Scarborough house prices increased in January, new figures show

House prices increased in Scarborough in January, new figures show.

By The Newsroom
Thursday, 2nd April 2020, 5:29 pm
The average Scarborough house price in January was £171,201. Photo: PA Images
The average Scarborough house price in January was £171,201. Photo: PA Images

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 3.7% annual growth.

The average Scarborough house price in January was £171,201, Land Registry figures show – a 1.4% increase on December.

Over the month, the picture was better than that across Yorkshire and The Humber, where prices decreased 0.9%, and Scarborough outperformed the 1.1% drop for the UK as a whole.

Sign up to our daily The Scarborough News Today newsletter

Over the last year, the average sale price of property in Scarborough rose by £6,100 – putting the area eighth among Yorkshire and The Humber’s 21 local authorities for annual growth.

Winners and losers

Owners of terraced houses saw the biggest improvement in property prices in Scarborough in January – they increased 1.8%, to £145,853 on average.

Over the last year, prices rose by 4.5%.

Among other types of property:

Detached: up 1% monthly; up 3.2% annually; £263,184 average

Semi-detached: up 1.7% monthly; up 5% annually; £180,374 average

Flats: up 0.8% monthly; up 1.2% annually; £116,126 average

First-time buyers in Scarborough spent an average of £147,100 on their property – ​£5,100 more than a year ago, ​and £21,900 more than in January 2015.

By comparison, former owner-occupiers paid £​188,700 on average in January – 28.3% more than first-time buyers.

A message from the Editor:

Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.

In order for us to continue to provide high quality and trusted local news on this free-to-read site, I am asking you to also please purchase a copy of our newspaper.

Our journalists are highly trained and our content is independently regulated by IPSO to some of the most rigorous standards in the world. But being your eyes and ears comes at a price.

So we need your support more than ever to buy our newspapers during this crisis.

With the coronavirus lockdown having a major impact on many of our local valued advertisers - and consequently the advertising that we receive - we are more reliant than ever on you helping us to provide you with news and information by buying a copy of our newspaper.

Thank you