As March 29th draws closer, there are some extreme headlines appearing in the press – which we’d encourage you to digest with a generous pinch of salt.
Many newspapers are reporting that as a result of Brexit, the market’s heading into decline. However, those who’ve been keeping a keen eye on the news will know that when focus moves away from London, there’s a contradicting story.
In a recent article about house prices and the impact of Brexit, The Guardian reported, “There are big regional variations. While prices have been falling for some time in London and parts of the south-east, property values are still growing in the Midlands and northern England.
Prices have risen at double-digit rates in Birmingham, Manchester, Leicester, Leeds and Liverpool since the referendum, the property website Zoopla said this week.”
It’s always great to see these headlines because it supports what we’ve been seeing in our region over the past few months.
Notably, in the last 7 days across the Manning Stainton network – 33% more people were out viewing properties, in comparison to the same period in 2018 – a very positive trend.
But what does this mean for you if you’re considering putting your property on the market?
It tells us that confidence in the property market is still strong – despite what the headlines might have you believe. When confidence is high, competition is similarly high and that influences the demand in the market.
Consequently, this fuels price growth and keeps the market running smoothly.
For people considering their options at the moment, it’s an encouraging trend to observe. More people looking for property means that there’s more interest in each home that’s on the market – which is a great thing for anyone thinking about moving.
Pudsey sees the highest levels of activity last week
Pudsey continued to cement its position as one of the emerging areas of Leeds last week - with the number of people viewing properties in the suburb reaching higher levels than any of the other areas in the city.
John Putsman, the Manager of our Pudsey branch, commented, “The market in Pudsey and the surrounding areas is very buoyant because it is a very accessible part of the city offering reasonable commuting distance to the city centres of both Leeds and Bradford with good transport links by road and rail, whilst also having a community feel and a great range of local amenities in each individual area, not just in Pudsey but also nearby Farsley Bramley, Rodley and Calverley.
We are finding that we have the greatest demand from first-time buyers in all of these areas, however, they are also areas which have good schools, attracting families to the area.
Whilst prices have increased significantly in recent years as demand for the area has grown, the Pudsey area does still represent good value for money compared with other areas of the city, especially around the Northern region of the city where prices can be significantly higher.”
If you’re interested in seeing what’s currently on the market in Pudsey, visit our houses and flats for sale in Pudsey page. Similarly, if you’d like any property related advice – visit our Estate Agent in Pudsey page.