Flat shortage fear hits city centre
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.”