a demand for rentals. Average rental yields are around 6% in the city centre, but can reach up to a whopping 12% near the University of Leeds and Leeds Beckett University.

So, if you’re thinking about investing in property, Leeds should be at the top of your list to research! It’s a city on the rise, with great culture, a booming economy, and prices that won’t break the bank.