When many people envision historical Leeds, they imagine wool. Companies on the forefront of Industrial Age technologies took off in Leeds during the late 19th century, but even before that Leeds was an important trading post for textile merchants. As time went on, Leeds became an industrial powerhouse. During WWII, factories in Leeds played an instrumental role in defeating Hitler’s Germany.
To this day, Leeds still produces plenty of wool. However, in the modern era, Leeds is also known for higher learning and scientific research. Four world-class universities call Leeds home. Thanks to the constant presence of college students, Leeds’s demographics skew young. The youthful, highly-educated workforce in Leeds is fuelling a white-hot urban economy. Experts believe that Leeds’s strong economy is poised to take off and explode very soon.
If you own Leeds property, now is a great time to sell. That’s why Spring is willing to give you an upfront cash offer for your property. Call or email us today to find out how you can collect in a little as 7 days.
Why Do People Want to Relocate?
One of the main factors fuelling the growth of Leeds and other cities in the UK is that London is getting too big. The capital is too crowded and salaries aren’t keeping up with the rise in monthly rental costs and property appreciation. As a result, many Londoners are looking to relocate to other cities in the United Kingdom.
Additionally, people from eastern European EU countries that might have picked London a decade ago are now moving to other cities when they come to the UK to find jobs or settle down.
Other than the fact that London is no longer a viable option for many people moving to the UK, Leeds offers a number of compelling reasons to invest in property.
Low cost of living. Residents of Leeds are able to spend the night out on the town without breaking the bank because beer is much cheaper in Leeds compared to London. Groceries and gasoline are also much cheaper compared to other UK cities.
Pleasant weather. Summers in Leeds are mild and the winters aren’t as cold as in other UK cities due to the fact that its central location shields Leeds from ocean wind and fog.
Experts believe that the economy of Leeds will continue to boom for the next five years. New projects like First Direct Arena and Trinity Leeds have created thousands of new jobs.
The music scene. College towns like Leeds are great for artists trying to gain popularity. Many big names in the music industry got their start at Leeds’s Brudenell Social Club or the HiFi Club.
It’s a shopping mecca. Leeds’s low prices pull out-of-towners into its humongous Primark in Trinity Shopping Center, but locals enjoy perusing Leeds’s many independently-owned boutiques’ stores at the Corn Exchange.
It’s one of the greenest cities in Europe. Leeds contains 4,000 refreshing acres of park space.
If you own Leeds property, it’s wise to sell now while there are buyers lining up to make a purchase. Contact Spring now to find out how to get a cash offer on your Leeds property.
After we receive your details, one of our Property Advisors will call you within 24 hours to confirm details about your home and to explain our process if you choose to proceed. For more about selling your home to Spring see How it Works.