York Property Market Update – March 2026

The York property market has entered the spring period in a relatively stable position, with improving levels of activity compared with the end of last year. Buyer enquiries and viewings have increased during the first quarter of 2026, although purchasers remain cautious and focused on value.

Average house prices in York currently sit broadly between £300,000 and £325,000 depending on the type and location of property. While values have softened slightly compared with peak levels seen in 2023, the market has largely stabilised over the past few months. Well presented homes that are priced realistically are continuing to attract strong interest from buyers.

However, global economic events are beginning to influence the housing market. The escalating conflict involving Iran has pushed oil prices higher and increased uncertainty in financial markets. As a result, expectations around interest rate reductions in the United Kingdom have shifted.

The Bank of England is now widely expected to hold interest rates higher for longer than previously anticipated. This has already had an impact on mortgage pricing, with average mortgage rates rising above five percent again as lenders adjust their products.

For buyers this means affordability calculations have become more sensitive to interest rate changes. From an estate agent’s perspective we are already seeing purchasers taking slightly longer to make decisions and negotiating more carefully before committing to a purchase.

Despite these wider economic pressures, the York housing market remains resilient. The city continues to benefit from strong demand due to its employment opportunities, excellent schools and quality of life. York also attracts a significant number of buyers relocating from larger cities, as well as those seeking homes in the surrounding villages.

The rental market across York also remains extremely strong, with demand continuing to outstrip supply and rents increasing over the past year.

Overall, the York market remains active and stable. While global events and interest rate movements may influence buyer confidence in the coming months, correctly priced homes in desirable locations continue to sell well. As always, realistic pricing and professional marketing remain key to achieving a successful sale in the current market.