, according to new figures. Average house prices in the area rose by 13% in the year to the end of November 2022, according to data from the Halifax bank.
Nottingham properties sold for an average £286,696 over the year, up £32,966 the previous 12 months. York saw the highest property price inflation of any town or city in England and Wales during 2022, growing by 23.1% over the course of the last year.The place with the weakest annual growth in house prices was Leicester. Average prices there over the year were £271,092 .
“Nowhere is that more the case than in the cathedral city of York, which saw the highest property price inflation across England and Wales this year, rising by over a fifth. While existing homeowners will welcome the increased value of their home, such a jump makes it much more challenging for those looking to step on to the property ladder or move into the city.