[UK, 16/06/2022] Property development in the UK has been a growing industry in recent years, as the economy has recovered from the global recession due to the pandemic. Many factors have contributed to this growth, including the increasing demand for housing, the rise in house prices, and the availability of finance.
Leeds is one of the most popular areas for property development in the UK due to its strong economy and vibrant culture. Over the last 12 months, property values in Leeds have increased by 5.14%, and the city has seen a 23.75% increase in house prices over the previous five years. HOP Ltd, a leading property service company in Leeds, shares their quick guide to property development in the city.
One of the first things to consider when developing property in Leeds is the location. The city has several different areas, each with its unique character. For example, the Leeds Dock area is perfect for developing luxury apartments, while the Holbeck Urban Village is ideal for more affordable housing developments.
Another essential factor to consider is the transport links in the area. Leeds has excellent road and rail links and an international airport. This makes it easy to get around the city and connect with other parts of the UK and Europe.
It is also essential to obtain planning permission from the local council before starting any development work. This can be a complex process, so seek professional advice. Some areas of Leeds have special restrictions on development, so check with the council before starting any work.
About HOP Ltd
HOP Ltd is a leading property service company in Leeds. They have over ten years of experience in the property development industry, and their team of experts offers comprehensive services, from initial feasibility studies to completion of the development. They also provide lettings, sales, property investments, and block management services.
Learn more about their services on their website at https://hop-property.co.uk/.