Harrogate is one of the top property hotspots in the UK

by Jonny Stevens on 12th December 2018

The spa town of Harrogate is currently the hottest property market in Yorkshire, and one of the hottest markets in the UK, with house sales up a fifth (19.9%) in 2018, according to our research.

Housesimple looked at the most up-to-date Land Registry data* on monthly property sales since the start of 2018 and compared total sales in Q2 with Q1. Harrogate has seen the biggest rise in sales during these two quarters than any other major town and city in Yorkshire.

Across the entire Yorkshire & the Humber region**, property sales were up 11.1% comparing Q2 vs Q1 2018 - that’s almost x4 higher than the increase in completed sales across the north of England (3%) as a whole.

At the county level, property sales were up across all counties, with total sales rising 24.4% in East Riding of Yorkshire in Q2 vs Q1, and up 15.5% in North Yorkshire. The following table shows the percentage increase in sales across Yorkshire.

County/REGION

% increase in total properties sold Q2 vs Q1 2018

East Riding of Yorkshire

24.2%

North Yorkshire

15.5%

South Yorkshire

10.5%

West Yorkshire

7.0%

YORKSHIRE & THE HUMBER

11.1%

At the town and city level, three out of the top four towns for property sales in 2018 were in the county of South Yorkshire. Doncaster (17.0%), Rotherham (14.7%) and Barnsley (14.0%) all registered double-digit growth in completed sales in Q2 vs Q1 2018. While, completed property sales in Leeds, the largest city in Yorkshire by population, were up 5.0% in Q2 vs Q1.

The following table shows increase/decrease in completed property sales in major Yorkshire towns and cities, comparing Q2 with Q1 2018. The data is ranked highest to lowest.

Town/City

County

% increase/(decrease) in total properties sold Q2 vs Q1 2018

Harrogate

North Yorkshire

19.9%

Doncaster

South Yorkshire

17.0%

Rotherham

South Yorkshire

14.7%

Barnsley

South Yorkshire

14.0%

Middlesbrough

North Yorkshire

12.7%

Wakefield

West Yorkshire

12.2%

Halifax

West Yorkshire

8.8%

Hull

East Riding of Yorkshire

8.6%

Huddersfield

West Yorkshire

6.7%

Leeds

West Yorkshire

5.0%

Scarborough

North Yorkshire

1.2%

Bradford

West Yorkshire

-0.4%

Sheffield

South Yorkshire

-1.6%

York

North Yorkshire

-2.3%

Sam Mitchell, CEO of online estate agents Housesimple.com, comments:

“Yorkshire typifies how the landscape of the UK property market has been turned on its head in 2018. While the south of the country has caught a cold, the north is witnessing a mini housing boom. And Yorkshire is the shining light in the north with affordable property and strong local economies driving a healthy level of sales. 

“First-time buyer interest is strong in the area, with initiatives such as Help to Buy and the freeze on stamp duty helping to make the first step onto the property ladder more achievable. We also expect to see more buy-to-let landlords investing in the north next year. Rental yields more attractive than in the south, and in the face of the punitive tax regime brought in by the current government, landlords are looking for higher yields rather than hiking rents. We should see cities such as Leeds and Sheffield, which have large student populations, benefitting from this landlord migration.”

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