The cost of buying a home in every Yorkshire city, town and area has been revealed.
According to the latest figures from the Office for National Statistics, house prices in November increased by 0.8 per cent in Yorkshire and the Humber compared to October. On average, a home in Yorkshire cost £214,636 in November.
Doncaster was the local authority area of the county which saw the highest annual growth, where property prices rose on average by 6.7 per cent. On the opposite end of the spectrum, properties in Barnsley appreciated by just 1.9 per cent in value.
Nationally, average house prices in November saw a slight decrease compared to the previous month, but have risen by 3.3 per cent during the past year. Separate data from the ONS indicates that the Consumer Prices Index (CPI) inflation dropped to 2.5 per cent in December, down from 2.6 per cent in November.
Here are the average house prices in November for every local authority area in Yorkshire.
Kirklees
An aerial view in Kirklees
(Image: Kirklees Council)
- Average price for November: £207,455
- Comparison to October: 0.5% increase
- Longer trend over past year: 6% growth
- The price increase in past year: £12,000
- Annual growth rate ranking: 8/15
Calderdale
- Average price for November: £197,038
- Comparison to October: 0.7% increase
- Longer trend over past year: 6.4% growth
- The price increase in past year: £12,000
- Annual growth rate ranking: 5/15
Leeds
Heavy snow is forecast for Leeds.
- Average price for November: £248,968
- Comparison to October: 0.3% increase
- Longer trend over past year: 6.3% growth
- The price increase in past year: £15,000
- Annual growth rate ranking: 7/15
Bradford
- Average price for November: £188,046
- Comparison to October: 0.2% increase
- Longer trend over past year: 6.4% growth
- The price increase in past year: £11,000
- Annual growth rate ranking: 6/15
Sheffield
Aerial drone shot looking over Sheffield City, UK.
- Average price for November: £223,607
- Comparison to October: 0.3% decrease
- Longer trend over past year: 2.1% growth
- The price increase in past year: £4,700
- Annual growth rate ranking: 13/15
Rotherham
- Average price for November: £196,988
- Comparison to October: 1.7% increase
- Longer trend over past year: 0.8%
- The price increase in past year: £13,000
Barnsley
An aerial view of Barnsley, one of the towns where locals took part in a focus group
(Image: Neil Mitchell/Shutterstock)
- Average price for November: £171,191
- Comparison to October: 0.7% decrease
- Longer trend over past year: growth by 1.9%
- The price increase in past year: £3,300
Doncaster
- Average price for November: £177,995
- Comparison to October: 1.4% increase
- Longer trend over past year: £11,000
- The price increase in past year: 6.7% growth
- Annual growth rate ranking: 3/15
North Yorkshire
Scarborough beach
(Image: LD Media UK/Shutterstock)
- Average price for November: £276,837
- Comparison to October: 0.1% increase
- Longer trend over past year: 3.9% growth
- The price increase in past year: £10,000
- Annual growth rate ranking: 9/15
York
- Average price for November: £317,137
- Comparison to October: 0.9% decrease
- Longer trend over past year: 2.3% growth
- The price increase in past year: £7,000
- Annual growth rate ranking: 12/15
Hull
Aerial views from HU1 Essex House on Manor Street, Hull
(Image: Sarah Washbourn)
- Average price for November: £144,918
- Comparison to October: 0.4% increase
- Longer trend over past year: 6.6% growth
- The price increase in past year: £8,900
- Annual growth rate ranking: 4/15
East Yorkshire
- Average price for November: £225,453
- Comparison to October: 1.6% decrease
- Longer trend over past year: 2.5% growth
- The price increase in past year: £5,400
- Annual growth rate ranking: 11/15
What the experts say
David Hollingworth, associate director at L&C Mortgages, said: “The surprise dip in inflation is some positive news for borrowers who will have been unsettled by the recent unrest in the gilt markets and what it may mean for mortgage rates.
“Although there may still be increases to come in the months ahead, the fall in inflation will firm up the hopes that the Bank of England will cut the base rate in February.”
Mr Hollingworth commented that the market is uncertain whether the Bank of England will reduce rates as significantly and swiftly as was previously anticipated. He noted that this uncertainty has “seen fixed rates edging higher before the end of the year, something that’s continued into the new year.”
“This will have added an unwelcome dollop of uncertainty for borrowers that had been hoping for continued improvement in mortgage rates,” he said. “The base rate is still expected to fall but the question is whether that drop will now be shallower and more gradual.
“Today’s figures will help to maintain some stability in mortgage rates but those borrowers coming to the end of their current deal are still likely to want to secure a new rate a few months ahead of time.
“That will allow them to dodge any further increases if fixed rates continue to rise but still gives them room to review if things take a turn for the better.”
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