Prices rise as city’s property market thrives
A sales and lettings specialist says York’s property prices are currently outperforming most of England and Wales.
Linley and Simpson added the popularity of York as a place to make a home continues to soar with house prices having risen by 25% in the last five years.
The business said it had seen a “subtle summer bounce” with sales levels in August 0.9% higher than a year earlier, according to HMRC.
Mark Sheridan, senior branch manager at Linley and Simpson’s York branch, said: “We’ve had a record number of lets and sales agreed in the first three quarters of the year and this increased activity demonstrates our sizeable York City Centre team are working tirelessly to ensure further success as the year goes on.”
Mark Christopher, head of sales, added: “Average property values by property type over the last 12 months in York are currently outperforming Yorkshire, England and Wales.
“We believe that the quality of new apartment developments in the York market, such as Hungate – a scheme of 1,025 stylish, modern apartments – are contributing to the premium values that the York market enjoys.”
Linley and Simpson has helped more than 1,340 people move home this year.
The business is also continuing to build its relationship with Martin House, having supported the charity for the past five years through fundraising and volunteering events. It recently handed over £20,000 to the charity after a record year of fundraising.
The company’s latest charity venture has involved partnering with Macmillan, where it has pledged to donate £100 from every house sold to the charity until January 2020.
