Your house in Yorkshire is worth £2,000 less since we voted to leave Europe

THE YORKSHIRE region has witnessed some of the sharpest declines in property prices nationally as house sellers shaved an average of more than £2,600 off their asking prices in July.
Asking prices have fallen since the referendumAsking prices have fallen since the referendum
Asking prices have fallen since the referendum

A study by the property website, Rightmove, which is published today, has shown that the price of homes coming to market across England and Wales fell by 0.9 per cent – or £2,647 – in July.

The fall took the average price tag on a home to £307,824 – a figure which is still up by 4.5 per cent annually – and the website said a holiday slowdown is not unusual for this time of year.

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Rightmove said that in the two weeks following the referendum vote, enquiries from buyers to estate agents were down by 16 per cent compared with the same period in 2015.

The report showed Wales and Yorkshire and the Humber saw the sharpest month-on-month decreases in asking prices, with falls of 2.3 per cent and 2.1 per cent respectively. The average asking price in Wales is £180,861, while in Yorkshire and the Humber it is £174,614.

The East Midlands and the South-West of England saw the smallest month-on-month price falls, at 0.2 per cent and 0.4 per cent respectively. The average asking price in the East Midlands is £197,705 and in the South-West of England it is £300,904.

In London, asking prices fell by 1.2 per cent month-on-month, taking the average price of a property there to £635,710.

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Rightmove said that in the two weeks following the referendum vote, inquiries from buyers to estate agents were down by 16 per cent compared with the same period in 2015. But it said that last year’s figures were boosted by the surprise General Election result, and buyer inquiry levels are consistent with the same period in 2014, which is a more comparable benchmark.