Yorkshire Property News - March 2019 - 15/03/19
Following on from our last review in January, the local market continues to ‘chug along’ quite nicely although, in our opinion, houses under the £250,000 bracket are still performing better than those above.
This may be due to more buyers being able to afford such houses but we still believe it is a good time to sell due to an under supplied market. Three bedroom semi detached or larger townhouses are selling particularly well in the popular areas and we are experiencing multiple viewings and ‘best and final offers’ being achieved. It nearly reminds us of the good old days!
The never ending Brexit dilemma continues to dominate everyday life but, again, our advice is for both buyers and sellers to crack on and start the process otherwise they could be waiting a long time for this to resolve itself. We still believe if you buy and sell in the same market, it usually means you can’t go wrong.
In the Kirklees area, the ongoing drama of the adoption of the new Local Plan is causing a stir with local residents due to the large number of sites that have been allocated for potential residential development. In some of our core areas of Birkenshaw, Cleckheaton, Gomersal and Liversedge we counted 31 sites being allocated with a potential of 2,000 new houses being built, many in Green Belt areas. We can understand people’s concern about the strain on public resources like schools, roads and doctors but such is the demand and government support for housing, we can see a flurry of residential applications being submitted over the next few weeks. The NIMBY’s (Not In My Backyard) out there certainly won’t be happy.
On the positive side, such developments will bring in revenue to the local areas from developers in the form of ‘Section 106 Agreements’ designed to improve public services and all new schemes promote ‘Affordable Housing’ which allows younger buyers to get on the housing ladder. There will also be numerous new developments for buyers to choose from and with ‘Help to Buy’ schemes still in place, houses can be purchased with only a 5% deposit. Currently anyone can apply for this scheme but legislation may change so that only First Time Buyers will benefit, so watch this space.