How have house prices changed in the UK?

Over the last few years, house prices in the UK have risen considerably, and the market has continued to change and be affected by the Covid-19 pandemic and the stamp duty holiday. 

The Land Registry’s UK House Price Index indicates what’s happening to house prices in the UK and is based on actual property sales. Figures for February 2023 reveal that the average price of a UK property has increased by £16,000 since February 2022, or 5.5% year-on-year. 

However, despite the annual increase, house price figures are decreasing month-on-month including by 1% in February and 1.1% in January 2023. 

Average House Prices in York 2023

A historic, walled city in the North East of England, York is a fascinating place that’s rich in heritage and culture and a popular place to live and work. 

Over the last year, the overall average price of a property in York was £335,983, according to Rightmove Property Portal. Most property sales in York during the last year were semi-detached properties, with an average house price of £322,610. Terraced properties in York sell for an average price of £325,346; flats in York fetch an average price of £234,776.  

Furthermore, sold prices in York have increased by 8% on the previous year and are up 15% on the 2020 house price peak of £291,689. 

Should I move to York?

As 2023 continues, the demand from buyers has fallen, causing the property market to slow down. In March, Propertymark reported that 75% of properties were sold below their original asking prices.  

The cost of living crisis and high mortgage rates will also affect the number of properties sold in 2023, as will competitive mortgage rates. 

However, if you’re planning to move to York, it may be the perfect move for you! York is a lively city surrounded by glorious countryside and is home to families, students, young professionals, and retired residents. 

Check out these 5 things to know before moving to York to discover more about the area. 

How can SureStore York help you move home?

Moving home to Yorkshire is easy with SureStore! Our modern York storage facility offers a wide range of home storage units, from 10sqft to over 200sqft, and is perfect for storing furniture, household goods, and other possessions. 

If you’re moving to York, SureStore York can help keep your belongings clean, dry, and protected. Choose the right-sized storage unit and store anything from a couple of boxes to the entire contents of a five-bedroom family home, including the shed! You’ll also benefit from a state-of-the-art security system boasting hi-tech intruder alarms, 24-hour CCTV, a secure remote access procedure, and Noke locks. 

We also offer drive-up storage in York, which is ideal for home self-storage customers who require regular, easy access to their stored possessions.

Call our self-storage team on 01904 942090 to discover how SureStore York can help you move home.