Book a Property Valuation
logo

Regional Property Market Update Winter 2021: North East, Yorkshire and The Humber

Posted on: Friday, November 26, 2021


Sales remain brisk as demand continues

The market is busier than in any year since 2007. In the first nine months of 2021, HMRC estimate that more than 1.2 million homes changed hands, 47% higher than the long-term UK average (2010–2019) and just 50,000 fewer than the same period in 2007. On average, there is now only 2.2 months’ worth of stock available in the UK, compared to four months’ stock in 2019 (TwentyCi).

Selby, Harrogate and Ryedale are the most active housing markets in the North East, and Yorkshire and the Humber. The average annual rate of housing stock turnover in the area as a whole is 4.1%.

 

North East Winter regional property market report 2021

 

On the up 

The average price of a property has increased significantly during the past year, many localities experiencing double-digit annual price growth. Agents anticipate price growth will moderate over the coming months to more sustainable levels, with predicted growth of 2.5% in the North East and 3.0% in Yorkshire and the Humber during 2022 (Zoopla). According to Dataloft, the annual increase in the average property price in the North East is £17,500, with the average property price in Yorkshire and the Humber up by £15,000.

 

North East Winter regional property market report statistics 2021

 

Keeping warm 

COP26 focused attention on the environment and energy efficiency. An Energy Performance Certificate (EPC) is needed whenever a property is built, sold, or rented. While 90% of new build properties achieve the highest A or B rating, just 1 in 14 resale properties currently reach that grade, although 60% could with improvements. Upgrading could prove lucrative; resale properties rated A/B currently attract a 13% price premium (based on £psf), compared to those properties with the average D rating1.

 

VIEW THE FULL NORTH EAST REGIONAL REPORT

 

 

Properties for sale in the North East region of the UK

Leeds, West Yorkshire, 6 bedrooms

6 Bedroom Semi-Detached House for sale in LEEDS

'Dilkoosha' is a stunning six-bedroom Victorian end terrace property, which retains many of its period features, including high ceilings, original fireplaces, quarry tiled floors, traditional bay windows with sliding sashes, and original Victorian mouldings. This property, which is steeped in history and romance, was built in circa 1884 by the Gascoigne family of Lotherton Hall. The current owners have expertly created a fusion of period features and contemporary touches throughout, which allows the property to remain sympathetic to the era, but with a contemporary twist. 

 

Great Lumley, Durham, 5 bedrooms

5 Bedroom Detached House for sale in Chester le Street

The Old Methodist Chapel is a stunning period property, which originates from the early 1800s and has been completely renovated and refurbished in recent years by the current owners. The property has many period features and has been enhanced with a light and modern interior. It offers flexible and well thought out accommodation, set over three floors, to suit a wide range of buyers.

 

Pontefract, West Yorkshire, 5 bedrooms

5 Bedroom House for sale in Pontefract

A rare opportunity to purchase a piece of Pontefract’s history, Dandy Mill Farm consists of a Victorian farmhouse, an adjacent cottage, traditional outbuildings and the unique landmark of the Dandy Mill itself. The property is arranged within a courtyard with parking for multiple vehicles and is set in extensive grounds including a paddock with outline planning permission for two dwellings. 

 

Contact us

As property prices continue to rise and the UK hits a record number of sales for autumn, sell your property with experts in the property industry this winter. Contact your local Guild Member today.

 

GET AN ONLINE VALUATION

 

What Our
Clients Say

"

I would highly recommend Hardings. Their knowledge of the local area is outstanding, and they give honest and reliable advice. They have always been my partner of choice when buying and selling.

Rhiannon Prothero

"

Have used Hardings for many year on both personal and commercial property deals. Have always found them to be transparent, honest, authentic, and a pleasure to work with. Will continue to use in the future.

TB

"

I would highly recommend Hardings Estate Agents. They have excellent knowledge of Windsor and the surrounding areas, and are extremely professional, responsive and courteous. I would not hesitate to using them again the future. I recently dealt with Milica who was instrumental in securing us our new home in Windsor as well as the sale of our existing property. She was a fab negotiator and a real pleasure to work with from beginning to end. Thank you!

Jonathon Beresford

"

Hardings of Windsor managed our purchase with complete professionalism and went over and above in my opinion to manage the transaction and chain, resulting in a really smooth purchase. Milica at Hardings constantly provided timely updates and managed respective solicitors and the chain effectively, always responding quickly to queries. The whole transaction would not have happened without Milicas' focus on making all parties comfortable and satisfying all queries, not only professional but a delightful and welcoming personal approach that was a constant throughout. Thanks Hardings! Thanks Milica!

Stuart Blatch

"

I would recommend using Hardings estate agents when buying or selling your property. Dominic (Scully) was always available, helpful and genuinely interested in my purchase and always calm and compassionate. If I ever move again my first choice will be Hardings.

Cath Powell

"

Dom and the team at Hardings were so helpful and efficient when I purchased my flat - friendly and professional service and kept us up-to-date the whole way through the process. It was my first time buying and so was very nervous but they helped me feel at ease.

Freppell

"

We bought and sold through Hardings and can't recommend their professional service enough. The whole Team are really lovely, we were kept informed throughout the process and never had to chase anything.

Natalie Quint

"

I used Hardings when I bought my property as well as when I sold it and the service has been fantastic both times. I very much recommend Hardings!

Therese Jouini

"

We recently purchased our new home with Hardings Estate Agents. The whole team there were very helpful and flexible with us, arranging viewings quickly on the same day. They were always quick to respond and if ever our point of contact was not there, the service did not change as they work well together as a team. We received a personalised service, which allowed the sale to proceed quickly. Thank you all and we recommend Hardings Estate Agents without hesitation.

Mike B

"

What a pleasure it was to deal with Milica from Hardings. She sourced the perfect property for me and my family (while we were still abroad) and worked endlessly to put the deal together. I would give more than 5 stars if at all possible!

C D

"

Fantastic customer service and made what could have been stressful a total breeze. Dominic and Louisa were brilliant in helping me and my parents buy and sell our houses - reliable, helpful and thoughtful. Thank you!

Eloise Harris

"

Thank you, Dominic and Louisa - having not moved for over 30 years you helped me all the way, step by step. You were always polite, communicative, reassuring and very supportive. Would recommend Hardings wholeheartedly.

Anna Bowen
How Much is Your Property Worth?

How Much is Your Property Worth?

A senior member of our sales team will visit your property to discuss current market trends and how your home; based on size, condition and location should be pitched to achieve the best possible price and buyer. Coupled with an excellent understanding of the local market we do a detailed analysis of what else has sold and what is coming onto the market so we can give you the best chance to capitalise on your biggest asset.

Book a Valuation