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News Release

Leeds

New loans worth £1bn to unlock housing development announced in today's Autum Statement

Guy Ackernley in JLL's Leeds office welcomes news


Leeds, 5 December 2013 - Guy Ackernley, head of  Residential in Jones Lang LaSalle’s Leeds office welcomes the Chancellor’s announcement that the government will make new loans worth £1bn available to help unblock larger housing developments on sites including Leeds and Manchester.

Guy said: “Government initiatives have helped deliver a stronger fillip to the Northern England housing market than would otherwise have occurred and I welcome news that the Chancellor has acknowledged it needs to do more to encourage development and unblock housing sites in vibrant centres such as Leeds and Manchester. 

 
“Leeds city centre has been starved of new build residential activity over the past five years and a lack of stock continues to be an issue for would-be buyers.  With two major planning applications submitted in the city centre recently, combined with today’s announcement, we will hopefully see more developers perceive the time is now right to put spades in the ground once again.”