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Experts reveal what may be in store in our Yorkshire property market forecast for the year ahead

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Will prices go up, down or remain static?

Manning Stainton, says that changes have already begun and adds: “As we enter what is often considered the second busy period of the year for the property market, there is undoubtedly a change in the mood amongst buyers, sellers, landlords and tenants.

“In fact, what we see presently in the numbers of buyers and tenants starting their search is a market that has returned to more normalised levels of interest.“Gone,albeit not all together, are the ferocious bidding wars and huge waiting lists to view property and back instead are buyers taking a more discerning approach to the market.

areas, and says: “In the areas I cover I can’t see there being any major problem with the market, not least because they don’t make period homes anymore and the market for properties over £500,000 is strong with buyers from Yorkshire, London and abroad“Prices are levelling out everywhere but I don’t think they will slip. The message to sellers is to be realistic with asking prices and don’t be tempted by agents who overvalue or you will come unstuck.

 

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Experts reveal what may be in store in our Yorkshire property market forecast for the year aheadWhat will happen to the property market over the next year? That’s the question on the lips of homeowners and would-be buyers.Will prices go up, down or remain static? We asked some of the region’s estate agents for their views:Simon Blyth of the Simon Blyth estate agency doesn’t believe there will be a huge dip in property values and notes that at the moment it is business as usual in the post summer holiday period, which is typically a busy time for estate agents before the winter lull..He says: “I have valued and sold houses through various recessions and destabilising events, including the miners’ strike, but I think this time will be different.“I believe the boost to values over the last couple of years, to what had been a stagnant market, was primarily because Brexit was resolved with the pandemic also playing a part.
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