As we move through spring 2025, Yorkshire’s property market is demonstrating resilience and steady growth, offering both buyers and sellers a landscape of opportunities. Here’s an in-depth look at the current trends shaping the region.
House Prices: Steady Growth Across the Region
Yorkshire and the Humber have emerged as regional leaders in house price growth. As of February 2025, the average property price in the region stood at £232,511, marking a 4.1% increase over the past year. Notably, areas like Harrogate and Leeds have outperformed, with price rises of 6.2% and 6.9% respectively. Wikipedia
In North Yorkshire, semi-detached properties have seen a 4.2% annual increase, while detached homes average £434,000. First-time buyers in the area are paying around £219,000 on average. Office for National Statistics
Rental Market: Moderate Increases Amidst Stability
The rental sector in Yorkshire and the Humber is experiencing moderate growth. As of March 2025, the region recorded the lowest annual rent inflation in England at 4.6%. Office for National Statistics
In North Yorkshire, average monthly rents have risen by 6.7% over the past year, reaching £818. One-bedroom properties average £568 per month, while four-bedroom homes command around £1,322. Office for National Statistics
Market Dynamics: A Balanced Environment
The Yorkshire property market is characterized by a balanced environment, with steady demand and a diverse range of properties available. The average time on market for unsold properties in West Yorkshire has remained relatively stable over the past year, indicating consistent buyer interest. Home.co.uk
Mortgage rates have stabilized in the 4–5% range, contributing to a more predictable market. This stability is encouraging both buyers and sellers to engage confidently in transactions. Fine & Country
Local Spotlight: York and Harrogate
In York, the property market remains robust. The average sale price in Q1 2025 was approximately £368,224, with the £250,000 to £300,000 price band being the most active. Despite a slight year-on-year decrease, the market is expected to maintain its strength throughout the year. hudson-moody.com
Harrogate is also experiencing a strong market, with affordability and high demand driving growth. The area is set to benefit from improved financial conditions and sustained buyer interest. My Rings Estate Agents
Looking Ahead: Optimism for the Future
Experts predict that house prices across Yorkshire and the Humber will increase by 5% in 2025, aligning with the UK average. Over the next five years, the region is expected to see a 28.2% rise in property values, outpacing the national average of 23.4%. Yorkshire Post
With a combination of stable mortgage rates, steady demand, and a balanced market, Yorkshire’s property landscape offers promising prospects for both buyers and sellers.
Considering a Move?
If you’re contemplating buying or selling in Yorkshire, now is an opportune time to explore your options. The current market conditions favour well-informed decisions and strategic planning.
Feel free to reach out for personalised advice and insights tailored to your property goals.
