East Riding house prices increased slightly in October
House prices increased slightly by 0.7% in the East Riding in October, new figures show.
The boost contributes to the longer-term trend, which has seen property prices in the area achieve 2.6% annual growth.
The average East Riding house price in October was £186,316, Land Registry figures show – a 0.7% increase on September.
Over the month, the picture was less good than that across Yorkshire and The Humber, where prices increased 2.4%.
Over the last year, the average sale price of property in the East Riding rose by £4,700 – putting the area 20th among Yorkshire and The Humber’s 24 local authorities for annual growth.
The best annual growth in the region was in North East Lincolnshire, where property prices increased on average by 9.8%, to £134,000. At the other end of the scale, properties in Harrogate gained 1.7% in value, giving an average price of £297,000.
Winners and Losers
Owners of detached houses saw the biggest improvement in property prices in the East Riding in October – they increased 1%, to £273,715 on average. Over the last year, prices rose by 3.3%.
Among other types of property: Semi-detached: up 0.7% monthly; up 2.9% annually; £173,177 average; terraced: up 0.6% monthly; up 2.1% annually; £138,897 average; flats: down 0.3% monthly; down 2.2% annually; £96,197 average
First steps on the property ladder
First-time buyers in the East Riding spent an average of £153,400 on their property – £3,200 more than a year ago, and £21,400 more than in September 2015.