The big question everyone is asking right now is “What’s happening to the property market?” especially with global uncertainty and the ongoing tensions involving Iran impacting financial markets.
Despite headlines, the York market remains active and resilient. Demand locally is still strong because York continues to attract buyers relocating for lifestyle, schools, and long-term stability.
Interest rates remain the key driver. The Bank of England is signalling that rates may stay higher for longer, which has made buyers more cautious , but importantly, it hasn’t stopped transactions.
What we are seeing is a return to a normal market, not a crash:
Buyers are more considered
Pricing strategy matters more than ever
Well-presented homes still sell quickly
At Hudson Moody, we’ve successfully sold over 60 properties in March, which tells you there is still serious buyer demand when homes are priced correctly.
Sellers today need strategy over optimism:
Accurate pricing
Strong marketing
Experienced negotiation
Buyers actually have better conditions than 18 months ago:
More choice
Less frantic competition
Greater negotiating power
York remains fundamentally undersupplied for quality homes and that underpins long-term price stability across York.
Our advice right now:
If you’re selling be realistic and proactive.
If you’re buying this could be one of the most balanced markets we’ve seen in years.
Uncertainty makes headlines, but activity tells the real story and locally, the market is still moving.