House prices rise across the East Riding
The boost contributes to the longer-term trend, which has seen property prices in the area achieve 2.7% annual growth.
The average house price across East Yorkshire in March was £181,382, Land Registry figures show – a 0.2% increase on February.
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Hide AdOver the month, the picture was better than that across Yorkshire and The Humber where prices decreased 3.6%, and the East Riding outperformed the 0.2% drop for the UK as a whole.
Over the last year, the average sale price of property in the East Riding rose by £4,700 – putting the area eighth among Yorkshire and The Humber’s 21 local authorities for annual growth.
The best annual growth in the region was in Richmondshire, where properties increased on average by 12.3%, to £234,000.
At the other end of the scale, properties in Ryedale dropped 4.5% in value, giving an average price of £229,000.
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Hide AdOwners of detached houses saw the biggest improvement in property prices in the East Riding in March – they increased 0.5%, to £265,704 on average.
Over the last year, prices rose by 2.6%.
Among other types of property:
Semi-detached: up 0.3% monthly; up 3.1% annually; £168,594 average
Terraced: down 0.1% monthly; up 2.8% annually; £134,817 average
Flats: down 0.5% monthly; up 0.3% annually; £96,489 average
First-time buyers in the East Riding of Yorkshire spent an average of £149,700 on their property – £3,700 more than a year ago