The Property Partnership Group's 2025 Yorkshire Housing Market Report
According to the Annual House Price Index, compiled by the region’s leading property buying agents, The Property Partnership Group, Yorkshire house prices have remained firm throughout 2025.
As many regular readers will know, we analyse actual sale prices, as recorded on Land Registry, to calculate the average price paid per square foot for houses, across eight key areas in North Yorkshire; Thirsk, Ripon, Boroughbridge, Harrogate, Wetherby, Bedale, Leyburn and York.
Having averaged the changes within these regions, prices have remained almost exactly level. The Thirsk villages have risen by 5% and Leyburn and York have fallen by 4%, but on average, prices are currently the same as they were in January 2025.
Toby Milbank comments,
“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 may 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.”
Why has Yorkshire remained so resilient?
2024 saw price falls across much of the region and many buyers kept their money safely invested elsewhere. When it was clear that prices were stabilising, the pent-up demand was released and transaction levels gently increased in 2025, as did confidence levels. Supply remained tight throughout last year so those that did come to the market, especially those priced sensibly, sold well.
Tom Robinson adds,
“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% 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 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 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, it is too early to tell if the Iranian conflict will have an impact on prices in Yorkshire although any rises in interest rates will certainly reduce buyer confidence. If the conflict is short lived and if interest rates creep down, with stock remaining low we expect prices to increase by 3% to 4% during 2026.”
The Property Partnership Group House Price Index is the only research specific to these eight areas of North Yorkshire. Tracking actual prices paid, rather than guide prices or advertised prices, it is a very accurate barometer of local markets.
The index pinpoints how specific locations are performing using the average pounds per ‘gross internal’ square foot that a house sells for, which is much more insightful than the more general nationwide house price indices.
Originally founded in 2010, The Property Partnership Group brings together an experienced team of professionals covering the residential, commercial, property investment and rural consultancy sectors.
Toby Milbank and Tom Robinson run the Property Search Department of The Property Partnership Group. They are buying agents, also known as property finders, specialising in the search and acquisition of country houses, townhouses, sporting estates, farms, forestry and investment property across Yorkshire and the North for retained private clients.
