Average annual price growth in the North East (8.3%) and in Yorkshire and the Humber (9.7%) is higher than the UK average. In eleven areas the annual rate of price growth currently exceeds 7.5%.
Although Rightmove report that average asking prices fell by 2.2% month on month in each region in January, properties are selling more quickly than a year ago.
Average property prices in the North East and Yorkshire and the Humber are more expensive than a year ago and activity across the market is robust. On average 3.5% of private properties are sold each year, with turnover in Selby more than 4%. Over 12,300 new homes were registered for sale during 2020, and nationally registrations have been on an upward trend since September.
First-time buyers were particularly affected by the closed housing market and the stricter mortgage lending that followed. However, buyer numbers have recovered steadily, with transactions just 2% lower year on year during the final six months of 2020 (UK Finance). The number of High Loan-to-Value (LTV) mortgage products has also increased, Moneyfacts reporting there were 169 products available at 90% LTV in January, over double the number available back in July. Lending rates remain low, the average mortgage rate the lowest in history.
This beautifully presented, stone-built family home has accommodation set over three floors, with two reception rooms, a breakfast-kitchen, three bedrooms, a bathroom and a WC. Close to the centre of a highly sought-after village, this charming home also benefits from a lawned front garden and rear courtyard.
Originally two cottages, this detached period stone cottage has been skilfully converted and extended to provide a spacious five-bedroom family home with an open-plan kitchen and diner and two generous reception rooms with charm and character throughout. The home further benefits from a single garage and south-facing gardens.
This well-presented country cottage is situated in the popular village of Seaton Ross and features four double bedrooms including one with an en suite, four reception rooms and a breakfast-kitchen. The property offers a myriad of character features such as beamed ceilings, slate floors and exposed brickwork. To the front there is ample parking and access to a beautiful garden.
Looking to sell your home? Get in touch with the best agents in your area and find your local Guild Member today.