Category Archives for "property investment"

Section 21

Section 21 Why You Can Keep Using It… For Now

So the government announced this reform, of itself it’s nothing dramatic as long as they do a much better job on the Court Reform and the Section 8 strengthening.

The problem we know is that the government is inept at reform so it’s likely to have further negative effects on the market.

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Video Transcription:

Hey, guys. Brett here, Brett’s Property Rants. What I want to do is, I want to just go through the Section 21, the end of Section 21, because the government’s come out and announced that, effectively, Section 21 is going to be no more. Now, importantly, that doesn’t mean now. They still have to go through a whole in processes and so it’s unlikely to happen before … certainly not in 2019, especially with Brexit. 2020 is more likely, but sort of back end, I imagine.

I just think that the government’s going to be so focused on the Brexit stuff that this will become a backdoor issue. But literally, they’ve hardly done any consultation. They’ve already made the decision, even though … It’s almost like to come out and say, “This is what we’re doing,” right after. And actually what they’ve said is that they want to do a further consultation on longer tenancies, and so this is one of the things that they want to do, is actually get the longer tenancies.

So basically, it’s still way long way off. Right now, I think the important thing is, as landlords, and what is going to start to hear more from me now, is we need to get together, and we need to become one voice as an industry, as a body, so we actually get heard. Because I think we’ve got to realize, the government is arrogant, and they think, “Well, there’s no way landlords are going to vote with Labor because Labor’s talking about all these rent controls and restrictions and things like that. So we’ve got them. We don’t need to worry about them. They’ll vote for us.” But I think what we need to start doing is saying, “Uh-uh, you’re not guaranteed. What we will do is disrupt you by voting for a third party or somebody else.”

Because I think they have to understand that what they’re doing is they’re trying to appease tenants, because Labor, they feel Labor’s been taking the tenants away, so, therefore, they’re doing these things to try and get the tenants back on side. Meanwhile, they’re saying, “Stick it to you, landlords.” They’re so arrogant about everything they’ve done, and that’s the thing that really peeves me off. In most businesses, you have a business and this is your income, you can deduct your expenses. If something goes wrong, you’re given a chance to put it right.

All the legislation that’s coming out now, it’s not a question of putting it right. It’s a question of, “Here’s the fine.” And the local councils are going to do it, and here’s … Effectively, what we’ve become is we’ve become the punching bag for the local councils to extort money out of. And make no mistake, most of this stuff is extortion. I mean, the very fact that one of their proposals is that with the tenant fee ban if a tenant is late 14 days, you can’t charge them interest. So basically, tenants can have an interest free loan. It’s ridiculous. Nowhere else are you able to get an interest free loan for 14 days. But, hey, punching bag landlords, that’s what they’re doing.

Anyway, back onto the Section 21. So it’s unlikely to happen straight away. There’ll be some further consultations, and that’s why I’m saying we need to come together as one voice. Really, what this all about … And look, to be fair, the whole Section 21 thing, how this affects us will depend on, number one is, how they strengthen the Section 8 and how they solve the court problems. Because make no mistake, this whole issue is not about Section 21. Section 21 has been one the most effective ways to get a tenant out, because you don’t want to rely on Section 8, as much as you would like to. There are so many times I’ve seen in court now where the judge rules with the tenant and gives them so much leeway at the expense of the landlord.

It’s like there’s no chance of getting that money back, and this is the problem. It’s almost like, “Oh, yeah. Oh, it’s a tenant. Oh, okay. I know you did the wrong thing but have another chance. Go away. Come back in two weeks time or three weeks time or six weeks time.” And then what a tenant starts to do, it starts then, “Oh, I’m sick today, and here’s my doctor’s note. So I can’t turn up. Let’s put it off.” So it’s another time. This is the sort of stuff that’s going on in the courts. Not only that, it takes so long to get. So they need to strengthen this.

One of the things that I’m now looking at is not using the court bailiffs, but actually using the High Court bailiffs. In other words, private institutions to go and get that debt. So when you’re in court, you actually ask to say, “Can you give it to the High Court?” It costs you money. So the other way’s free, there’s an admin fee. This way costs you money, but actually, you get it quicker, because with a High Court bailiff there’s no 14 days warning. It’s, “Right, get out now. We can go round there and execute that possession warrant.” There’s all these sorts of things, the questions around that.

