‘Top of the Pops’ for Property Investment
Over the years the historic City of York has been blessed with a wide variety of properties to suit its many diverse inhabitants. From the fine Georgian town houses and Victorian terraces nestling against and within walking distance of its ancient walls, to its leafy suburbs of the pre and post war era. Add to these new developments of riverside apartments and charming nearby villages, low unemployment and above average performance of property values, and York offers buyers plenty of choice and investment opportunities.
Between 1995 and the height of the property market in the summer/autumn of 2007, property prices in York increased by 200% compared with a retail price increase of 40% over the same period. The recent financial crisis affected house prices with an average fall between October 2007 and May 2009 of 16.6% nationally and yet only 14.5% in York. Plus, York has recovered faster than the nation as a whole with property prices in July 2010 being only 5% down from the peak, as opposed to a stubborn 9% nationally.
Yet, why has York managed to resist the buffeting of the slump? Surrounded by glorious countryside and offering good transport connections, schools and a low level of unemployment, York has two excellent universities popular with students and academics alike. A beautiful and historic city of international importance, tourism draws over four million visitors into the city alone every year. Employment is high in the science based and service industries and the vibrant cultural scene all lead to attractive opportunities for investor buyers whose income returns will outstrip those currently available from financial institutions.
So, if you haven’t thought of York as a good investment opportunity, think again. Come and enjoy a warm York welcome and find out more about this great place to live, work and invest.