Average house prices in Yorkshire up almost 3% year on year - official data
The typical property value in December 2025 was £208,000.
The average house price increased in Yorkshire increased by 2.97% annually in December last year, according to data from the Office for National Statistics (ONS).
The typical property value in December 2025 was £208,000.
Average house prices increased to £292,000 in December (1.7% annual growth) in England, £215,000 (5.0%) in Wales, and £191,000 (4.9%) in Scotland, with the pace of growth slowing down.
Nathan Emerson, chief executive of property professionals' body Propertymark, said: "A slowing in the annual growth of house prices signals ongoing affordability pressures and cautious buyer sentiment. While modest price adjustments may improve access for some purchasers, reduced activity can dampen overall market confidence.
"Ensuring a supportive lending environment and increasing housing supply will be critical to maintaining stability and encouraging sustainable levels of market activity."
ONS figures released on Wednesday also showed that the rate of Consumer Prices Index (CPI) inflation was 3% in January, slowing from 3.4% in December.
Hina Bhudia, partner, Knight Frank Finance, said: "The combination of softer inflation data this morning and weak jobs figures yesterday raises the likelihood of two rate cuts this year.
"Leading fixed rates have remained steady in the past four weeks and there has been considerable jostling for position in the middle of the market. We think this week's figures will pave the way for fixed rates to ease further in the coming month leading up to the next interest rate decision on March 19.
"Any falls will be incremental, but they will have a meaningful impact on sentiment. Supply is high and buyers have plenty of choice. That, combined with easing mortgage rates, could tee up a busy spring in the housing market."
Nicky Stevenson, managing director at Fine & Country, said: "The fundamentals remain supportive, and while wage growth may be easing, there is improving certainty around borrowing costs.
"These conditions have helped keep buyers engaged, while sellers are increasingly adapting to a market that rewards realistic pricing and strong presentation.
"In the current environment, good homes in the right locations can still attract healthy competition, but over-ambitious asking prices are far more likely to be challenged."
Iain McKenzie, chief execitove of The Guild of Property Professionals, said: "Encouragingly, the wider economic backdrop has become more supportive. Inflation easing to around 3% and intensifying competition among lenders are already pushing mortgage rates down, improving affordability, particularly for buyers with larger deposits.
"With around 1.8 million households due to remortgage in 2026, a downward rate trajectory will be welcome relief and should help sustain market confidence."
The report also said that average UK monthly private rents increased by an estimated 3.5%, to £1,367, in the 12 months to January 2026. The average monthly rent was £46 higher than a year earlier.
ONS head of housing market indices Ian Boreham said: "The rental market continues to cool, with UK rents inflation slowing to its lowest annual rate since March 2022."
The average monthly rent in Yorkshire was £843 in January 2026, up 4.2% (£34) year-on-year.