MORE JOBS = PROPERTY BOOM!
10th August 2016
In 2008, the financial crisis had everyone in despair, the housing market in Leeds was amongst the most affected cities with prices dropping tremendously.
Looking back seven years ago, times were tough! Still to this day, property prices all over the UK are still struggling to reach to where they were before the crash.
However, surely but steadily the prices have recovered in one place in particular - Leeds City Centre!
The rise in property values within Leeds City Centre is largely due to the better employment prospects! With the financial and services sector in Leeds being one of the largest in the UK, worth over 2 Billion pounds. This has abetted vast investment and fresh talent in the areas!
Leeds has gained status as it just one of three cities in the UK, along with London and Manchester to have more private sector jobs than the national average; this has produced more demand for property!
The jobs market is fundamental for the regional property market and its impact is highly accountable.
Watch out for this thriving region!