Magate Gateway Leeds: Mabgate Gateway is a great choice for those looking to purchase a High specification Leeds City Centre Apartment. The thoughtful design of the development ensures that the apartments appeal to both homeowners and those looking to add to their investment portfolio. 1 & 2 bed apartments from £132,950
WHY BUY INVESTMENT PROPERTY IN LIVERPOOL?
Leeds city centre property market set to prosper over next five years
A new report by JLL predicts housing market stability and moderate price growth over the next five to 10 years. The property firm calls it “the new housing paradigm” and say that it should be embraced and welcomed. “It is good for government, the economy, buyers, sellers and industry participants. But it will take some getting used to,” according to JLL, which predicts house price growth averaging 2.5 per cent a year for the next five years.
It picks Leeds as the standout market to watch for rental growth between 2018 and 2022, saying: “City living has gained strong momentum in Manchester, Liverpool and Leeds over the past three years and, together with an active student market, has pushed demand in both the sales and lettings markets notably higher.
The JLL report predicts average rental value growth of 3.5 per cent per year over the next five years and adds “This forecast makes Leeds city centre our standout market to watch for rental growth between 2018 and 2022.” The average price of a two bedroom flat in Leeds increased by 2.8 per cent in 2017 to £185,000 but JLL expects stronger price growth in the city over the next five years to average of 3.7 per cent per annum, second only to Manchester at just over four per cent. The reports adds: “There is a strong appetite for high quality owner occupier stock in Leeds. We expect demand to significantly outstrip available supply over the next five years.”
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