Flat short­age fear hits city cen­tre

Yorkshire Post - Property - - FRONT PAGE -

RES­I­DEN­TIAL sales ac­tiv­ity in Leeds city cen­tre is set to grind to a halt if plans for new schemes are not put in place soon, ac­cord­ing to Jonathan Mor­gan of Mor­gans.

Jonathan says: “There are no apart­ment schemes cur­rently be­ing built and none are planned for next year ei­ther. Hav­ing been crowned the empty flats cap­i­tal of the North in the past, Leeds has gone from one ex­treme to the other with the only scheme on the hori­zon be­ing Crispin Lofts, which is be­ing built specif­i­cally to let.

“Schemes within the main city core are nearly all fully oc­cu­pied which means there isn’t much choice for owner oc­cu­piers or in­vestors at the mo­ment. We have gone from chronic over-sup­ply to a real lack of apart­ments in these cen­tral ar­eas.”

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