BTR blooms in key Yorkshire cities

Globe Road scheme, Leeds

Developers say demand supports wave of Leeds and Sheffield schemes.

According to statistics from JLL, 29 sites capable of delivering more than 10,000 apartments have been identified in Leeds alone – more than double the existing number of apartments in the city. The bulk of these schemes are BTR developments.

Some may not come to fruition due to funding and viability challenges, but it seems to be full speed ahead for the BTR market in Leeds and also in Sheffield.

Given the high number of professionals based in these key Yorkshire cities, why has it seemingly taken so long for BTR to gain traction? And what are the main challenges the sector may face in the next few years?

In common with many regional markets, residential activity slumped in many Yorkshire towns and cities immediately following the 2007 crash.

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