It’s clear that York is a perfect location for home buyers and buy-to-let investors, alike. The city is a desirable and affordable place to live and to invest in property. It has strong, growing industries in finance, I.T., tourism, health and education and sciences and the city is jam packed with history, culture and beautiful architecture.
Centrally located between the two capital cities of London and Edinburgh, it also has excellent transport links throughout the rest of the country. It’s therefore no surprise that demand in the City of York continues at a pace. Having the fastest property market in Yorkshire, also means that York remains the easiest location in Yorkshire to sell a property. Homes, on average, are on the market for just 70 days.
Anywhere within the city ring road can provide good opportunities to live and invest. Areas such as the South Bank and Holgate have good properties with easy access to the city centre and York Railway Station, so good for those working within York and commuting elsewhere. Areas near York St John University and York Hospital, such as Clifton and Heworth are popular with Academics and Doctors.
There is currently significant demand for 2 bedroom properties in the city, renting between £700 – £900 pcm. These sorts of properties will appeal to a wide variety of tenants, such as professional sharers, small families, academics and doctors. With such a variety of potential professional tenants needing somewhere to live and ongoing low mortgage interest rates, this is still a very good time to invest in property in the city. Overall the market is thriving!
Lettings and sales agents continue to report high levels of enquiries and competition for the best properties. It therefore makes sense that if you are serious about purchasing a property, using the services of a property finder like Vantage Property Finders, working in your best interests, it will give you the upper hand when competing for the best properties.
With properties in the city selling well, house prices steadily increasing across all areas and the city seemingly set for steady growth, whether you want to live or invest in York, we advise you not to hang around. Get in touch at Vantage Property Finders.