Prime ar­eas, but re­al­is­ti­cally priced

Yorkshire Post - Property - - PROPERTY -

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.

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