The major thing is, okay, Section 21 goes, fine. Actually, it doesn’t matter. What we need is a way to end the tenancy when there are issues, which is Section 8. The problem with Section 8 is, most people will tell you how things go in court, which is that the tenants get lots of leeways. The problem is, it takes so long to get to court that it costs so much money. This is all about court reform and what they’re going to do there. The problem is, there’s no money in the courts. There’s no money. It’s ridiculous. I mean, it’s so underfunded. One of my best mates, he used to be a barrister in the criminal prosecution service, and it’s amazing how his income went from this down to where he actually got out of the industry voluntarily early, become a university lecturer because there was no money in it. Because the governments were austerity and austerity for like 10 years.

Look, the problem for me is what’s going to happen and what’s going to happen with Section 8. They’re the two keys issues that you need to consider and you need to continue to watch out for. But it’s not happening straight away, so you hear [inaudible 00:05:45] for it. So don’t expect definitive answers right now. Nothing changes. You can still use your Section 21s in the appropriate way. And look, for me, this is another landlord bashing thing is, most landlords don’t misuse it. Most landlords use it correctly and properly and do the right thing. But unfortunately, a small percentage do, and that’s what the shelters and the governments and that are jumping on and using, “Oh, look, this is happening all the time. We need to fix this.” It’s like, rubbish. You’re a bunch of idiots. Anyway. All right, guys, have a great day and live with passion. See you later.

Manchester Property

Which city has the fastest-growing property prices in the UK?

Manchester property investment looks set to continue its winning streak

According to Cushman & Wakefield, the global real estate agency, property price growth has been faster in Manchester than anywhere else in the UK in five out of the last six years. In 2017, average price growth of 11% was more than double the national average.

In this article, you’ll learn that Manchester is recognised as a property hotspot globally, and I’ll introduce you to an area which I think has great potential to outpace even the highest average property investment performance in Manchester.

Manchester is a city with high liveability

The Economist Intelligence Unit (EIU) recently released its annual survey of the world’s most liveable cities. Manchester has soared through the rankings.

The Global Liveability Index rates 140 world cities across a range of lifestyle variables. These include 30 factors in five broad categories: stability, healthcare, culture and environment, education, and infrastructure.

Austria’s capital Vienna has taken the top spot. Of the UK’s cities, Manchester came top in 35th position: a whopping 13 places above London. However, Manchester’s position in the top quarter of global cities measured by the index doesn’t tell the whole picture. It is surely the standout performer, having risen an incredible 16 places in the league table compared to its position last year.

Manchester is a resilient city

The survey’s editor and Head of City Practices for the EIU, Roxana Slavcheva, noted how Manchester had swept aside the Manchester Arena terrorist attack of last year. Indeed, its improved security score was a factor in its meteoric rise, which now sees the city 2.2% ahead of London in the EIU scoring system.

She also noted that, “What is more, Manchester also represents a regional trend over the past year, where there have been notable improvements in security in several western European cities which have shown resilience in their recovery from terrorist attacks.

Manchester’s improved resilience has been reflected in the performance of property prices in the city.

Property prices still going strong in Manchester

Manchester’s property prices have continued to outpace those of other UK cities. Turning back to the Cushman & Wakefield analysis, Manchester property prices increased by 9% between July 2017 and July 2018. That’s a colossal performance in the face of so much negativity surrounding UK property as we move through the Brexit timeline.

Cushman & Wakefield are almost as bullish about the prospects for property in Manchester as I am. Their Associate Director Julian Cotton has said, “Greater Manchester is the UK’s largest and fastest-growing economy outside of London, having transformed itself into one of Europe’s most dynamic and exciting cities in which to live and work. Manchester city centre and Greater Manchester as a region has swiftly become a desirable and immensely lucrative location in which to invest.

For longer-term buy-to-let investors, the potential returns look particularly attractive. There is a high proportion of students compared to the population, the population is growing rapidly, as are the number of businesses, and the demand for rental property is following suit. Consequently, rental prices have been rising strongly: up by 10% in the year to April 2018.

