12 August 2019
YORK'S house prices have once again bucked the national trend - posting a 4% year-on-year increase, according to new research.
This compares to a UK house price growth rate of 1.2% in the same period, underlining the fact that the York property market is not just healthy - but also robust in the face of Brexit and other economic challenges.
In fact, its average house price has soared by 28% in just five years, making it one of the best-performing areas in the country.
In the past 12 months, there have been 3,979 sales - that's almost 11 every day - with the average price increasing to £255,155.
According to our York Valuation Manager, Stuart Robinson, one-quarter of all sales were detached homes, with larger family homes being particularly sought-after.
He revealed that average price of a detached home in York now stands at £364,154 - higher than both the Yorkshire and Humber average (£275,132) and the England and Wales average (£349,359).
He singled out these two detached York properties, newly-launched to market through our branch in Low Ousegate, as good examples of what is currently in demand: