Prime areas, but realistically priced
KNIGHT Frank says sensible pricing is helping to sustain the market in Yorkshire. Research shows that the housing markets around Harrogate and the prime areas of North Yorkshire within commuting distance of Leeds have seen a greater recovery in sale volumes since the property crash, compared with many leading housing areas in southern England and even parts of London.
Average sale volumes in the first half of 2011 are down 50 per cent compared to the height of the market in 2007, Surrey sales are down 54 per cent and London 49 per cent.
By contrast, says Tim Waring, of Knight Frank’s Harrogate office, York’s have fallen by 40 per cent, Harrogate’s by 39 per cent less and Ilkley’s by only 37 per cent.