House prices dropped more than average for Yorkshire and The Humber in Bradford in January, new figures show.

​The ​drop ​contributes to the longer-term trend, which has seen property prices in the area ​suffer a 1.5% annual decline​.

The average Bradford house price in January was £133,763, Land Registry figures show​ – a 2.6% decrease on December.

Over the month, the picture was ​worse than that across Yorkshire and The Humber, where prices ​decreased 0.9%​, and Bradford underperformed compared to the 1.1% drop for the UK as a whole.

Over the last year, the average sale price of property in Bradford ​​remained level – putting the ​area 18th among Yorkshire and The Humber’s 21 local authorities for annual growth.

​The best annual growth in the region was in Barnsley, where properties increased on average by 7%, to £130,000. ​At the other end of the scale, properties in Ryedale dropped 4.2% in value, giving an average price of £220,000.

Winners and Losers

Owners of flats fared worst in Bradford in January – they dropped 3.1% in price, to £94,542 on average​. Over the last year, prices dropped by 4.0%.

Among other types of property:

  • Detached: down 3.0% monthly; down 2.1% annually; £236,850 average
  • Semi-detached: down 2.4% monthly; down 0.7% annually; £141,801 average
  • Terraced: down 2.4% monthly; down 1.2% annually; £109,682 average

First steps on the property ladder

First-time buyers in Bradford spent an average of £​119,500 on their property – ​£1,800 less than a year ago, ​and ​£12,700 more than in January 2015.

By comparison, former owner-occupiers paid £​143,600 on average in January​ – 20.1% more than first-time buyers.

How do property prices in Bradford compare?

Buyers paid 19.1% less than the average price in Yorkshire and The Humber (£165,000) in January for a property in Bradford. Across Yorkshire and The Humber, property prices are low compared to those across the UK, where the average cost £231,000.

The most expensive properties in Yorkshire and The Humber were in Harrogate – £284,000 on average, and 2.1 times as much as in Bradford. Harrogate properties cost 2.5 times as much as homes in Hull (£114,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average January sale price of £1.2 million could buy 14 properties in Burnley (average £86,000).

Factfile

Average property price in January

  • Bradford: £133,763
  • Yorkshire and The Humber: £165,383
  • UK: £231,185

Annual growth to January

  • Bradford: -1.5%
  • Yorkshire and The Humber: +3.1%
  • UK: +1.3%

Best and worst annual growth in Yorkshire and The Humber

Barnsley: +7.0%

Ryedale: -4.2%