Just like the property prices, Leeds as a city has seen the amount of visits per year soar in the last decade. Research reported by the Yorkshire Evening Post revealed that Leeds welcomed over 29 million visitors in 2017, which raised an estimated 1.7 billion pounds for the local economy.

he obvious outcome of booming tourism is the local council investing more money into the city. Business owners will always be happy to continue to build restaurants, hotels, bars, cinemas and other leisurely activities in an area that constantly has people coming in and out. This will create more jobs, which will lead to more people moving to the area.

However, an increase in jobs already appears to be happening in recent years, and this is also reflected in its rising population. The Office for National Statistics named Leeds as the second fastest growing city in the UK, only beaten by Liverpool. Considering this, not only is there a vast amount of tourists travelling to Leeds all year round, there will also be a consistent demand for both property to let and property to buy, indicating that regardless of the type of investment you make in Leeds, there will be people wanting to view it. This means that if you can find a below market value house in Leeds you will have a fantastic property investment for the future.

Although the local economy is booming, there is an evident divide between the rich and poor in Leeds, meaning there are still houses that are repossessed on a frequent occasion. As the property prices continue to rise because of the reasons (and more) previously stated, property prices will also rise, this means the divide may continue to grow resulting in some households not being able to keep up with the steep incline of living costs and mortgage payments. This is not a positive assumption, however it may result in a small rise of distressed properties available on the market. As stated at the top of the page, there was an estimated 12 repossessions in Leeds in April, May and June. This indicates that, despite there being such a high demand in this city for property, there are still repossessed houses for sale in Leeds, meaning there are opportunities to buy below market value.