The drop contributes to the longer-term pattern, which has seen property costs within the space undergo a 2.zero% annual decline – the worst in Yorkshire and The Humber.
The common Scarborough home worth in February was £162,300.91, Land Registry figures present – a 2.7% lower on January.
Over the month, the image was worse than that throughout Yorkshire and The Humber, the place costs decreased 1.zero%, and Scarborough underperformed in comparison with the zero.62% drop for the UK as an entire.
During the last 12 months, the typical sale worth of property in Scarborough remained stage – placing the realm backside amongst Yorkshire and The Humber’s 21 native authorities for annual development.
The most effective annual development within the area was in Harrogate, the place properties elevated on common by eight.82%, to £302,000.
House owners of indifferent homes fared worst in Scarborough in February – they dropped 2.eight% in worth, to £249,943.91 on common. During the last 12 months, costs dropped by 2.three%.
Amongst different varieties of property:
Semi-detached: down 2.eight% month-to-month; down 1.2% yearly; £170,132.6 common
Terraced: down 2.7% month-to-month; down 1.5% yearly; £137,825.26 common
Flats: down 2.three% month-to-month; down three.5% yearly; £111,206.72 common
First-time consumers in Scarborough spent a median of £139,300 on their property – £three,200 lower than a 12 months in the past,
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