Leeds is a heavyweight in the UK economy, generating £26.2 billion GVA a year, and accounting for over 40% of West Yorkshire’s £70 billion economy.
It is the UK’s fastest growing city supporting growth UK wide.
The city of Leeds has a diverse population made up of 812,000 people, and employing 489,400 people with 3.1 Million people living across the region and a skilled workforce of over 1.1 million professionals demonstrating high demand for property.
Regeneration & Institutional Investment
Leeds is undergoing a major wave of regeneration, with several billion-pound schemes currently in progress or set to launch, reshaping the city’s skyline and boosting its long-term growth.
Leeds is a key player in ‘Invest West Yorkshire’ or The West Yorkshire Investment Zone. This is a strategic initiative aimed at fostering innovation and economic growth within the region, particularly in the health technology (HealthTech) and digital technology sectors. It is projected to create over 2,500 new jobs within five years and potentially unlock more than £220 million in investment across the area.
South Bank Leeds, a £500 million project, is one of the UK’s largest city-centre regeneration schemes, set to deliver 8,000 homes and new commercial space.
Connectivity & Transport
Leeds Train Station: The busiest railway hub in Northern England, serving over 30 million passengers annually.
Leeds Airport: Serves over 4 million passengers per year, offering flights to 70+ domestic and international destinations, including major European hubs.
Road Infrastructure: Excellent motorway access (M1, M62, A1(M)), linking Leeds seamlessly to Manchester, Sheffield, Birmingham, and nationwide routes.
Leeds’ robust transport and connectivity infrastructure significantly enhances its appeal as a prime residential and commercial investment location.
Employment
Asda: One of the UK’s leading supermarket chains, headquartered in Leeds, employing thousands in the region.
Yorkshire Bank: Headquartered in Leeds, offering a range of banking services and contributing to local employment.
Leeds City Council: Employs approximately 33,000 staff, providing a wide range of services including education, housing, and transportation.
Arla Foods UK: Operates a significant production facility in Leeds, contributing to the city’s food manufacturing sector.
Channel 4: Relocated its national headquarters to Leeds in 2021, enhancing the city’s media landscape and providing numerous employment opportunities.
Leeds Teaching Hospitals NHS Trust: One of the largest NHS trusts in the UK, employing over 18,000 staff across multiple sites, including Leeds General Infirmary and St James’s University Hospital.
Jet2: Jet2 plc’s headquarters are located in Leeds and they employ around 14,053 people.
Universities, Education & Graduate Retention
Leeds is home to outstanding universities, including the prestigious University of Leeds, the innovative Leeds Beckett University, and Leeds Trinity University—together serving over 60,000 students. In total the city boasts over 76,000 students across 6 universities creating a ready-made workforce.
Leeds has a student retention rate of around 30% which means around 5,000 young professionals a year enter the job market, with most looking for quality homes to live in after graduating.
Lifestyle & Amenities
Vibrant Cultural Scene: Home to premier venues such as the Leeds Grand Theatre, First Direct Arena, and the iconic Leeds Playhouse. The city hosts major annual events like the Leeds International Film Festival, the lively Leeds Festival, and numerous cultural celebrations.
Diverse Retail and Dining Options: Leeds boasts luxury retail centres Victoria Leeds and Trinity Leeds, independent boutiques and vibrant markets like the historic Kirkgate Market and the stylish Corn Exchange. Food enthusiasts enjoy a diverse culinary scene, featuring award-winning restaurants.
Expansive Green Spaces and Recreation: The beautiful Roundhay Park, sprawling Temple Newsam Estate, and picturesque Golden Acre Park provide residents with abundant outdoor recreation opportunities.
Leisure: Sports fans can experience thrilling events at Elland Road, home to Leeds United FC, or at the famous Headingley Stadium, hosting international cricket and rugby.
Previous Growth & Performance
Leeds shows consistent growth in capital values over the last 10 years (UK House Price Index).
This is likely to continue when you look at the affordability statistics of the area with the average price being only £242,000 compared to London of £563,000.
Forecasts for Growth
Capital Value forecasts for 2025-2029: Savills anticipate a 28.2% increase in house prices across the Yorkshire & The Humber region, the joint 2nd highest in the country, narrowly behind the North West region.
Rental growth is expected to continue due to increasing tenant demand, a growing population and urban development projects.
Discuss Leeds investment property with one of the team
