Regional Property Market Update Summer 2021: North East, and Yorkshire and the Humber

2021 is set to be one of the busiest sales years in over a decade
Agents report the sales to stock ratios across the North East, and Yorkshire and the Humber are at a record high (RICS). At 3.5%, the annual rate of housing stock turnover across the North East, and Yorkshire and the Humber is above the UK average. The most active markets are currently Ryedale and Selby.
 

 
Price growth strengthens
Although new instructions to the market have improved slightly in recent weeks, demand continues to outpace supply, placing sustained pressure on prices. Month-on-month average property prices are rising in all regions of the UK. Year-on-year price growth across the North East, and Yorkshire and the Humber is substantially stronger than the 2.9% recorded this time a year ago (UKHPI). Double-digit annual price growth is evident in two-thirds of areas in the region.

 
A seller’s market
Market activity is fast-paced. According to Rightmove, the average time taken to sell a property in the North East, and Yorkshire and the Humber is 42 days. The proportion of properties selling within their first week of listing is at a record high (Zoopla) and the average time taken to sell a property in the UK is nearly three weeks quicker than in April 2019 (Rightmove). Lifestyle change continues to drive demand, buyers also aided by the extension of elements of tax relief and the new 95% government-backed mortgage guarantee scheme, available on either new or resale properties.
 

 
Properties for sale in the North East, and Yorkshire and the Humber region of the UK
Rothwell, Leeds, 6 bedrooms

Occupying a fantastic 0.5-acre plot with the potential for future development is this extremely spacious Victorian house. The property has been updated to respect the heart and character of this magnificent home, merging charming features with contemporary details to create a beautifully presented property. The plot enjoys a mature rear garden with lawn areas, patio seating areas, a Koi Carp fishpond, and views over open fields in all directions.
Moss, Doncaster, 4 bedrooms

A modern detached, individually built house, with a gabled front elevation, stone sills and headers under a pantile roof. This property features a beautiful kitchen with bespoke Clive Christian units, fitted to the highest specification and standards, whilst the bathrooms feature Porcelanosa suites. There are landscaped garden areas and a paddock to the rear, perfect for those with equestrian interests. A substantial range of brick-built outbuildings comprises a detached games room, stables, and gymnasium. 
Ponteland, Newcastle-upon-Tyne, 5 bedrooms

This stunning five-bedroom house has been renovated by the present owners, sparing no expense, to create a modern and spacious family home. Set in mature gardens extending to 0.3 acres, the property offers flexible arrangements with ample living space including an open-plan living area, two further reception rooms and generous bedrooms to the first floor. To the rear of the property is an extensive open-plan living area with a fully-fitted kitchen and two large patio doors leading to the rear gardens.
Contact us
Take advantage of the seller’s market this summer with the best agent in your area. Contact your local Guild Member today.
 

 

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Jodie Skinner

From the beginning, our experience with Michael and Rhys has been brilliant. Whenever we had a question to ask or needed some additional information, they were both just a phone call away and were always happy to provide us with an answer. As first time buyers, they made us feel ...

Sue Smith

We can’t fault Aston and co in Syston, for their handling of the sale of our property. We were kept up to date weekly and nothing was too much trouble. Both Micheal and Rhys were approachable and very professional. I would definitely recommend using them for an efficient and hassle ...

Andy

Having had issues with other agents, we came to Astons who gave us an honest appraisal of our house – not overpricing it like others to gain business. Michael and Rhys are a great partnership and Rhys being local was able to provide viewers with information that other agents hadn’t. ...

Andy Freer

Recently sold our house with Aston & Co. We honestly could not have asked for more. From the moment Michael came to value the house, to the day to day communication from Rhys we have not had to chase them once. Michael and Rhys are a great partnership and a ...

V Pears

We chose Aston & Co in Syston to handle the sale of our property. We were kept up to date regularly and Michael and Rhys dealt with all matters efficiently and quickly.We would definitely recommend using them for an efficient and hassle-free move.

Gareth Mueller

We bought a house from a vendor who used Astons & Co as their agent. Rhys was helpful and professional from start to finish and regularly kept us in the loop with how things were progressing. Communication was efficient and swift all the way through.

Julie Pearson

From the first visit to value our property to the final phone call informing us of completion Rhys and Michael at the Syston office have been brilliant, down to earth, realistic with valuation very easy to get in touch with.Making everything less stressful.Regular updates were very reassuring . I would ...

Charlotte Hings

The team at Astons are great. They’re really down to earth, take time to listen and help resolve anything they can for you.Their communication is excellent as they always keep you in the loop with what is happening with your sale. They keep both seller and purchaser happy.Fees are reasonable ...

Julie Perkins

We have recently used Aston & Co to sell our property. At all times we received regular reports from them on interest and following viewings . When our property sold Astons managed the chain keeping all parties fully informed and I believe that without their input our sale would have ...

Tina Poole

Michael and Rhys handled both our sale and purchases. They had good local knowledge, their valuation turned out to be on point. Our sale viewings were nearly all on the same day and we accepted an offer very quickly. We were kept up to date regularly with that and our ...

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