Trafford could be the micro hotspot for your investment

At the edge of the city centre, Trafford is about to undergo largescale regeneration that will transform another swathe of the Manchester landscape. Trafford Council is working with developers on a number of schemes. The regeneration and redevelopment will provide a huge boost to the area’s offering of retail, leisure, education and housing. It will also take advantage of Trafford’s two ‘Old Trafford’ sporting arenas. Highlights include:

  • The White City Retail Park is set to be redeveloped, along with supporting infrastructure and improved pedestrian access
  • There will be a new tram station near to Manchester United’s Old Trafford stadium, providing improved transport options
  • New and improved public spaces
  • A new civic plaza linking Lancashire County Cricket’s Old Trafford home with the town hall
  • A new ‘Town Hall Quarter’
  • A new ‘Campus Quarter’, which will host the sports and media university backed by a conglomerate of Bruntwood (the property developer), Trafford Council, Microsoft, and former Manchester United captain Gary Neville
  • New housing to support a growing population as the quarter benefits from upgrade and regeneration

Trafford is one of our locations of choice in Manchester. Having already benefitted from huge investment into regeneration, this latest regenerative effort is the icing on the cake. It’s a prosperous area, with weekly wages above the national average, and home to the famous Trafford Centre (Intu), the largest shopping centre in the UK.

While the average house prices here are above the Manchester average, the dynamics of the local economy and the investment into it leads me to believe that an investment here could have serious potential to produce higher-than-average rental yields and long-term capital gains.

To learn more about Trafford, hop over to our Trafford Property Investment Guide for a more detailed snapshot of the factors that underpin our confidence. For a more particularised chat about the best current property opportunities, contact Gladfish today to book a meeting.

Live with passion,

Brett Alegre-Wood

Leeds Property

Regeneration, infrastructure and enterprise is the fuel behind Leeds property investment

It’s all positive for property investors in the heart of the Northern Powerhouse

Leeds has a mind-blowing growth potential for economic growth. In the heart of the Northern Powerhouse, the Leeds city centre region is primed for an explosive future fuelled by a thriving economy that is set to create thousands of new jobs. The investment being made into infrastructure in the region could be the key that unlocks this potential. Billions of pounds are being poured into the transformation of Leeds. We believe that property investors should follow the money.

Transformative transport will propel Leeds to new heights

Leeds is already a well-connected city, with more than 7 million people within an hour of the city centre by road. Its railway station at New Station Street is one of the busiest railway stations in the UK. More than 60 European cities are a flight away from Leeds Bradford Airport. This connectivity is about to get even better.

Currently, Leeds offers rail commuters direct services to Birmingham, Bristol, Exeter, Manchester, Liverpool and London. HS2 will slash journey times to London, from two hours 11 minutes to 1 hour 21 minutes. The first phase of HS2 is due to open in 2026. Commuters and businesses will find Leeds even more attractive than it is today. It will be easier for people and goods to travel in and out of Leeds, and local authorities and businesses are already gearing up for exciting new dawn for Leeds as an economic centre:

  • The Strategic Economic Plan focuses on transforming the Leeds City Region
  • The aim is to create more than 35,000 new jobs

Regeneration is widespread and largescale

Billions are being invested in the regeneration of Leeds, across the city. Plans in the pipeline and already currently underway include:

The Grand Quarter – transforming the old to develop a modern city

The Grand Quarter is packed with heritage and historic buildings but has been in decline as under-investment led to neglect. Leeds Council is now planning to create a conservation area in the Grand Quarter, protecting local assets, redesigning road layouts, and helping to conserve the qualities of the local area and integrate with future development.

Fewer than two in 10 of the old buildings here are in good condition. The regeneration scheme will help to provide funds to owners to enable them to update and renew, helping to transform this historic heart to a place fit for modern living, but with its character preserved and enhanced.

Mixed-use at Quarry Hill

Hundreds of millions are being invested into the Quarry Hill site, where more than two hectares will sustain a mixed-use development to include two 16-storey residential blocks, bars, restaurants, a new hotel, and open spaces.

At the heart of this project sits City College, West Yorkshire Playhouse, and Leeds College of Music. The West Yorkshire Playhouse has been transformed by a £14 million refurbishment and renamed the Leeds Playhouse. The College of Music is spending £57 million on transforming its campus.

Rebrewing Tetley on the South Bank

The old Tetley brewery site on the South Bank is being redeveloped to provide office, retail and leisure space, and new homes. Two hotels are included in the scheme, which, when completed, will deliver 850 new homes. But this is only the tip of the iceberg on the South Bank, where tens of thousands of jobs will be created along with as many as 4,000 new homes, and a new park.

Enterprise placed front and centre

In 2012, an area at the heart of the Leeds City Region was designated as an Enterprise Zone (EZ). Covering a total of 142 hectares across four sites (Newmarket Lane, Thornes Farm, Logic Leeds, and Gateway 45 (Temple Green). The EZ is located along the East Leeds Link Road linking the city centre to the M1 motorway.

