Market Brief: The York Property Market remains bright
It’s hard to believe we’re fast approaching the longest day when we’re experiencing such damp and dreary weather at the moment! Thankfully I’m pleased to report that the property market here in York is quite bright!
Now is the time of year when people make a last push to sell their property and move to a new house ready for the new school year starting in September. This, coupled with the fact we’re playing catch up from the quieter months earlier in the year when Brexit was causing so much uncertainty, means the market is relatively buoyant.
Whilst the Brexit uncertainty is not yet over, my advice for people who are thinking of selling their property would be to place it on the market sooner rather than later, before any further Brexit woes pick up momentum in the Autumn. Whether we leave the EU with or without a deal, and it is my belief that we will survive a no deal Brexit, I’m certain the media will continue to ply us with doom and gloom stories – something which is sure to have an impact on people’s decisions later in the year.
Here in York we’re excitedly looking forward to the launch of the Hudson Quarter marketing suite on 21st June. It comes after five years of hard work by a fantastic team and with such a unique location and exquisitely appointed apartments, I am sure the development will prove to very popular with purchasers. If you would like to register for your personal appointment during the launch weekend, please visit the Hudson Quarter website here.
In the Lettings industry, the Tenant Fee Ban is now in place. Whilst this will initially make it cheaper for tenants when starting a new tenancy, the reality is that those upfront costs will now be spread throughout the tenancy through an increase in rent prices. To read more about the Tenant Fee Ban, take a read of our Lettings Manager Tim’s latest update.