Discover the latest house prices in Yorkshire, showing trends and changes in each area for easy understanding
York: The latest figures show house prices in Yorkshire. In November, the average home cost £214,636. That’s a 0.8% rise from October.
Doncaster led the way with a 6.7% annual growth. Meanwhile, Barnsley saw a modest increase of just 1.9%. It’s interesting to see these differences.
Nationally, house prices dipped slightly in November. But over the year, they’ve gone up by 3.3%. Inflation also dropped to 2.5% in December.
Let’s break down the average prices for each area. Kirklees had an average price of £207,455, with a 0.5% increase from October.
Calderdale’s average was £197,038, up by 0.7%. Leeds, on the other hand, had a higher average of £248,968, with a 0.3% increase.
Bradford’s average was £188,046, showing a 0.2% rise. Sheffield’s average was £223,607, but it actually saw a slight decrease of 0.3%.
Rotherham’s average price was £196,988, up by 1.7%. Barnsley’s average was £171,191, but it dropped by 0.7% from October.
Doncaster’s average was £177,995, with a 1.4% increase. North Yorkshire had an average of £276,837, showing a small rise.
York’s average price was £317,137, but it decreased by 0.9%. Hull’s average was £144,918, with a 0.4% increase.
Experts are watching these trends closely. David Hollingworth from L&C Mortgages mentioned the dip in inflation is good news for borrowers.
He noted that while rates might still rise, the fall in inflation could lead to a base rate cut in February. It’s a bit of a mixed bag right now.
Borrowers should keep an eye on their mortgage rates. It’s wise to secure a new rate ahead of time to avoid any surprises.
Stay updated on all the latest news in Yorkshire by signing up for our newsletter!
