Ryedale housing market with 5 star performance and review – by Peter Illingworth Property Agent
Taken from the Land Registry house price index, out of the nine regions in England, Yorkshire and Humberside are in a firm fourth place, with house price prices for 2017 to 2018 equating to an annual growth of 5.1%. The top performer being the South West with 6.9%, however Ryedale within the Yorkshire and Humberside region has had a spectacular rise of 7.5%, a five star performance in any event.
“There is every sign that the housing market in Ryedale will continue with its upward momentum as there still continues to be a severe shortage of stock”, reports Peter Illingworth of Peter Illingworth Estate Agents. “House prices are still extremely good value when compared with York and I expect the ripple effect to continue until the market is rebalanced”, Illingworth said.
Peter Illingworth went on to say “Historically, the first signs of a rising house price market in Ryedale can be ascertained when bungalows are in high demand and sell quickly, this is now the case. Confidence then usually moves speedily into the other sectors of the market. The key to a successful sale at the best price is to use and be advised by an experienced agent such as ourselves, with a finger on the pulse of the market, to ensure you don’t under sell or blight your property by being over ambitious. We are now seeing strong demand generally for all residential sectors of the market, now is your chance to get on to the express train.”