Doncaster sees raise in house prices over past f
New analysis of the latest ONS figures has revealed that average house prices in South Yorkshire have risen more in the past five years than anywhere else in Yorkshire.
The study, by international payment experts RationalFX, compared the average price of a house in February 2016 to February 2021, across more than 400 areas of the UK.
It found that Doncaster has seen an increase from £116,061.16 in February 2016, to £142,296.61 five years later – a jump of 22.6 per cent, the third biggest in the area. The townty also has the lowest average house price in South Yorkshire a title that Barnsley held in February 2016.
It found that the average house price in Barnsley in February 2016 was £108,619.11, and in the most recently available figures for February 2021, it stood at £147,535.74 – an increase of 35.83 per cent.
The second biggest increase in average house price in South Yorkshire belongs to Sheffield, which jumped 32.14 per cent, going from £144,773.34 in February 2016, to £191,303.24 in February this year.
The figures show that Sheffield remains the area with the most expensive average house price in South Yorkshire.
Rotherham, the second most expensive area on the list, had the smallest average house price increase, going up by 20.54 per cent after standing at £124,820.08 in February 2016, and £150,452.60 five years on.
In South Yorkshire as a whole, the average house price has increased by 28.09 per cent, from £127,185.71 to £162,919.36.
That makes it the best performing area in Yorkshire between February 2016 and 2021. It is ahead of East Riding in second place with a 25.94 per cent increase, West Yorkshire in third with a 25.59 per cent rise, and North Yorkshire, which has gone up by 20.54 per cent.
South Yorkshire’s house prices have also outperformed the national average increase, while staying below the national average price by nearly £100,000.
Across the UK, the average house price in February 2016 was £205,555, while the latest figure stands at £250,340 – an increase of 21.78 per cent.
The research was carried out by RationalFX, which is one of Europe’s leading international payment providers, helping businesses and individuals to streamline their bank-to-bank transfers with smart global payment solutions.