The number of new starts in Leeds city can be attributed to the renewed confidence by the developers in the city brought by continuous investment in various sectors.
The renewed confidence in residential market in the city center is a significant step forward for Leeds. Whilst the majority of new starts have comprised of conversions of existing buildings, it is likely that 2019 will see a number of new build schemes coming forward. This will include the Tower Works site south the river which is being progressed by the Homes and Communities Agency and Carillon, in addition to Caddick Development site at Quarry Hill and the former Yorkshire Post site on Wellington Street. Plans are also likely to come forward for the Heeton Holdings Limited site at Bridge Street.
Whilst a number of these proposals will operate the Private Rented Sector model, such as Low Fold and Tower Works will also include family housing. The provision of new education facilities and other services in the South Bank area will further encourage a mix of occupiers to move to the city centre.
Average monthly sales price of all properties in last one year