Prime prop­erty set to fall in value

Yorkshire Post - Property - - PROPERTY -

PRIME prop­erty in the North is still strug­gling, ac­cord­ing to the lat­est re­search by Sav­ills.

Ben Prid­den at Sav­ills in York says: “Houses in many ar­eas of York­shire in the £1m-plus bracket are still strug­gling. Whilst we were hop­ing that last year would see an end to price falls, we now an­tic­i­pate an­other year of di­min­ish­ing val­ues for a sig­nif­i­cant pro­por­tion of prime homes in the North, al­beit of only two per cent. The best ad­dresses are still far­ing bet­ter than some, with val­ues of some of the most pop­u­lar ar­eas of York mak­ing a com­plete re­cov­ery to lev­els not seen since 2007.”

He said York is fol­low­ing a trend seen in the South where the best towns, and cities are re­cov­er­ing long be­fore the vil­lages and sur­round­ing coun­try­side.

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