Upward trend in Construction Activity for Leeds.

February 5, 2016

Positive news in the commercial construction sector with the Leeds Crane Survey for 2015 showing that the region has achieved a 9 year high for new schemes started with 16 new schemes having started during 2015. Full report can be read here.

 

Once again, with assumptions that residential property values will increase as demand soars and the positive employment outlook, ‘renewed confidence‘ is the term used by Angela Barnicle, head of Real Estate for Deloitte in Yorkshire.

  • 865,000 sq ft of office space under construction.
  • 224 hotel rooms under construction.
  • 213 residential units under construction.
  • 474 student bed spaces under construction.

Angela Barnicle is also quoted as saying: “It’s likely the residential market will continue to grow, linked to the increase in job opportunities being created by economic growth in the city. This will have a positive knock-on effect for other sectors, in particular leisure… ”

 

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Estate Agent Talk

UK postcode study identifies where buyers get the most space for their money

New analysis has revealed the best-value postcodes for buyers: One UK town offers FOUR times more space than the national average. The study, compiled by the experts at Sell House Fast, analysed postcodes across England and Wales to identify where buyers get the most space for their money. Where £100,000 buys the most space in…
Read More →
what is happening to house prices
Breaking News

The graduate shortage: who will value Britain’s homes in 2030?

According to RICS, the average qualified surveyor is in their mid-fifties. Couple this with new entrant numbers failing to keep pace with retirements, and the profession faces a critical skills gap at the worst possible time. Ryan Mathews, Managing Director of LRG’s Surveyors division, examines why surveying struggles to attract new talent and what needs…
Read More →
Breaking News

62% of letting agents failing to comply

The latest industry insight from The Letting Partnership has found that while Client Money Protection (CMP) is a legal requirement across the lettings sector, 62% of letting agents are failing to clearly display valid CMP certification on their website, highlighting a growing issue around how compliance is demonstrated to landlords and tenants. The Letting Partnership…
Read More →
Breaking News

UK house prices sit above pandemic market peak

The latest research from Yopa has found that, six years on from the first Covid lockdown (23rd March 2020), the average UK house price remains 1.7% above the peak reached during the pandemic property market boom, despite the more subdued market conditions seen since. Yopa analysed* average house price data at three key points in…
Read More →
how to present your property for sale
Breaking News

Energy efficient upgrades now an essential home feature

Savers with student loans put away £2k less per year towards a house deposit than those without 44 per cent of those with student loans say the debt makes it harder to be financially stable, with 41 per cent saying their repayments make it harder to save for a home Barclays Mortgage data shows the…
Read More →
Breaking News

Inverclyde crowned Britain’s most affordable place for first-time buyers

Inverclyde, Burnley and Hartlepool amongst most affordable areas in Britain Kensington and Chelsea, Oxford and Cambridge least affordable North has smallest gap between least and most affordable areas in the region while London has largest Around 70% of local authorities have seen an improvement in affordability over the last year, with Islington seeing biggest improvement…
Read More →