Last week, the Yorkshire Post revealed the results of a 10 year study with Savills into house prices, tracking which areas in the region had shown the biggest growth over the last decade.
It came as no surprise that York topped the list, showing growth of more than 25% in the city’s house prices since 2005. Harrogate came in second, and also took the honour of being the most expensive place to buy on the list, with an average house price of more than £291,000.
Perhaps more surprisingly, Hull came in third with a house price increase of almost 19% over the same time period. Sheffield was fourth and Craven (including Skipton and the surrounding area) fifth. Poor Doncaster was at the opposite end of the table, with prices actually falling 0.3% in the last 10 years. But it isn’t all bad news for the South Yorkshire town as prices have climbed 4.5% in the last year, perhaps showing a recovery is on its way.
Looking at price increases in the last year specifically, ever-popular York once again tops the league, attracting buyers from across the country. One in 10 buyers in York say London is their main place of work, according to Savills – showing it’s still considered very much a commutable location.
Leeds is second on the annual growth list, with an increase of 6% year on year. Ryedale, including Helmsley, Pickering and Malton, came third. Scarborough fared the worst, however with just a 1.4% increase. But at least it’s still an increase!
Overall it seems everything is looking promising in the county of the White Rose – with an estimated 14.2% increase in the average property price over the next five years, according to the report. That’s a higher prediction than the North East or North West, so it’s good news for Yorkshire homeowners!