Tuesday, June 16, 2015

Rising house prices in Leeds paves way for new launch of an income generating property investment

According to property analyst Hometrack, property prices regional cities such as Leeds are rising at a faster rate than London for the first time in a decade.

Spurred by low mortgage rates and growing consumer confidence, property prices in key UK cities are performing ‘better than expected’, as investors and home buyers inject more money into the market.
In March, year-on-year house price growth was 6.6% in Leeds, while annual growth in London boroughs such as Kensington, Chelsea, Camden, Hammersmith, Fulham and Westminster have increased between 3% and 6%.

Offering a lower entry level into the market, property investment opportunities in Leeds may start to outshine those in the Capital.

Why invest in property in Leeds?

Known as the financial and legal centre of the north, Leeds is a prime location for property investment.
According to Knight Frank, economic growth in the city is forecast to outperform the UK significantly from 2016.

Highlighting the demand for rental property in Leeds, local agent www.lettingagentinleeds.com has reported that occupancy rates across Leeds have reached 99% or above.

What’s more, Leeds has experienced a 5.1% average rental growth in the year to Q4 2013.

New investment launched in Leeds

Over the last few years, buy-to-let property has emerged as a key asset for those looking to generate an income from real estate.

With rising property prices, rising rental growth and high occupancy levels, Leeds is an ideal market for property investment.

For those looking to capitalise on the strength of the property market in Leeds, Experience Invest has just launched a new, high-yielding buy-to-let opportunity.

Boasting a city centre location, Victoria House comprises studio, 1 and 2 bedrooms apartments and will generate investors an 8% NET income per annum - which is assured for the first 3 years of the investment.

Fully managed by a leading Management Company, early investors will be able to purchase an off plan apartment 20% below market comparables.

With the average property price in Leeds now standing at £180,579 (Zoopla), investors will be able to secure a studio apartment from just £79,950.

With only a limited number of apartments for sale in Leeds, investors are advised to act early to avoid missing out on this income generating opportunity.