Yorkshire and the Humber covers West Yorkshire, South Yorkshire, East Riding of Yorkshire including Hull, the shire county of North Yorkshire and the City of York, North Lincolnshire and North East Lincolnshire.It is the fifth largest region in the UK, covering an area of 15,420 km2, with a population of 5.28 million according to the 2011 OCSI census.
Office of National Statistics figures show the population as being 5.36 million in 2014 with a projected increase of 4.6% to around 5.6 million by 2024. This compared to a projected increase of 7.5% across England and 13.7% in London. Only the North East and North West were projected to grow at a slower rate, and Yorkshire and the Humber is already one the least populous regions in England.
This region is loved by Yorkshire folk and visitors alike and “God’s own country”, as its inhabitants like to call it, is where some of the most beautiful countryside can be found. From the North Yorkshire Moors to the Yorkshire Dales, and its rugged coastline to the East, Yorkshire is rich in nature. There are seven cities in the region which are Bradford, Kingston upon Hull, Leeds, Ripon, Sheffield, Wakefield and York, while its large towns comprise Barnsley, Doncaster, Grimsby, Halifax, Huddersfield and Scunthorpe.
Yorkshire was traditionally known for its mining communities, textile industry in Bradford, fishing on the East coast, and steel manufacturing in Sheffield. The region has had to change significantly as these industries have become much smaller or disappeared but new industries have risen up. Leeds is now the largest financial centre in the UK, and Yorkshire boasts of having more PLCs than any other region other than the South East. Yorkshire and the Humber has more than its fair share of marketing companies, digital technology firms and still has a sizeable engineering and manufacturing community.
The region’s employment rate is currently 72.9% according to January 2017 ONS statistics and has fallen slightly by 0.4% across a 6 month period. However as there has been no increase in unemployment in the region these figures may reflect the shift towards self-employment that the UK economy has experienced in recent years.
Most property sales in Yorkshire and the Humber in 2016 were for semi-detached properties and these sold for an average £162,285. Detached properties were selling for an average £288,763 while terraced properties were fetching an average £132,769.
The overall average price for the region was £180,009, which is roughly similar to sale prices in the North West but more expensive than the North East. Houses for sale in North Yorkshire, including the picturesque town of Harrogate, saw the priciest sales with an average sale value of £224,426. The cheapest properties were sold in South Yorkshire with an average price of £155,961.
House prices in 2016 had shown an increase of 3% to the prices of 2015 and an 8% rise compared to 2014 when the average house price was £166,189.
Yorkshire and the Humber affords lots of opportunity for those wanting to buy-to-let, and is a remarkable place to live and work. If you are interested in talking to one of our highly trained Estate Agents either about buying, selling or letting out your property, you can Find Your Nearest Branch easily on this site.
You can find out how much your property is currently worth by booking a valuation online however if it is just an immediate estimate you want, try our Instant Free Valuation Report and we will email you some quick facts and figures.