Future may be bright for house values in Yorkshire

PUBLISHED: 19th Nov 2019

The Real Estate advisor believes that values in our Region will rise by 21.6 percent between 2020 and 2024 v a UK average of 15.3 percent, although the calculations assume that the forthcoming General Election does not result in a significant shift in policy and that the UK achieves an orderly exit from the EU over the course of 2020 and avoids recession.

“markets further from the capital, such as Leeds, Liverpool and Sheffield were much slower to recover post financial crisis and have much greater capacity for house price growth  relative to incomes, even as interest rates rise”.

Savills also carried out exclusive research for Property Post showing how property values have fared in Yorkshires local authority areas over the past 10 years.

Harrogate is the most expensive place to buy a home, but Leeds was fourth with a rise of 30.5%  - this shows that despite Brexit, Yorkshire remains in a positive position.

So if you are looking to move at the beginning of next year when in 2020 Yorkshire and Humber prices are due to rise by 2% call David Phillip Estate Agents for a free market appraisal and take advantage of the Rightmove audience spike  that takes place from Boxing Day to January , we also have 3d virtual tours and local area videos to ensure that your property gets the best publicity coming into 2020.

T: 011134 676 400 w: davidphillip.co.uk  

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