Average house in Sheffield will now set you back over £170,000

New figures from the UK Land Registry revealed that house prices are rising faster in Yorkshire and the Humber than in the south-east.

Wednesday, 19th February 2020, 2:37 pm
Updated Saturday, 29th February 2020, 3:51 pm

In December 2019, the average UK house price reached a record high of £234,742.

All regions saw a positive annual growth rate for the first time since February 2018.

Property prices rose 3.9 percent in Yorkshire and Humber last year, but just 1.2 percent in the South East.

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The average house price in Sheffield now stands at £173,141.

In Barnsley, the average property will set you back £129,599, in Rotherham you’re looking at £141,984, and Doncaster £131,520.

A spokesperson for the Office for National Statistics said: "Over the past three years, there has been a general slowdown in UK house price growth (driven mainly by a slowdown in the South and East of England), but there has been a pickup in annual growth since July 2019."