March 13th, 2020
Leeds is one of the most exciting cities in the UK property market, in particular the purpose-built student accommodation sector. This vibrant, modern city is home to a large number of students thanks to its numerous universities. It also makes for an idyllic location for those looking to move out during their studies thanks to the rich industrial past and strong cultural scene. Here are just a few reasons why Leeds is so popular with both students and investors:
The Leeds City Region is home to the highest concentration of higher education institutes outside of the capital, with nine universities that produce 38,900 graduates a year – a significant contribution to the future of the region. The University of Leeds is one of the most esteemed establishments in the country. According to The Guardian’s University league tables 2020, The University of Leeds ranks as the 11th highest in the country. The university is also a part of the Russell Group – which represents 24 leading UK universities that provide undergraduate and postgraduate students with outstanding opportunities to learn.
Things to do
Leeds is a city bursting with life and offers a wide variety of amenities for residents to enjoy. The city is renowned for its fantastic shopping experience. The compact city centre is filled to the brim with designer stores, high street brands, market stalls and independent boutiques- offering something for anyone and everyone. A large majority of these shops are housed in stunning Victorian and Edwardian buildings, only enhancing the already enjoyable experience. Another popular thing to do in Leeds is to take in the flourishing food and drink scene. From high end restaurants to street food markets and independent cafés, the city truly offers an eclectic mix of things to do.
Leeds city centre is home to a thriving cultural scene. With a myriad of excellent food and drink establishments, as well as a great music scene - there is much to bring students and young professionals alike to the city. The city is also home to a prominent art scene. Art is a massively important aspect of the city’s identity, and there are numerous events and exhibitions that truly encapsulate the creativity in Leeds – such as the Leeds Art Gallery, The Henry Moore Institute and The Stanley & Audrey Burton Gallery to name a few.
Leeds has been named the “Digital Capital of the North” as well as being the largest financial sector outside of London and one of the UK’s most prominent manufacturing hubs. Property prices in Leeds have risen by over 20% in the last five years (Zoopla, March 2020), and prices look as if they are unlikely to slow down any time soon. Industry analysts have anticipated a further rise of 19.24% by 2021 and more investors are choosing Leeds as a buy-to-let location.
Leeds benefits from an ever-growing student population who are in constant demand of a premium student experience for the best value. The student sector is thriving, growing year-on-year across the city’s two main universities and is one of the most up-and-coming student accommodation hotspots for investors.
Are you interested in investing in purpose-built student accommodation in this incredible city? Click here to see our investment opportunities in Leeds!