Leeds is the 2nd largest metropolitan district in England and is the top-ranking English city to live in, according to Money Supermarket’s Quality of UK Living Survey. Leeds, why are so many people moving there? It’s officially the UK’s second largest economy and second largest financial centre after London. With all of this going on, it’s no wonder that large businesses and corporations are choosing to relocate to the city.
About 475,000 people work in the city and 1.9 million work within the Leeds city region, with over 108,00 companies generating in excess of 5% of England’s total economic output. This economy is in front of at least eight other European countries!
Leeds is also home to five universities, with 65,000 students studying heading to the city each year. That means there’s plenty of talent for the big businesses that have made Leeds their home. When it comes to real unemployment, Leeds has one of the lowest levels when compared to 14 other major cities in the UK.
With stats like these, it’s no wonder people are moving to Leeds!
The Knightsbridge of the North
But it’s not only the city’s economy that has people moving. Referred to as the “Knightsbridge of the North,” Leeds has much more to offer anyone who lives and works there. The city has a vibrant nightlife that is normal for a student town. It also offers a wide range of cuisines, including street foods! Leeds was originally a market town in the 13th century; however, today, Leeds has a rich culture that includes a plethora of museums, theatres, and live music events. It’s also home to one of the world’s biggest annual music festivals—the Leeds Festival.
Leeds is located in Yorkshire, which is called “God’s Own Country.” The city is only about 30 minutes from the Yorkshire Dales. The City of York is also nearby and there’s a direct train route, making this a great weekend or day trip.
Where to Move in Leeds?
If you’ve not already moved to Leeds, you need to think about the part of Leeds you’d like to live in. If you prefer a rural area that offers an easy commute to the city centre, you may want to consider Bramhope or Roundhay, a favourite with families and has the second largest city park in Europe!
Another place to consider is Chapel Allerston, which is popular with young professionals and families. It’s often referred to as the Notting Hill of the North.
What About Property Prices in Leeds?
House prices in Leeds are about in the middle in a UK-wide comparison. In Zoopla’s Cities House Price Index 2019, Leeds placed 13th in a ranking of 20 UK cities, with a house-to-price-to-earnings ratio of 5.7.
The house-price-to-earnings ratio shows how affordable housing is in a specific area. The higher the number, the more expensive the area’s properties are (in relation to earnings).
Leeds’s ratio of 5.7 isn’t bad, especially when considering London, Cambridge, and Oxford. The average house price in Leeds is about £229,876. However, the average price for flats is quite a bit lower at £171,519. The average price for a terraced house is about £158,583.
For anyone looking to rent in Leeds, the average cost of rent in the city is about £715 a month, which is quite a bit lower than the national average of £886.
When it comes to a walkable city, Leeds is about as compact and easy to navigate as it gets. However, if you must commute, you’ll be happy to learn that Leeds offers excellent public transport links.
The city offers a network of buses and trains that usually run from 5AM to 11PM, with smaller train stations in the many suburbs. A weekly bus pass is very reasonably priced, as are weekly trains.
The Best Neighbourhoods in Leeds
Here, you’ll find the right housing without any problem! The city offers everything from housing near the city’s centre to more homes in the countryside. Let’s take a look at some of the best neighbourhoods in the city.
This is a peaceful neighbourhood where you can find families and young professionals. It’s located about three miles northeast of the city centre, and is one of the priciest places to live in Leeds. The area is filled with Victorian homes that sit along Roundhay Park, along with modern flats.
Those who live here love the peaceful, rural-type atmosphere, even though they’re not that far from the city’s centre. Roundhay has plenty of bars, restaurants, delis, cafes, and more. So, you won’t lack for anything to do on the weekends.
Roundhay also offers some great primary and secondary schools.
The average property price in Roundhay is £360,351.
Holbeck Urban Village
This area was still a village in the 18th century and it was situated outside of Leeds. Today, it’s within the city proper. Today, the area is a bit deprived, though some parts have gone through significant regeneration.
The new flats here are excellent and Holbeck is filled with tech startups, leisure facilities, bars, pubs, and restaurants along the canal. You’ll also find a few indie breweries near Granary Wharf.
The average property price in Holbeck Urban Village is £245,000.
Chapel Allerton is located about two miles northeast of the city centre. This village-like suburb includes a nice mixture of trendy bars and traditional pubs, boutiques, bookstores, and more. Victorian and modern housing are also found here, along with plenty of green space.
On Harrogate Road, you’ll find a line of independent stores that are popular with locals.
The average home price in Chapel Allerton is £255,622.
Things to Do in Leeds
There’s no shortage of things to do in Leeds, as the city!
In 2017, the Times voted Leeds the number one “best cultural place to live in Britain.” And that is still the case. The city features the Northern Ballet, Opera North, and the West Yorkshire Playhouse. In addition, the two main city plazas, Millennium Square and Victoria Square, you’ll find the Leeds City Museum and Leeds Art Gallery. There’s also the Royal Armouries Museum, which features exciting exhibits that were once kept in the Tower of London.
Leeds is also proud of its film and cinema heritage. This is the place where the first moving pictures of Leeds were taken in 1888 by Louis le Prince.
Summing It Up
After reading all of this, we’re pretty sure you’ve come to the conclusion that Leeds is a great place to live! No wonder so many people are moving to Leeds!
If you are looking to move to Leeds and need assistance with moving all your belongings, feel free to contact us for a free quote.
Frequently Asked Questions
Are there job opportunities for non-locals in Leeds?
Leeds’ diverse job market welcomes professionals from various regions, offering a plethora of opportunities across industries.
What makes Leeds a suitable place for families?
Leeds’ family-friendly environment, quality schools, and ample recreational options make it an ideal city for families.
How does Leeds compare to other UK cities in terms of living costs?
Leeds often stands out as an affordable city, with reasonable living costs compared to other major UK cities.
Is the cultural scene in Leeds limited to specific genres?
No, Leeds’ cultural scene is incredibly diverse, encompassing everything from classical arts to cutting-edge performances.
What outdoor activities can one enjoy in Leeds?
From exploring parks to hiking in the nearby countryside, Leeds offers a variety of outdoor activities for nature enthusiasts.
How is the public transportation system in Leeds?
Leeds boasts an efficient public transportation system, including buses and trains, ensuring easy and convenient travel.