PROPERTY prices in many Yorkshire locations remain well below the national average.
That’s especially true in Yorkshire, where Yorkshire Building Society is highlighting affordability in celebration of Yorkshire Day, which takes place on Saturday, August 1.
According to the Office of National Statistics (ONS), the average house price in England stands at around £270,000.
In Hull, the average is just £133,000.
Properties in Redcar and Cleveland average £155,000, while Barnsley stands at £173,000 and Bradford at £187,000.
Even in larger economic centres, homes remain more affordable.
The average house price is £197,000 in Wakefield, £221,000 in Sheffield, and £247,000 in Leeds.
Tom Simpson, managing director of homes at Yorkshire Building Society, said: "Yorkshire has always had a lot to offer, from thriving cities and market towns to stunning countryside and strong local communities.
"But one of the region's greatest strengths remains the value it offers homebuyers.
"This Yorkshire Day, it's worth celebrating the fact that Yorkshire continues to be one of the most affordable places to buy a home in Britain."
Affordability stands in stark contrast to other parts of the country.
In Reading, the average house price is £351,000.
Buyers in Bristol face a similar figure at £355,000, while those looking in London can expect to pay an average of £806,000 in Camden and £361,000 even in Barking and Dagenham, the capital’s more affordable areas.
Mr Simpson said: "As a society founded in Yorkshire more than 160 years ago, we're proud of our roots.
"That’s why we’re championing access to homeownership, no matter where our borrowers choose to live.
"The latest example of this is our report No Way Home? Restoring Britain’s Housing Ladder, which will support industry conversations to improve access and reduce barriers to owning a home across different life stages, because, whilst lower property prices like those in Yorkshire help, deposits, affordability and access to a mortgage can still make buying one difficult.
"We want to change this, enabling more people to 'get a place t'call their own'."
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