Yorkshire House Prices Continue To Rise
Our region is showing signs of having a good 2017 with positive property price rises across all of our areas in the first quarter of this year.
This comes despite suggestions by the Halifax that house prices are “stagnating” across the United Kingdom – with a fall of 0.2% nationally. Whilst this may be true of some parts of the country, this does not correlate with the Yorkshire market, which continues to grow.
As we can see, values rose by at least 1% in all seven of the Preston Baker areas, with Sheffield leading the way, meaning an average increase of almost £3,330 per home. Here are the average current values:
Is now the right time to be looking?
With prices rising throughout, there is always going to be the question of whether now is the right time to buy. Whilst that growth is still there, it is expected that the annual rate of house price inflation will be 5%.
This should make property more affordable for buyers, leading to a higher volume of sales, due to prices being accessible relative to what people earn. We’ve already seen more new houses on the market than ever before so not only can you get more for your money but there’s plenty of choice if you’re looking to purchase a property. Here’s a look at sales in our four biggest areas over the last three months.
Preston Baker continues to grow in 2017
This year we have already made strides to grow across the county, adding offices in Easingwold and Wetherby to our portfolio following our best sales year ever in 2016.
As an award-winning and fast-growing agency we have a dedicated team and innovative tools – like our Property Launch, which has seen clients sell for at least £5,000 more than asking price – working to get the right deals for both buyers and sellers.
On top of this, we have a growing Land and New Homes team looking to help bridge the housing gap across the region and a brand new buy-to-let opportunities finder on our website.
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