THE most recent House Price Index figures show that the average price of a property in York has increased by two per cent in the year to May, which exceeds the UK average of 1.2 per cent.

York estate agency Hudson Moody said the confidence in the York property market from within the industry has remained, despite the ongoing Brexit uncertainty, with many house builders and developers continuing to invest in the city.

It said London-based Palace Capital launched Hudson Quarter, a new mixed used development, in the city in June and local developers such as Northminster show no signs of slowing down. Northminster’s next regeneration project, St Joseph’s Convent, is set to be released in the coming weeks, the agency added.

Ben Hudson, director at Hudson Moody, said: “York continues to be a hugely desirable place to live and therefore the market here is relatively resilient. Brexit has undoubtedly had some effect on the market, however we’re finding that most people have come to the conclusion that they need to get on with their lives regardless of the outcome of Brexit.”