Ask­ing prices drop in York­shire

Yorkshire Post - Property - - PROPERTY -

ASK­ING prices dropped by 3.6 per cent in York­shire in 2011, ac­crd­ing to Rightmove. Na­tion­ally, av­er­age ask­ing prices were up 1.5 per cent in 2011 and are ex­pected to rise by two per cent this year.

How­ever, the coun­try is frag­mented into mi­cro mar­kets. Ask­ing prices in Rother­ham are up 2.8 per cent un­der-pinned by 12 per cent fewer prop­er­ties com­ing to mar­ket, whereas in Barns­ley prices are down by 5.0 per cent as new seller numbers are up by two per cent.

Rightmove’s Miles Ship­side says: “Those in­volved in buy­ing or sell­ing need to un­der­stand their lo­cal mar­ket dy­nam­ics to help them de­liver the right recipe for suc­cess. That will in­clude gaug­ing un­der or over-sup­ply of prop­erty and buyer de­mo­graph­ics.”

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