I've worked in lettings and estate agencies for the 10 years in both Yorkshire and London. Although I love the fast paced atmosphere of London, my heart very much belongs up North with all the friendly Yorkshire folk. We moved back up North shortly after my daughter was born and being a Southerner in a Northern city, I am amazed at the kindness afforded to me by strangers. In my spare time I like to listen to podcasts, read books, exercise but most importantly of all, spend quality time with my wife and two kids. I'm really excited at what's going on currently in the UK property sector and what we can expect to happen in the not too distant future.
As an estate agent working in York, I believe it’s crucial to provide a comprehensive and realistic perspective on the local and national property markets. This approach aims to dispel the misconceptions often perpetuated by the media. Despite frequent reports predicting a housing market crash since September 2022, the actual data reveals that the British … More York & UK Property Market Overview for Q2 2024
Despite the anticipations and speculations surrounding the UK General Election, its impact on the UK and York property market has been negligible. Market trends, buyer interest, and property values have remained steady, showing no significant fluctuations attributable to the political climate. This stability suggests that factors such as economic fundamentals, interest rates, and housing supply … More York Property Market: Navigating the ‘Starmer Surge’ Following the General Election?
The UK property market has seen significant shifts in recent years, particularly during the pandemic. One of those changes discussed by the Press are the number of properties for sale where the home seller is suffering from ‘buyers regret’. In estate and letting agency online forums, the ‘feeling’ is that there are a lot of … More Why Are So Many York Homeowners Selling So Soon After Buying?
The property market in the UK is a complex and multifaceted entity, characterised by a myriad of factors that influence property prices and values. One of the critical metrics often underutilised to gauge the value of property is the price per square foot (£/sq.ft). This figure provides a standardised measure, enabling comparisons across different regions … More Understanding the Property Market: £/sq.ft Trends in the UK, Yorkshire and Humber, and York
The UK property market has demonstrated remarkable resilience despite facing significant challenges over the past 18 months. Many analysts in the autumn of 2022 predicted a severe downturn in house prices, driven by economic uncertainty, a cost-of-living crisis, and rising mortgage rates. Yet, contrary to these grim forecasts, UK (and York) house prices have remained … More Why Hasn’t the York Property Market Crashed?
Over the past few years, the UK rental market has experienced significant fluctuations, with rents increasing dramatically during the Covid-19 pandemic. Between 2020 and 2022, demand far exceeded supply, driving rents to unprecedented levels. In Yorkshire and Humber for example, the average rent has risen from £757 per calendar month (PCM) to £962pcm YTD in … More York Buy-to-Let Property Market: A York Landlord’s Perspective on Recent Trends
York, a vibrant city with a diverse property market, offers countless opportunities for homeowners seeking their next home. However, navigating this landscape requires a strategic approach to avoid common pitfalls. If you’re a current York homeowner weighing up your options for a potential move, this guide will shed light on some key factors to consider. … More Making Sense of the York Property Market’s £369 per Square Foot Value
Navigating the property market in York? Understanding the current market dynamics is essential whether you’re looking to buy a dream home or sell a cherished property. Recent data reveals a fascinating surge in property transactions across the UK, with York included in all this bustling activity. As of April 2024, property sales and listings have … More Is it a York Buyers’ or Sellers’ Property Market?
As May comes into view, with the anticipation of the warm summer months ahead of us, with sun-drenched hot beaches and cold ice cream, the thoughts and contemplations of Christmas seem a million miles away. Yet many people who wish to move would like to be in for Christmas. If that is you, listen up, … More York Homeowners: Miss the 6th of June 2024 Deadline and You Might Miss Christmas in Your New Home.
As we are now nicely into 2024, it’s certain the York housing market over the last 18 months has been a little more restrained than 2020, 2021 and early 2022, and I believe that the ‘steady as she goes’ outlook will continue into the rest of 2024 and beyond. As property ownership is a medium … More York Property Owners Reap £11,185 Yearly Gains Since 2001
Understanding the nuances of property sales is essential for both homeowners and investors in the dynamic York property market. A few weeks ago, I stated that of the York properties that have sold subject to contract (stc) in the three months of Dec, Jan & Feb, it took an average of 62 days to sell. … More 2-Bed or 3-Bed York Homes: Which Sells the Fastest?
In the articles on the York property market, we like to provide an insight into the real story of what is happening in our York (and national) property market and address the misconceptions that some of the ‘doom monger’ media have been spreading. Despite almost daily reports of a housing market crash since September 2022, … More York Q1 2024 Property Market Report
Many York people I talk to in their late 30s to late 40s are relying on the inheritance from their Baby boomer generation parents to help them in their home buying and retirement future. It is true there is £2 trillion (£2,040,861,524,790 to be exact give or take a few pennies) tied up in equity … More York’s £6.81 Billion Inheritance from Baby Boomers Won’t Save Gen X and Millennials
Whether you are a York landlord looking to liquidate your buy-to-let investment or a York homeowner looking to sell your home, finding a buyer and then getting the legal work done can take a frustratingly long time. It is a step-by-step process that can take many months. One of the worst parts of house selling … More 62 Days to Sell a Property in York
As a practised estate and letting agent based in York, I like to monitor the York property market, compare it to the UK property market, and then share it with York homeowners and landlords. For February 2024, the UK property market has seen a continuation of the solid start in the first month of the … More The York Property Market Report for March 2024
There are 28.4m households in Britain, of which 17,693,200 are owned, worth a total of £5,127,807,837,600 (£5.1 trillion). When you add all the private rented homes and council houses, that figure reaches just over £8.5 trillion! Over the last six years, 76,669 UK properties have sold each month, meaning the average British homeowner moves every … More York’s Restless Homeowners: The 5 Year 28 Week Itch in the York Housing Market
As an estate and letting agent with a keen eye on local York property trends, it becomes imperative to delve into the nuanced landscape of property types, mainly through the lens of bedroom distribution across various tenures. This analysis enriches the knowledge base of York homeowners and landlords and positions them advantageously in making informed … More 36.18% of York households are 3-bedroom homes. Is that enough?
The UK’s property market is facing a significant challenge as the availability of homes for rent has plummeted to its lowest level in five years, exacerbating the difficulties tenants face in finding affordable accommodation. This alarming trend was highlighted in a recent analysis, which revealed that in 2023, only 261,542 private rental homes were available … More The Future of the York Buy-to-Let Market in 2024
The number of agreed UK property sales until the last Sunday of January (28th) is 8.35% higher than a year ago. Tumbling mortgage costs have encouraged buyers and sellers to return to the property market. There is a more buoyant picture for the UK property market in the first four weeks of January 2024 compared … More House Sales Up 14.8% on 2023 as Mortgage Rates Fall: Yet is it a sellers’ market in York?
As a seasoned estate agent serving the York community, I’ve always prided myself on offering transparent, informed advice to local homeowners. Today, I’d like to provide a balanced perspective on the current housing market trends and what they could mean for those contemplating selling their York homes. The housing market is an ever-evolving landscape, and … More Is 2024 a good time to sell your York home?