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Scarborough Sees Second Highest House Price Growth In Yorkshire

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Published by Alex Taylor at 1:02pm 8th November 2018. (Updated at 1:10pm 9th November 2018)

Average house prices in Scarborough Borough have grown by 5.5% in the past year, the second highest rate in that time frame in the whole of Yorkshire.

The average price of a home in the borough stands at £165,863, according to Land Registry data. Barnsley topped the average house price growth in Yorkshire, going up by 7.4% between August 2017 and August 2018, with the average price coming in at £125,059.

Ryedale wasn't far behind Scarborough with a growth of 5.3% taking the average price to £230,700, meanwhile the East Riding saw growth of 2.5% taking the average to £178,771.

Nationally, house prices rose by 3.2%, with average cost in the UK standing at £232,797.

Nick Henderson is from Henderson's Estate Agents in Whitby, he said:

"Whitby, Scarborough and Filey have seen tremendous tourism growth over the last 10 or 15 years which just keeps getting more and more positive press. 

So from that point of view, we get a lot more visitors to the area, people come and spend the day or the week and think 'well actually we quite like it here, we'd like to buy a second home.'

Prices obviously vary from town to town and even street to street. Typically we're just based in Whitby but we do see a big difference in different areas. 

Probably about five years ago, the Fishburn Park area of Whitby, no one really ever bought second homes there, whereas now people are and they're great first homes as well."

Listen to more of what Nick had to say here:

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