Planning is in place to provide a range of employment uses, including manufacturing, distribution and offices. Hundreds of construction jobs are already supported by the developments. It is envisaged that the EZ will kickstart the regeneration of the wider Aire Valley, which is expected to deliver more than 9,000 jobs by 2025.

Regeneration Leeds – the pure potential for property investors

Leeds is a lifestyle city, ideally located for businesses and its residents. Regeneration spending of billions is planned here, adding to the more than £3 billion already invested in the last 10 years.

The transformation will encourage businesses into the city, and the new jobs created combined with the great lifestyle offering and cheaper cost of living than other cities will encourage more people to move here. The population in Leeds is projected to grow by 123,000 by 2036 (Government Office for Science).

The position of Leeds in the heart of the Northern Powerhouse, the upcoming HS2 services, massive regeneration initiatives, a flourishing local economy, and investment into providing the infrastructure to support business and new jobs, are just a handful of the reasons why we believe Leeds should be on every property investor’s radar.

To find out more and receive an in-depth appraisal of the best property investment opportunities in Leeds, get in touch with Gladfish today.

Live with passion

Brett Alegre-Wood

London Property

Property fundamentals show it is time for investors to be bold in London

Savvy property investors ignore Brexit ‘expert’ forecasts

As the ‘will we, won’t we?’ Brexit juggernaut rumbles on, it’s time that property investors got back to examining what really underpins profit potential, by concentrating on the property fundamentals that drive supply and demand.

Why you need to ignore Brexit

We’re currently in the second round of ‘project fear’, with the Treasury and the Bank of England warning of an economy driving off a cliff if the UK leaves the EU with no deal in place. We heard exactly the same before the EU referendum in June 2016, when all the same economic ‘experts’ forecast that after a vote to leave the UK would immediately fall into a deep recession, interest rates and taxes would rise, and property prices would fall by up to 30%.

What these forecasts (now being relabelled as ‘scenarios’) don’t do is take into account policy decisions to manage the economy. The Bank of England (under the leadership of Mark Carney) was quick to claim that its 2016 forecasts of doom were avoided because of the action it took. You may remember that it cut interest rates and increased quantitative easing (QE) by £85 billion. It has since increased interest rates and stopped its QE.

If you pay heed to all the headlines, you would think that the UK’s economy is already on its knees. In fact, the UK is in a much stronger position now than it was before the EU referendum in 2016:

  • There are now almost 820,000 more people employed in the UK than there were in June 2016
  • The unemployment rate is at a 45-year low
  • Wages are rising faster than inflation
  • The UK average house price in September 2018 was £233,000 compared to £214,000 in June 2016 – a RISE of 8.9%

What about London?

So, the UK as a whole is still doing pretty well – and much better than those May/June 2016 forecasts. In fact, comparing the actual outturn to those experts’ forecasts, there are more than 1.3 million more people in work than was expected, and average house prices are as much as £80,000 higher than predicted.

In London, it was forecast that up to 100,000 jobs would be lost from the city as financial firms fled to set up European headquarters. That hasn’t happened – it is now forecast that less than 5,000 jobs ‘may’ be lost in the City after next March. Perhaps one reason is that the EU has changed some rules to enable financial firms to maintain access to European markets and financing from London post-Brexit.

Meanwhile, the collapse in London house prices that was predicted also hasn’t materialised. Sure, property prices in prime central London have eased – but don’t forget that they had risen very strongly just prior to the EU referendum as home buyers and investors rushed to beat the imposition of extra stamp duty from April 2016 (as The Guardian reported in March 2016). Elsewhere in London and Greater London, house prices have continued rising.

Including the weaker prime London market, the average house price in London has increased from £472,204 in June 2016 to £484,926 in September 2018. Yes, you read that correctly: average house prices in London have increased since the vote to leave the EU.

Could this be the opportunity of a lifetime to invest in London property?

Investors buy property in London for potential capital gains. In 1998, the average house price in London was around £115,000. In 2008, this had increased to around £350,000. Despite the Great Recession in 2008/9, the average house price in London has increased by a further £135,000 in the last 10 years. That’s an average of 7.5% per year for 20 years.

