Market Brief: The York property market shows resilience
The York property market has proven itself to be even more resilient than I thought it would be this month! Despite the traditionally quieter run up to Christmas, the Brexit delay and general election news, properties that are nicely presented and priced correctly are still selling well.
If you are thinking of selling your property, we would always suggest placing it on the market before Christmas rather than waiting for the January rush. With families coming together over Christmas, they have chance to talk, make plans for their year ahead and make decisions. As a result, Rightmove always sees a ‘Boxing Day bounce’ – one of the site’s busiest days of the year, with the period between Christmas and New Year also notoriously busy. You can use our free online valuation tool which will give you an instant indication of what your property is worth or of course contact us to book a valuation appointment.
Looking ahead to the new year, we have some very exciting new developments launching in the city which I hope to be able to tell you more about before Christmas. With so many developers continuing to invest here, it is a real indication of their confidence in the city and York’s popularity with buyers, both locally, nationally and internationally. As Phil and Kirsty say, it’s all about ‘Location, location, location’ and there is no knocking York on that! The rail links to London and Scotland are exceptional, access the major road networks is easy and the investment in the city’s businesses and wider economy make it the perfect city to live and work.
Of course, this means property in York can often be at a premium and demand is high. If you are looking to purchase a property in the city, you can make sure you’re the first to know when we’ve listed new properties by signing up to our property alerts. Once they’ve been released on our website, we then list our properties on OnTheMarket up to 48 hours before they go on Rightmove. If you have specific property requirements, or are looking for something special, do get in touch as we often have properties available which have not yet reached the open market.
Finally, a reminder for any potential first-time buyers to open a Help to Buy ISA before 30 November 2019. They won't be available to new savers after this date, but if you opened your Help to Buy ISA before then you can keep saving into your account. The government will top up any contributions you make by 25%, up to the contribution limit of £12,000. This means you can earn a maximum of £3,000 from the government – as long as you claim your bonus by 1 December 2030.