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Why we expect a surge in demand for Leeds homes in 2020

Published: 07/01/2020

Here in the Leeds office, we have found that one of the best ways to get a picture of what’s happening in the local market is to look at the statistics. However, we also derive a huge proportion of our local market expertise just by chatting to the buyers and sellers we see every day. Many, regardless of how they voted, feel the election result will be good for homeowners.

The one thing that's becoming obvious is that the brand of Leeds is growing into something much bigger and better than used to be the case. We only have anecdotal data, but it seems pretty clear that the sphere of influence our part of the world has for buyers is expanding. It's this burgeoning demand which has been responsible for the fact that prices here have risen, on average by 10 per cent per year since 2000.

For those of us that have lived here for a long time, it’s easy to forget how amazing the area is. We’ve got it all in terms of high-quality housing stock, a fantastic mix of people, amenities, transport accessibility - you name it. As work patterns change, and five days per week in the office becomes rarer and rarer, so too do attitudes towards choosing a place to live.

With more and more positive property market data coming through every day and sentiment on the ground going from strength-to-strength, we think that 2020 will be very kind to anyone who owns a property here. If you’re thinking of getting on the housing ladder, upsizing downsizing or investing, make sure you work with a local market expert and you can’t lose.

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