York most expensive northern city to buy home

YORK is the most expensive city in northern England to buy a home, according to a new report.

The research, by Halifax bank, found the average homes in the city cost £1,830 per square metre.

The report also found Oxford and Cambridge were among the most expensive areas, and house prices in central London cost on average £7,586 per square metre.

Comments(12)

roskoboskovic says...
9:07am Mon 15 Oct 12

why is that no surprise.unless the university suddenly disappears the prices to rent or buy will remain falsely inflated.

PA2Y5C says...
9:35am Mon 15 Oct 12

York is also probably the most beautiful; we could live in a cheaper place but would we want to?

again says...
10:52am Mon 15 Oct 12

roskoboskovic wrote:
why is that no surprise.unless the university suddenly disappears the prices to rent or buy will remain falsely inflated.
They aren't falsely inflated are they? If they were then they wouldn't sell. But they do sell and rather quickly in some places.

Sawday2 says...
11:34am Mon 15 Oct 12

roskoboskovic wrote:
why is that no surprise.unless the university suddenly disappears the prices to rent or buy will remain falsely inflated.
You mean like Manchester, Newcastle, Bristol, Leeds, Bradford, Canterbury, Norwich, Bath, Liverpool, Durham, Hull, Leicester, Nottingham, Birmingham, Warwick...

yorkborn66 says...
3:26pm Mon 15 Oct 12

It’s a shame that siblings cannot afford to live or buy a house in York anymore. Generations of families that have lived in York are been forced out. Totally wrong in my mind. I would like see more affordable housing, the criteria for applicants is at least one person applying born in York.

Sawday2 says...
3:36pm Mon 15 Oct 12

yorkborn66 wrote:
It’s a shame that siblings cannot afford to live or buy a house in York anymore. Generations of families that have lived in York are been forced out. Totally wrong in my mind. I would like see more affordable housing, the criteria for applicants is at least one person applying born in York.
Tell me about it - I've got two twenty-somethings at home. However, I do have to take issue with a couple of points (a) it's not just York that has this problem and (b) 'affordable' is a misused term. If I won the lottery this week many more houses become 'affordable' to me. Perhaps 'basic', 'small' or 'cheap' might be better terminology to use.

yorkborn66 says...
4:27pm Mon 15 Oct 12

Sawday2 wrote:
yorkborn66 wrote:
It’s a shame that siblings cannot afford to live or buy a house in York anymore. Generations of families that have lived in York are been forced out. Totally wrong in my mind. I would like see more affordable housing, the criteria for applicants is at least one person applying born in York.
Tell me about it - I've got two twenty-somethings at home. However, I do have to take issue with a couple of points (a) it's not just York that has this problem and (b) 'affordable' is a misused term. If I won the lottery this week many more houses become 'affordable' to me. Perhaps 'basic', 'small' or 'cheap' might be better terminology to use.
I suppose affordable housing is the fashionable name for council housing. But housing association and part rent part buy as well.
Wages / salaries locally are not in line with inflation, the chance of getting on the mortgage ladder now is minimal, and all I see is housing turned into flats.
Nationally some boffin’s recon the average age now for a couple able to get a mortgage is 35! Whilst rent from GREEDY landlords exceeds what the value of a property would be on a mortgage. Personally 90 percent of work I turn down is from greedy landlords that expect their tenants to live in sub standard conditions, but expect cash in hand sub standard work at the bare minimum.
Work been carried out by foreign workers that is cheap and sub standard whilst claiming benefits as well is more the norm. About time the country woke up, the Conservative Party, are clowns, Nick Clegg needs to go to lost property to collect his spine that has been there for ages.

york_chap says...
6:11pm Mon 15 Oct 12

It is frustrating for a lot of young people/couples out there. Even for a reasonable 1 bed flat, 25% deposit is 30k. How are young people supposed to save up that much whilst paying £7000 a year in rent on a similar place plus tax/student loan repayments/council tax etc.

Fair enough that everyone's always had to save to get a property, but it seems unfair that even a smallish flat now costs at least 6 times a young person's typical gross salary. I suppose we should be thankful we're not in Oxford or Cambridge or especially London, where even small flats are hundreds per week to rent, not even per month.

bob the builder says...
9:27pm Mon 15 Oct 12

Overpriced is not necessarily expensive - new build houses with the identical specification from the same developer on a SW York site, go to Cleveland for the same at nearly 50% less, and 30% less in West Yorkshire. So long as buyers prop up this false market through snobbery, it will only get worse.

Sawday2 says...
10:28pm Mon 15 Oct 12

There is a reason houses are cheaper in Redcar & Cleveland (Cleveland has not existed since1996) and West Yorkshire, just as they are dearer in Harrogate or Holland Park. Nothing to do with snobbery - everything to do with supply and demand. If no-one was buying houses in York prices would come down. Simples.

jgycfc says...
12:49am Tue 16 Oct 12

Dear Gen-X'ers and Baby Boomers passing comment... You may actually be part of the problem. Sadly the only way most of the new lot looking to get a house / deposit may just involve you having to become daisy pushers...!

This is absolutely no shock of a story. Again, it's barely even a story. It's stating the bleeding obvious, void of any further digging, and presenting some stats like the only way York Press know how. grumble grumble investigative journalism grumble grumble.

Shock horror the capital costs more too. Wow. groundbreaking stuff here. Dear un-named journo for this, how's that work experience at the local rag going? Please try harder next time. I'll give you an optimistic D- for your efforts, in case an F causes too much upset and disheartens you, as opposed to make you try harder next time.

Also in other ground-breaking revelations thing are worth what people are prepared to pay for.

Magicman! says...
1:44am Tue 16 Oct 12

^ - hmmm, must be living in one of those big houses in the Usher Park area of Haxby then... completely out of touch.

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