York property prices have risen 23 percent in 12 months, according to a new survey

Its many charms include Roman walls, the Minster and the medieval shopping streets of the Shambles.

Unsurprisingly, York houses have had the fastest price growth in the UK this year.

Halifax said prices in the historic city rose by almost a quarter, rising 23.1 per cent to £370,639 from £300,991 in 2021.

According to Ben Hudson of York-based real estate agents Hudson Moody, a severe shortage of homes for sale and fast rail links to major cities have resulted in a red-hot property market.

House prices in York have risen 23 percent over the past 12 months, according to a Halifax survey

House prices in York have risen 23 percent over the past 12 months, according to a Halifax survey

House prices in York have risen 23 percent over the past 12 months, according to a Halifax survey

Woking is seeing a 19 percent increase as workers return to the office on a full-time basis and need a home within commute distance

Woking is seeing a 19 percent increase as workers return to the office on a full-time basis and need a home within commute distance

Woking is seeing a 19 percent increase as workers return to the office on a full-time basis and need a home within commute distance

He said: “Hardly any houses have been built lately. The city has a large green belt, the plan of which has not been updated since 1952. At the same time, demand increased.

‘York has excellent rail links, London is under two hours away and Leeds under an hour, whilst offering a beautiful medieval city center with comparatively cheaper housing and excellent schools.’

Surrounded by Roman walls, the city’s attractions include York Minster, historic pubs, the Jorvik Viking Centre, York Dungeon and Betty’s Cafe-Tea Rooms.

Home prices have also skyrocketed in commuter towns as workers return to the office. The South East has seen the most growth, with prices in Woking, Surrey rising by more than £93,000 – or 19 per cent – to £586,925 from £493,299 last year.

Nine London commuter cities in the South East and East were in the top 20 for growth. Overall, the average property value of ten cities rose by more than £50,000, including Chelmsford in Essex, where prices rose 16.8 per cent from £415,996 to £485,770.

Karen Noye, mortgage expert at wealth management firm Quilter, said more people are choosing areas more than an hour’s drive from their office because they know they only have to drive there two or three times a week.

London continues to lag behind other regions with average growth of 7.2 percent.

But the capital remains by far the most expensive area, with a typical property costing £596,667 – more than double the price of a home in Birmingham at £269,385.

Leicester saw the biggest fall of any city in the UK, with house prices falling 3.6 per cent to £271,092.

https://www.soundhealthandlastingwealth.com/uncategorized/york-house-prices-surge-by-23-per-cent-in-12-months-according-to-new-survey/ York property prices have risen 23 percent in 12 months, according to a new survey

Brian Ashcraft

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