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18 August 2025

York Housing Market Update – Summer 2025

York Housing Market Update – Summer 2025

York Housing Market Update – Summer 2025
 

Following the recent Bank of England interest rate cut earlier this month, we are beginning to see renewed confidence across the York housing market. While modest, this reduction marks an important shift in monetary policy and has had a noticeable psychological impact on buyers, particularly those who had paused plans due to affordability concerns.

This move signals the start of a gradual easing in borrowing costs and is helping to stabilise sentiment across the market.

Interest Rate Cut and Market Sentiment

The recent base rate reduction has:

  • Stabilised mortgage pricing, particularly on 2- and 5-year fixed rate products

  • Re-engaged first-time buyers and discretionary movers who had held back earlier in the year

  • Provided a boost in buyer confidence, especially in the sub-£400,000 price bracket

While we are not yet seeing this translate into price growth, transactional momentum is building across key segments of the market.

Current Market Conditions in York

  • The average property price in York is holding steady at approximately £333,000, which remains above both the regional and national averages

  • Demand remains strong for mid-market family homes, particularly terraced and semi-detached properties between £300,000 and £450,000

  • The upper end of the market, particularly properties over £500,000, is slower, with buyers taking a more cautious, price-sensitive approach

  • Central and well-connected areas such as Fulford, Bishopthorpe Road, Clifton and Heworth continue to perform well, supported by strong schooling and commuter access

Supply and Buyer Behaviour

  • The market has seen a gradual increase in available stock, giving buyers more choice and creating a more balanced sales environment

  • Sensibly priced, well-presented properties are still generating strong interest, while overvalued homes are taking longer to sell

  • Average time on market has lengthened slightly in recent months, reflecting increased buyer selectivity

Local Market Observations

  • There is growing interest from buyers relocating from the South, particularly London, who are drawn to York for its quality of life, access to green space and improved work-from-home flexibility

  • Buy-to-let investors remain present, albeit more selective, focusing on long-term capital stability and locations with robust rental demand

Outlook for Late Summer and Early Autumn 2025

  • The recent rate cut may prove to be the start of a series of small reductions into 2026, which will likely support affordability and sustain moderate market activity

  • Modest price growth is expected to return in York over the coming months, likely in the region of 1 to 2 percent on an annual basis

  • Vendors should remain realistic in their pricing strategies to secure motivated buyers within a reasonable timeframe

Final Thoughts

York continues to demonstrate remarkable resilience compared to many UK cities, underpinned by its heritage, high-quality schools, excellent rail connectivity and strong local economy.

If you are considering a move this summer, or would simply like a professional opinion on your home’s current market value, we would be delighted to assist.