Fresh research from Online Marketing Surgery and BLG Development Finance has highlighted which parts of the city have actually seen property prices fall over the past year.
Their House Price Change Report looks at the median property values across different Leeds neighbourhoods, comparing data from the year ending September 2023 to the year ending September 2024.
And in one area, prices have dropped by a staggering 28.5 per cent in just 12 months.
Here are the 10 Leeds neighbourhoods that have seen the sharpest drops in house prices over the past year:
1. Colton, Austhorpe & Whitkirk
Property prices in Colton, Austhorpe & Whitkirk decreased by 28.5% on average - from £368,000 to £263,000. | Tony Johnson
2. Holbeck
Property prices in Holbeck decreased by 23.4% on average - from £165,000 to £126,375. | Bruce Rollinson
3. New Farnley & Lower Wortley
Property prices in New Farnley & Lower Wortley decreased by 20.3% on average - from £219,498 to £175,000. | Yorkshire Post Newspapers
4. Hyde Park Corner & Woodhouse Cliff
Property prices in Hyde Park Corner & Woodhouse Cliff decreased by 20.0% on average - from £255,000 to £204,005. | National World
5. East End Park & Richmond Hill
Property prices in East End Park & Richmond Hill decreased by 15.2% on average - from £161,500 to £137,000. | National World
6. Lady Wood & Oakwood
Property prices in Lady Wood & Oakwood decreased by 15.0% on average - from £317,500 to £270,000. | jpimedia