News

Investing with the benefit of hindsight.

Peter Illingworth Senior Partner of the Ryedale Estate Agents Peter Illingworth reports on his findings from viewing the Land Registry House Price Index from March to November 2017.   The housing market within the Ryedale Authority had really become a hot spot according to the Index.  Who would have thought the prices for this period in Ryedale would have risen faster than the authorities of York, Harrogate and the coastal authority of Scarborough.

 

The figures indicate the following:

 

The Ryedale Authority:

The property index for Ryedale moved from 101.7 to 116.7 in that period, an increase of 14.74%.

Detached house sales moved from the average of £248,413 to £325,914

Semi-detached sales moved from the average of £188,992 to £217,703

Terraced sales moved from the average of £159,622 to £182,929

 

Harrogate Authority:

The property index for Harrogate moved from 110.4 to 115.4 in that period, an increase of 4.5%

Detached house sale moved from the average of £439,723 to £461,662

Semi-detached sales moved from the average of £264,413 to £277,080

Terraced sales moved from the average of £218,609 to £228,491

 

York Authority:

The property index for York moved from 110.4 to 113.4 in that period, an increase of 2.71%

Detached house sale moved from the average of £374,476 to £385,719

Semi-detached sales moved from the average of £239,738 to £247,078

Terraced sales moved from the average of £201,978 to £207,615

 

Scarborough Authority:

The property index for Scarborough moved from 105.3 to 110.1 in that period, an increase of 4.55%

Detached house sale moved from the average of £233,892 to £245,075

Semi-detached sales moved from the average of £157,421 to £165,489

Terraced sales moved from the average of £128,914 to £134,876

 

Peter Illingworth thought Ryedale had performed well as house prices had become very competitive when compared with other locations.  As well as been an area of outstanding natural beauty, Ryedale had really lifted its profile with respect to becoming a food capital; also on the route of the Tour de Yorkshire, as well as being recognised as providing an excellent education for students through the local schools.

 

Peter Illingworth says “Currently the Ryedale market is starved of stock, with bungalows and semi-detached homes being particularly sought after.  With the stock market having a wobble, there is a reasoned argument now for the market to move in either direction, but I suspect upwards.”

 

For further information contact Peter Illingworth on 01751 431107 or peter@peterillingworth.co.uk