Looking to the East for better value and a great quality of life
Relocators have pinpointed the East Riding area as a property hotspot that has everything from lower prices to a great lifestyle. Sharon Dale reports.
The East Riding may not be as high profile as the Yorkshire Dales, North York Moors or Whitby but it has quietly charmed legions of relocators over the past decade.
The area now tops the league table for the country’s most popular place to move to, according to research by the Halifax.
It had the biggest boost from net internal migration in England and Wales between 2000 and 2010 with 33,700 more people moving to the East Riding from elsewhere in England and Wales than left the area.
The incomers have boosted the population by ten per cent and the area’s popularity has pushed house prices up by 127% over the past decade. They rose from £65,379 to 148,235, which is well above the national average of 96%.
Estate agent Adrian Harrison, of Dee, Atkinson and Harrison, says it is no big surprise that people want to migrate to a place that boasts coastal gems such as Bridlington, Flamborough and Hornsea along with the undulating Wolds and the beautiful market town of Beverley. There has always been a steady stream of retirees and families moving in from West Yorkshire and Bridlington and upmarket Beverley are hotspots for them, but says Adrian:
“A lot of this comes on the back of the boom when people in the home counties cashed in and looked to move somewhere that offered value for money and quality of life.
“We have the coast, beautiful countryside, nice villages and market towns and easy access to other places like York and the North York Moors. The reason prices are lower here is that in some areas you can be 35 minutes from a motorway and so accessibility can be an issue. However, we now have people buying who can work from home.”
Even in the most desirable villages and towns, prices start at about £100,000 for a two bedroom home and from £150,000 for a three bedroom semi.
Famous relocators include David Hockney, who moved to Bridlington and whose paintings of the Wolds have done much to promote the area. TV presenter Sarah Beeny may have had planning battles with the local council, but she bought her home Rise Hall, near Hornsea, after falling in love with the landscape.
Leanne Marshall, of Hunters, Bridlington, says: “We have a lot of people buying from outside the area and they are from all over. We have a lot from West Yorkshire, I’ve just had a couple down from Scotland and I have someone from London coming to view.”
“It’s not just retirees, it’s families too. They love the town and the prices here are cheaper than Scarborough and Whitby.”
Howard Clarke, of Quick and Clarke, adds that East Riding’s economy has also contributed to the number of relocators.
“That has been a significant factor as the economy here has improved over the last ten years and that has brought people relocating for work,” he says,
The coast or easy access to it was obviously a magnet for those moving to pastures new, according to the Halifax. Threequarters of the areas with the biggest increases in net internal migration are coastal. The second most popular place to relocate to was North Somerset, which includes Weston Supermare and Portishead.
In contrast, eighteen of the 20 local authority districts that saw the largest net fall in internal migration were in cities, including Birmingham and Leicester and 14 of the 20 areas that saw the biggest dip are London districts. Major cities such as London, Leeds, Manchester and Birmingham have more transient populations and record the largest inflows and outflows from other areas
The 20 most popular places to move to saw an average 101% rise in house prices between 2000 and 2010, while the 20 least popular saw a 79% increase.
Suren Thiru, housing economist at Halifax, says: “The substantial population shifts across England and Wales appear to have had a marked impact on the housing market over the past decade. House price growth has generally been stronger in the areas that have proved to be the most popular locations for people to move to from elsewhere in the country, reflecting the importance of population changes as a key driver of housing demand. The figures also highlight the transient nature of the population in many of our major urban conurbations with the levels of home ownership much lower in the main cities compared to other parts of the country.”
SEASIDE SPECIAL: Bridlington attracts buyers from all over the country thanks to its coastline and its property prices.