York Housing Market Strong
YORK is adept at weathering property market storms and the latest statistics from Savills bear this out.
The York Prime Property Index grew by 0.6% in the first half of this year, with some exceptional prices being recorded.
Ben Pridden, from Savills Residential in York, says: “York lives in its own bubble. Its mix of excellent schools, stunning architecture and period and new-build property means it attracts buyers from across the country.
“For example, Dalby Lodge, a Georgian house in seven acres, sold within a week of marketing for the asking price and Savills York has recently had competitive bidding for a cottage in Oulston near Easingwold.”
He adds: “The team has, however, noticed a slight drop in the amount of new enquiries, although viewing levels have been above average to date.
“Savills forecasts that prime regional property prices outside London will fall by 1% during 2010. We expect that the prime Yorkshire market will perform along these lines, seeing a nominal dip in value before the year end. The Savills Research team predicts, however, that mainstream markets across Yorkshire will fall by as much as 6.7% over the next year.
“I see prime streets in York, the Howardian Hills and villages around and including Helmsley and Ampleforth will continue to sell well for the time being.”