The number of agreed UK property sales until Saturday, 22nd November 2024, is 18% higher than a year ago. Breaking those stats down even further, as of 22nd November 2024, 1,009,340 UK homes had been sold subject to contract (STC), an 18% increase from the 855,083 homes sold STC in the same period of 2023. … More York House Sales Up 18.5% on 2023 – Yet Challenges Still Remain

Recent figures from the Office for National Statistics reveal that across the UK, 486,795 households are occupied by individuals aged 65 (and over) who live in a private rental sector home. This represents 6.71% of all OAP’s that are now renting privately.  Ten years ago, only 267,704 households were occupied by individuals aged 65 (and … More York’s Ageing Population Turning to Rentals: What it Means for Landlords.

Are you a York homeowner or landlord? Are you thinking of selling your home or property in early 2025? Then, in this article, let me show you how long it will take, on average, to find a buyer for your York home and how long solicitors will take to get you moved. Independent research from … More York Properties Selling in 63 Days

Future legislation and the recent Budget have stirred considerable anxiety among landlords. The Chancellor’s decision to increase the additional Stamp Duty Land Tax (SDLT) from 3% to 5% for landlords purchasing additional properties initially suggested a grim outlook for the buy-to-let sector. This move, coupled with the introduction of the Renters’ Rights Act, which proposes … More York Buy-to-Let is Dead Long Live the York Buy-to-Let Landlord

In an age of sensational headlines, the UK property market—particularly in York—often finds itself misinterpreted. While we cannot ignore the challenges of higher mortgage rates and shifting buyer preferences, it is vital to appreciate the broader context to understand what’s happening in the York property landscape. The UK housing market is currently at a junction, … More The Hidden Trap of Overpricing Your Home in York’s Property Market

Are you a homeowner in York? Perhaps you’re planning to move/sell/buy within the next six to twelve months, or maybe you’re on the lookout for your next dream home and have no timescales. Whether you’re buying or selling, having a clear understanding of the current state of the property market in York is vital to … More York October ’24 Property Market: A Comprehensive Overview for Buyers and Sellers

It’s no secret that the younger generation in York is finding it tough to get onto the property ladder. With the rising cost of living, stagnating wages, and stricter mortgage criteria, it’s no surprise that fewer under-34s are becoming homeowners. But just how grim is the picture? And is there hope on the horizon for … More The Hard Truth About York’s Young: Where Do They Live and What Does the Future Hold?

As the property landscape in York continues to evolve, many homeowners who have been on the market for a while find themselves navigating the complex decision of when and how much to reduce their asking prices to attract buyers. With an increasing number of properties on the market in the York area, rising from 1,294 … More 1 in 10.2 York Home Sellers Lower Their Asking Price Every Month

If you’ve ever considered selling your York home, you may have felt the temptation to list it at a higher price, hoping for a bigger payday. After all, who wouldn’t want to maximise the return on their largest tax-free investment? However, this approach has a downside that many York homeowners – and even some estate … More 10,392 York Homeowners Fallen Foul of Estate Agents ‘Overvaluing’ in Last 5 Years

The terraced house, once considered a relic of the past, is making a notable comeback. But one might wonder – did it ever truly go out of fashion? The simple, unassuming two-up two-down, a hallmark of Victorian red brick Britain, is now being rediscovered by modern York buyers looking for more than just a place … More The Resurgence of the York Terraced House: Or Has it Ever Been Out of Fashion?

The York property market has undergone significant changes over the past few years, as depicted in the two graphs provided. These visualisations capture the trends in the number of properties available for sale and the number of properties sold subject to contract (SSTC) from January 2019 to July 2024. By analysing these graphs, we can … More A Tale of Two York Property Markets and the Need for Realistic Pricing

The York property market has experienced a rollercoaster ride since 2019, reflecting the unprecedented challenges and opportunities that have shaped the landscape of home buying and selling in the area. The accompanying graph vividly illustrates these dramatic fluctuations, comparing York’s monthly house sales, expressed as a percentage of the six-year (2019 to 2024) average in … More York Property Market: Navigating the Rollercoaster of the Last Six Years

The UK property market has undergone significant shifts since the summer of 2020, driven primarily by the post lockdown race between the summer of 2020 and late 2021, and then a rapid series of interest rate hikes aimed at curbing inflation in 2022 and 2023. These changes have had far-reaching implications across the property market, … More York Property Market: Where are the Cash Buyers?

The rental property market is on the brink of a significant shift, one that will undoubtedly cause concern among landlords across the UK. The new Labour government has made clear its intention to raise the minimum energy performance standards for rental properties, a move that could have far-reaching implications for both landlords and tenants alike. … More 9,371 York Landlords to be Hit by New Eco Rules in 2030

York has become an attractive destination for both families to buy and rent and is known for its rich heritage and strategic location. In this article, I will delve into the current housing situation of family homes in York, compare them with national averages, and then explore opportunities for home buyers and landlords. My goal … More Are Our York Homes Fit for Our Families? Insights for York Homeowners and Landlords

Are you a York homeowner? Are you thinking of moving home in the next six to twelve months? Whether you’re aiming to buy your dream York home or sell a beloved property, grasping the current market dynamics is crucial. You might be a York buy-to-let landlord, possibly looking at selling or buying another property to … More York Property Market 2024: A Strategic Guide for Buyers and Sellers

York, with its vibrant culture and rich history, has long been an attractive place to live. However, recent concerns suggest that the whole of the UK (and thus York) may be facing a population crisis, impacting the quality of life for its residents. With 11,747 people living in every square mile, the city appears to … More Is York Overcrowded? A Closer Look at the Numbers

It might surprise many that, despite significant inflation over the past few years, buying a house today is still more affordable as a percentage of take-home pay. The average value of a typical York first-time buyer property has surged by 254.7% since 1989 (35 years ago), reaching £334,100 in 2024. So, the title of this … More York Starter Homes 40.6% Cheaper Today Than 35 Years Ago

Roll the clock back to 1979, a year marked by a seismic shift in the UK government with Margaret Thatcher coming to power. This was a momentous time for the country, symbolising a new direction. Fast forward to 2024, and we could be about to experience another significant change with Sir Keir Starmer leading the … More York Property Market – 1979 vs 2024

The length of time it takes to sell a property is a crucial indicator of the health of the property market. This metric can provide insight into supply and demand dynamics, the efficiency of estate agencies, and overall market confidence. For York homeowners and investors alike, understanding these trends can inform better decision-making. When properties … More York Property Market Insights: How to Sell Your Home Faster in 2024