Leeds rents and prices set to boom
PRICES: House prices in Yorkshire are set to increase by 13.6 per cent in the next five years according to JLL, with growth in the region outpacing the rest of the UK in 2017.
In Leeds, JLL is forecasting house prices to increase by 21.6 per cent from 2017-2021. Driven by young professionals, the city’s 50,000 students and new residential developments, Leeds is set to see the largest increase in rents in comparison to Manchester and Liverpool over the next five years – with growth reaching 22.2 per cent.
JLL says around 12 new developments, with over 5,000 units, are expected to start in the city centre in the next two years.