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Estate agents hopeful over 2013 house sales
ESTATE agents in York and North Yorkshire have reported a very promising start to 2013 and predicted a steady year in the housing market.
Stephensons, which has offices in York, Boroughbridge, Selby and Easingwold, last weekend reported its busiest Saturday in York since 2007, with two offers and a sale in the first 20 minutes of opening.
Experts have said business in the area is expected to remain steady with house prices static or rising slightly in York as buyer confidence begins to rise. Nick Kay, a partner at Stephensons, said: “The outlook for the first ten days of this year has been very positive indeed in terms of how the market seems to have come back to life.
“December was a very slow time and we always look to see how January will start to get an idea of what will happen in the year.
“We have had a huge number of viewings and have received offers in all areas of the market.
“In terms of how the year will pan out, I think prices will be fairly static although there may be small increases in the market in York.”
Peter Docwra, partner at Ashtons, said the letting side of the business “has never been better” with people feeling less urgency to buy.
On the sales market, he said: “It will probably be similar to last year but a bit better. It looks good so far. We have got very good predictions for the year, probably five per cent above last year in terms of prices.”
Ben Hudson, managing partner of Hudson Moody, said: “I don’t think it will go back to boom times and I rather hope it doesn’t. I want a steady year in terms of confidence.
“The fact is, we are in a very stable area and York keeps being quoted as one of the best areas in the country for buyers.
“We are short of houses as we have not been building houses in any great numbers.
“That is going to push up prices. We’re expecting a relatively good year.”
Kevin Hollinrake, managing director of Hunters, said the 2013 outlook was “a little more promising”.
“First-time buyers can once again borrow over 90 per cent of the purchase price of a home and rates for this are below four per cent for the first time since 2008,” Mr Hollinrake said.