Leeds rents and prices set to boom

Yorkshire Post - Property - - PROPERTY NEWS -

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.

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