Why North Yorkshire’s housing market refuses to wobble
House prices in parts of North Yorkshire have remained broadly unchanged through 2025, despite significant economic and policy pressures, according to new analysis.
The Annual House Price Index, compiled by regional buying agents The Property Partnership Group, indicates that values held firm in the region.
Each year, the company analyses achieved sale prices recorded by the Land Registry to calculate the average price paid per square foot for houses across eight key locations: Thirsk, Ripon, Boroughbridge, Harrogate, Wetherby, Bedale, Leyburn and York. When changes across the eight areas are averaged, prices in January 2026 were almost identical to those recorded a year earlier.
While villages around Thirsk saw values rise by five per cent during 2025, prices in Leyburn and York fell by four per cent. Overall, however, average prices across the region were flat compared with January 2025.
Toby Milbank, director at The Property Partnership, said: “We are always excited to see the results of our analysis every year. 2025 saw some significant challenges and downward pressure on prices were predicted by many pundits.
"It will be a surprise to many that house prices in Yorkshire have not fallen.
"The mansion tax, end of stamp duty relief in March, increases in stamp duty for investors, the buy-to-let exodus, abolition of the non-dom regime, interest rates reducing at a slower rate than expected, as well as the well documented cost of living pressures were all factors that led to a stream of headlines predicting falls.”
The firm says the market’s resilience reflects a release of pent-up demand. Following price falls across much of the region in 2024, many buyers delayed purchases.
As prices stabilised, transaction levels increased gradually through 2025, supported by improving confidence. At the same time, supply remained constrained, meaning well-priced properties continued to attract interest.
Tom Robinson, The Property Partnership, added: “We mainly operate in the middle and upper end of the market, and this has been under most pressure across the country.
"In prime central London, prices have fallen by around 25 per cent over the last 10 years but Yorkshire has avoided this downturn.
"There were reduced numbers of transactions in the build up to the budget, as speculation surrounding the mansion tax mounted. This did lead to some renegotiations at the very top of the market but did not lead to a significant reduction in prices.
“Yorkshire’s distinct character, diverse economic base, central location within the UK, and relatively affordable pricing compared with much of the south of England, continue to underpin our long-term appeal.
"This has helped the market demonstrate consistent resilience over the past 10 years relative to other parts of the UK and 2025 was no different, despite the strong headwinds.
"As for the future, with interest rates creeping down, stock remaining low and high numbers of buyers in the market, we expect prices to increase by three per cent to four per cent during 2026.”
The Property Partnership Group House Price Index is the only research specific to these eight areas of North Yorkshire. The index pinpoints how specific locations are performing using the average pounds per ‘gross internal’ square foot that a house sells for.