Market Reports
August 29, 2024
Regional Property Market Update Spring 2021: North East, Yorkshire and The Humber
Average annual price growth in the North East (8.3%) and in Yorkshire and the Humber (9.7%) is higher than the UK average. In eleven areas the annual rate of price growth currently exceeds 7.5%.
Although Rightmove report that average asking prices fell by 2.2% month on month in each region in January, properties are selling more quickly than a year ago.
Annual price growth has strengthened across the UK in recent months
![Spring 2021 property maket update - North East England regional table](https://static.propertylogic.net/blog/1454924560/spring_2021_property_maket_update_-_north_east_england_regional_table.png)
Most active housing markets across the North East and Yorkshire region
Average property prices in the North East and Yorkshire and the Humber are more expensive than a year ago and activity across the market is robust. On average 3.5% of private properties are sold each year, with turnover in Selby more than 4%. Over 12,300 new homes were registered for sale during 2020, and nationally registrations have been on an upward trend since September.
First-time buyers were particularly affected by the closed housing market and the stricter mortgage lending that followed. However, buyer numbers have recovered steadily, with transactions just 2% lower year on year during the final six months of 2020 (UK Finance). The number of High Loan-to-Value (LTV) mortgage products has also increased, Moneyfacts reporting there were 169 products available at 90% LTV in January, over double the number available back in July. Lending rates remain low, the average mortgage rate the lowest in history.
![Spring 2021 property maket update - North East England region house prices](https://static.propertylogic.net/blog/1454924560/spring_2021_property_maket_update_-_north_east_england_region_house_prices.png)
![VIEW THE FULL NORTH EAST REGIONAL REPORT](https://static.propertylogic.net/blog/1454924560/view_the_full_north_east_regional_report.png)
Properties for sale in the North East and Yorkshire region
![Durham pretty stone terraced houses with gardens](https://static.propertylogic.net/blog/1454924560/durham_pretty_stone_terraced_houses_with_gardens.jpg)
This beautifully presented, stone-built family home has accommodation set over three floors, with two reception rooms, a breakfast-kitchen, three bedrooms, a bathroom and a WC. Close to the centre of a highly sought-after village, this charming home also benefits from a lawned front garden and rear courtyard.
![West Yorkshire stone built charming village cottage with blue door.](https://static.propertylogic.net/blog/1454924560/west_yorkshire_stone_built_charming_village_cottage_with_blue_door.jpg)
Originally two cottages, this detached period stone cottage has been skilfully converted and extended to provide a spacious five-bedroom family home with an open-plan kitchen and diner and two generous reception rooms with charm and character throughout. The home further benefits from a single garage and south-facing gardens.
![Yorkshire pretty brick built country farmhouse England.jpg](https://static.propertylogic.net/blog/1454924560/yorkshire_pretty_brick_built_country_farmhouse_england.jpg)
This well-presented country cottage is situated in the popular village of Seaton Ross and features four double bedrooms including one with an en suite, four reception rooms and a breakfast-kitchen. The property offers a myriad of character features such as beamed ceilings, slate floors and exposed brickwork. To the front there is ample parking and access to a beautiful garden.
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