The property fundamentals in London have not changed:

  • The population is still forecast to grow strongly, with an increase of almost 9% between 2016 to 2026 – more than 800,000 higher than in 2016
  • There is no better place to go shopping in the UK than in London
  • It is a lifestyle city with amazing leisure facilities
  • It is undergoing huge regeneration, such as the regeneration at Elephant & Castle
  • Huge spending on infrastructure such as Crossrail is producing new property hotspots
  • It is home to some of the country’s best schools, colleges and universities
  • Its economy is growing, with a huge financial and professional services sector and tech and the digital economy

The land is scarce in London. It is a world city in every aspect. The London property market is sluggish at the moment, but the long-term attraction of investing in the capital remains. There is a lot of uncertainty in the market today, but when this is removed we believe that price growth will return. You may never have a better opportunity to invest in London property that exists today. However, not all areas of London are equal. Some locations are packed with potential, others not so much.

To find out where our research tells us are the best investment opportunities in London pre-Brexit, get in touch with Gladfish today.

Live with passion

Brett Alegre-Woodtime fo

Section 21 Ban

What landlords need to do about Section 21 ban

Not very often do I get mad about things but this has set me off.

Theresa May has gone too far with this. As landlords, we need to band together and become one voice.

Anyway watch the video and I will update you about how we can fight back.

Video Transcription:

Hey guys, Brett’s Property Rants. Today, yeah pissed off. You may have seen the live one that I just did, the video I just did. The Government is just losing it. They’re just a bunch of idiots. They’re talking about removing the Section 21, or the no-fault eviction. Anyway, you could watch the live one about my thoughts on that, which is just that it’s ridiculous.

I think one of the points is I’m just reading through the newspapers here. Of course, now, one of the papers, I won’t say who but is talking about them being short evictions. What a load of crap. Do you know why they’re calling them short evictions? It’s because the bloody courts are so frigging useless, yeah, that you cannot get a tenant out for at least three or four months. It takes so long to go through the whole process from the time they stop paying, or the time they do something majorly wrong where you want to evict them, where they should be evicted, rightfully should be evicted, yeah, it takes so long.

Yes, in that relation, it’s a short eviction. Basically, you got to give them frigging two months then, yeah, it’s a short eviction. You know what? This is absolutely ridiculous. It’s just another layer of ridiculousness by a Government that clearly… I mean I’m amazed they even, well, number one, I’m amazed they had even time to think about this. They’re spending so much time on this ridiculous Brexit and how they’re coping with that, or not coping with that. Anyway, it’s not about Brexit today. It’s about this Section 21.

I mean, really, this is the methodology that you have to use now in a lot of cases to get people out or get to the point where you can instruct people to get rid of them. It’s a lot quicker to do it that way than it is to go through all the other rubbish and the ways they do it. I mean the whole Section 8 process just takes so much time. Now, so many tenants can abuse the system.

I mean we’ve got one tenant, I mentioned before in my other video, 18 months they’ve not been paying, $1800 a month for a place. They’re not even a tenant. They claim to be a tenant, they’re a frigging permitted occupier. Yet, they’ve been allowed to go from one court to the next to the next that has been passing it all the way up to the High Court.

So far, I imagine there’s 40 or £50,000 out of that landlord’s pocket in loss of rent, legal costs, in all these sorts of things. I mean because it’s one of our things, I’ve had to instruct our insurers because of the sheer costs that are involved. It’s ridiculous. This woman even had the audacity to try and get an injunction against us, so that we couldn’t do our jobs. In the end, she got advice, basically got told to pull her head in. Meanwhile, I’m 7,500 out of pocket. That’s the appalling state of the market right now.

Now, Shelter and all these other idiots won’t talk about that side of it, which is what landlords are copping and what agents are copping. I mean to add to it, 170 bits of legislation. You know what? This is appalling, appalling what they’re doing. There is no consideration really for what is rational or what is right. It’s a total knee-jerk. They’re not really asking for opinions. They’re not really interested in that opinion when they’re given. I mean it is just appalling.

My take on it is we need to, as landlords, start banding together and having a voice. Otherwise, people like these Shelter bloody idiots are just going to continue to go on and on and on with all this rubbish. I mean we’re talking about small percentages of landlords that abuse it but, yet, they’re applying it across the whole board. I mean we have over 1200 properties we manage. In that 1200 properties, very rarely… And, in fact, I couldn’t even think of one, and neither the guys from the team, think of one instance where landlords are abusing their situation.

