27th Oct, 2016
A survey of UK house prices, carried out by Zoopla, found that house prices in Huddersfield climbed by 4.6% from January through to June – that’s more than major property hotspots such as Leeds, Manchester and London.
So what’s the driving factor behind this house price growth?
Our director, Amy Wray, explained: “We’re seeing a combination of two things. Huddersfield is growing in popularity for young professionals and families. We’re also wedged between two great northern cities, and have brilliant transport links – meaning that people can earn the higher wages associated with working in Leeds and Manchester, whilst benefitting from the lower living costs of Huddersfield.
“We’re witnessing a lot of investors snapping up the lower value properties as buy-to-lets too. This ultimately drives prices – and the quality of properties – up. So we’re only going to see further growth in the next few years, as more people begin to realise the benefits of living in Huddersfield.”
And although the price of housing in Huddersfield slowed slightly in August due to the UK’s vote to leave the European Union, it’s likely that prices will steadily increase again as consumer confidence recovers. In fact, consumer spending is at its highest level since 2014, according to a report by Barclaycard. Out of the 2,000 people surveyed, 48% said that they felt ‘upbeat’ about the economy.
So, with the added incentive of lower interest and mortgage rates, buyers should feel confident that now is the right time to purchase a home, before house prices rise once again.
If you’re looking to buy a property in Huddersfield, then get in touch with our sales team on 01484 682999.
Or, if you want to sell your home – quickly, and at a great price – then we’re the right team for you. We have an average selling time of just 18 weeks!
Email us at email@example.com for more information.
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