City top for home de­vel­op­ments

Yorkshire Post - Property - - FRONT PAGE -

YORK has been named as one of the best lo­ca­tions in the UK to de­velop and in­vest in res­i­den­tial prop­erty, ac­cord­ing to lat­est re­search from Savills.

How­ever, the num­ber of vi­able sites avail­able for build­ing still falls short when it comes to longer term prospects.

Matthew Jones, res­i­den­tial de­vel­op­ment di­rec­tor at Savills York­shire, says: “York has strong res­i­den­tial mar­ket re­cov­ery yet be­low par lev­els of de­liv­ery to date.

“De­vel­op­ment sites that do come to the mar­ket in the city are at­tract­ing a lot of in­ter­est.

“For ex­am­ple we’ve seen a num­ber of key de­vel­op­ers look­ing at in­vest­ing in the Choco­late Works site on the South Bank which we’re cur­rently mar­ket­ing.”

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