You know what? They want tenants in there. They want to keep tenants in there. Yes, they want to raise the rent because their costs are going up. Yes, they want to do all sort of things they have to do that. We have to raise the rent. I can tell you, I will be the biggest one to raise rents on these tenants. Yeah? Because we need to with all the additional costs, with regulations plus with Section 21’s gone, that means more stuff is going to go to court which is going to take longer. Rent and legal insurance are absolutely going to be needed now, which is another cost. All these things are just adding to it.

It’s appalling, absolutely appalling for what is a small minority. Government isn’t interested. It’s no use even talking to them. What we need to do, as landlords, is band together and have one voice and really stick it to them and tell them that this not appropriate. Anyway, guys, have a great day. Live with passion, and we’ll chat soon. Bye.


Leeds Property

South Bank regeneration sees prospects in Leeds heading north

Is this the key to unlock exceptional profit potential?

Leeds is one of the UK’s top economic performers. Its economy is diverse and forward-looking, with a rapidly expanding digital and tech sector. It is a university city, supplying local businesses with a steady and growing stream of highly qualified and knowledgeable graduates. The city is one of the nation’s top tourist destinations, with a fantastic retail offering. All this helps to make Leeds a great place to invest, but it gets even better…

HS2 is coming, and Leeds has a strategy to maximise its benefits to the city. The city’s ‘HS2 Growth Strategy’ may not be the most imaginative of titles, but it is an imaginative plan created to build an exciting future for the city. HS2 has the potential to generate £54 billion growth and 300,000 new jobs in the regional economy.

The key to unlocking this potential is creating the infrastructure needed to support growth. The HS2 Growth strategy delivers this and starts with the massive regeneration strategy on the River Aire.

The regeneration of the South Bank

The South Bank is undergoing huge regeneration. It will double the size of the city centre, with mixed-use developments that deliver 8,000 new homes. It is one of the largest regeneration projects in Europe, with an investment of billions of pounds. By the time the 253 hectares have been redeveloped, it should have created an extra 35,000 new jobs.

Everyone working together

Leeds City Council has worked hard to get all stakeholders on board. It is a full-scale, collaborative venture, focused on the objectives of delivering new businesses, new jobs, new homes and new communities. Partners include landowners, investors, businesses, educational partners, existing occupiers, government, and developers. A huge joint effort, with huge ambitions.

Delivering green space and waterfront living

Redevelopment of the waterfront is delivering an increasingly popular location sought after by residents and businesses. It’s a place where people now walk, jog and cycle. With a Waterfront Enhancement Fund in place, there is money available to fund further leisure activities.

A new city centre park will be developed at the old Tetley Brewery site – a prime location which will also provide almost 1,000 new homes, combined with office and commercial space in the midst of more than three hectares of public parkland.

New homes and infrastructure

In the last few months, redevelopment has started on several schemes that will enhance the South Bank further and speed up the growth of Leeds city centre. Homes under construction or with planning approved total around 2,500, with developments including Citu’s Climate Innovation District, Legal & General’s Mustard Wharf, and Dandara Living’s Leodis Square scheme. Combined, £210 million is already committed to these investments.

The council is routing financing from several sources to make its ambitious plans become a reality. This includes bidding under the government’s Housing Infrastructure Fund. This will enable investment into new infrastructure to support and deliver improved connectivity to unlock the potential of the city centre, and accelerate growth.

Exciting times ahead

In the next couple of years, the transformation of this area of Leeds will really begin to take shape and become increasingly apparent. Infrastructure projects will enable the South Bank project to accelerate toward the final vision, which includes:

  • £500 million transformations of Leeds train station
  • The delivery of 8,000 new homes
  • A new city park
  • 35,000 new jobs

The agreed Masterplan for the South Bank builds on the development and regeneration that has taken place so far since the South Bank Planning Statement was published in 2011.

Of the Masterplan, the council’s executive member for planning Richard Lewis said, “The shared vision for the South Bank is for it to be a place not only for people to live, learn, work, create and spend time but also for it to be a leading economic driver for Leeds and beyond and a place of global significance for business and investors. This step is an important one to help ensure the vision is realised for the benefit of everyone in Leeds and the wider region.

Exciting times for Leeds are ahead. Massive investment in infrastructure and regeneration. Thousands of jobs created. Thousands of new homes delivered. Plenty of opportunity for profitable property investment.

To find out more and receive an in-depth appraisal of the best property investment opportunities in Leeds, get in touch with Gladfish today.

Live with passion

Brett Alegre-Wood

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