Leeds

As of 2025, Leeds has a dynamic housing market with 365,399 dwellings. The average house price in Leeds reached £249,000 (€291,000) in November 2024, a 6.3% increase from the previous year. The city's housing tenure is divided among 57.0% owner-occupiers, 22.0% private renters, and 21.0% in affordable housing.

The average monthly private rent in Leeds was £1,097 (€1,282) in December 2024, a 3.0% rise from 2023. Specific figures for price per square meter are not available, but the average prices for different property types provide insight into the market: detached homes average £446,000 (€521,000), while flats average £165,000 (€193,000).

Social housing plays a significant role in Leeds, with approximately 54,000 council-owned dwellings. The city is actively working to provide affordable housing, with the Leeds Housing Strategy (2022-2027) focusing on addressing housing inequalities and meeting the city's housing needs.

Leeds Community Homes, a community benefit society, is contributing to the affordable housing sector by purchasing properties in environmentally friendly developments and offering a mix of rental and shared ownership options. This initiative demonstrates the growing importance of cooperative and community-led housing in addressing affordability issues in the city.

Leeds has emerged as a hub for cooperative and community-led housing initiatives in the UK. The city has seen a growing interest in alternative housing models that prioritize affordability, sustainability, and community engagement.

Leeds Community Homes (LCH) plays a significant role in promoting and supporting cooperative housing projects. As the official Community Led Housing Enabler for West and South Yorkshire, LCH provides expertise and assistance to groups interested in creating community-led housing. They have ambitious plans to help build 1,000 sustainable homes by 2028.

The city council supports these initiatives through its housing strategy, which recognizes the importance of partnership work and community involvement in meeting housing needs. The council has committed to building 1,500 new council houses by 2025 and works with various stakeholders to deliver affordable housing.

Notable cooperative housing projects in Leeds include:

1. Lilac (Low Impact Living Affordable Community): A pioneering eco-village in Kirkstall with 20 properties housing 35 adults and 13 children.

2. ChaCo (Chapeltown Cohousing): A multigenerational cohousing project in Chapeltown.

3. Shangrileeds: An emerging cohousing group aiming to develop 10-20 homes within 4 miles of Leeds city center.

These projects demonstrate Leeds' commitment to innovative, community-driven housing solutions that address affordability, sustainability, and social cohesion.

Leeds City Council has set ambitious targets for affordable housing and is actively working to address housing needs in the city. The council aims to deliver 51,952 new homes by 2033, with an annual target of 3,247 homes. Specifically for affordable housing, the goal is to provide 1,230 affordable homes per year, with 60% for social rent and 40% in the intermediate quartile.

To achieve these targets, Leeds has implemented several initiatives:

1. The Leeds Affordable Housing Growth Partnership Action Plan outlines strategies to increase affordable housing supply and promote sustainable communities.

2. The council is building council houses and reviving derelict sites to drive regeneration.

3. Leeds Community Homes, a community land trust, is working to create 1,000 sustainable homes by 2028.

4. The city has partnered with housing associations to deliver affordable housing projects.

5. A new regeneration project, the Leeds Transformational Regeneration Partnership, aims to create 20,000 new homes over 10 years.

6. The council has introduced an interim affordable housing policy to set realistic targets based on economic viability assessments.

7. Leeds is utilizing brownfield sites for sustainable housing development.

These efforts have resulted in Leeds consistently ranking among the top four local authorities in England for housing delivery over the past five years.