Average house prices in Leeds have increased above the national average in the 12 months leading up to April 2023, but there are some signs the price rises may be decreasing.
Across the UK, house prices increased by 3.5% in the year leading up to April 2023, making for an average increase of £9,000. However, this is lower than the peak in September 2022, and the price increase is now £7,000 lower.
This is also down from 4.1% nationally in March 2023, showing the price increases are slowing down. The average UK house price in April stood at £286,000.