York property prices rise above above the UK national average

PUBLISHED: 20:36 18 July 2017 | UPDATED: 20:36 18 July 2017

The Residence is a new development at the former Terry's factory in York Photo: PJ Livesey

The Residence is a new development at the former Terry's factory in York Photo: PJ Livesey

Archant

Yorkshire property market remains stable despite uncertain twelve months.

The Yorkshire property market is as healthy as ever with house price increases reported for all the counties from July 2016 to May 2017 according to figures released by the Land Registry.

As of May 2017, the average house price in the United Kingdom is £220,713 while the figure for properties within the Yorkshire and Humber region is £155,268.

The national average is skewed by the eye watering prices in London and the South East. but the property prices in the City of York are actually above the national average at £246,109, (rising by over £13,000 in a nine month period).

In South Yorkshire house prices have remained largely flat throughout the past year, with the average house price remaining at the £131,000 - £132,000 mark.

West Yorkshire was the most active county in Yorkshire during the past year. Over 40% of all properties sold within Yorkshire and the Humber region were sold within the boundaries of West Yorkshire. The City of Leeds in particular demonstrated why it’s one of the most desirable locations to live and work in the country which has boosted the local property market.

While Hull is celebrating its tenure as the UK City of Culture in 2017, the local property market has recovered from a small dip in prices at the turn of the year, to see a return to steady price increases but a dip in sales volumes.

Find out more facts and figures from the Land Registry report here.

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