BTR is popping up all over Leeds, including Glenbrook's Whitehall Riverside development. Credit: via Town Centre Securities

Big Six resi data highlights Leeds trends

5 March 2025 14:43 Sally Gibson Comments (0)

One-bedroom, new-build apartments in the city have had an average rent increase of 30% over the last five years, although rental prices of two- and three-beds remained flat.

Data from JLL focuses on city centre apartments and shows rent for one-bed properties has grown by 5.3% annually over the five year period.

Prices for all flats during this time grew by 21.6%.

The data comes from the property advisor’s Big Six residential report, which covers development activity, prices, and rents across Manchester, Birmingham, Leeds, Bristol, Edinburgh, and Glasgow.

Tom McWilliams, head of Yorkshire and North East at JLL, commented: “Following consistent growth, the Leeds residential market is processing the dual challenges of rising mortgage rates and record rents, which is impacting the budgets of buyers and tenants.

“Despite these dynamics Leeds remains one of the best places in the UK to live, work and study. That will continue to attract investors and provides a more upbeat mood music for those in property.”

Marcus Dixon, director of UK residential research at JLL, said: “Sustained demand for city centre living has supported growth in prices and rents for new homes in most markets across the Big Six.

“The UK’s housing market continues to show resilience, that, along with the outlook for 2025 and beyond, should give investors and developers optimism.”