And anyone wanting to buy a new home is under particular pressure as the Bank of England continues to hike the base rate, forcing up the price of mortgages.
But for the lucky few who can afford to splash out on a new property, certain areas of Scarborough and Whitby could have what they are looking for - from spacious rooms to the latest mod cons.
So which areas of Scarborough and Whitby have the most expensive house prices? Every three months, the Office for National Statistics releases highly localised figures showing how average sale prices vary across the suburbs, towns and villages of England and Wales.
The latest figures, covering the calendar year 2022, show Knightsbridge, Belgravia & Hyde Park in the London borough of Westminster had the priciest properties in England and Wales, with homes selling for an astonishing £4.1 million on average. This was nearly double the price of the second most expensive area, Kensington Abingdon in the London borough of Kensington and Chelsea, where homes sold for £2.25 million on average.
The latest set of figures also pinpoint the parts of Scarborough and Whitby which had the priciest homes, on average, in 2022.
The figures are the median price, and encompass all home types and sizes.
5. Whitby West
In Whitby West, homes sold for an average of £236,000 in 2022. Photo: Tony Johnson
6. Whitby South and East
In Whitby South and East, homes sold for an average of £230,000 in 2022. Photo: Tony Johnson
7. Wheatcroft and Cayton
In Wheatcroft and Cayton, homes sold for an average of £203,500 in 2022. Photo: Richard Ponter
8. Filey and Hunmnaby
In Filey and Hunmanby, homes sold for an average of £198,000 in 2022. Photo: Richard Ponter