Well,
it doesn’t seem like two minutes ago that it was Christmas – and now it’s all
over! One cold December morning, after arranging the office’s Christmas cards I
thought I would nip out for a quick festive coffee and over-priced mince pie at
my favourite local coffee shop Coffe evolution. I met
an old client of mine in the coffee shop and we got talking about the Huddersfield
property market. I had just completed my research for my next blog article and I
would like to share with you the parts of the conversation relating to the Huddersfield
property market.
He asked me what my thoughts were about the last half of
the year in regard to the Huddersfield property market and if there were any
great buy to let deals around. In reply I said that, in my view, shrugging off the
uncertainty of the initial post Brexit vote, I have seen an increase in supply
and a rise in the number of properties selling at the lower to middle end of
the market, meaning both first time buyers and buy to let landlords have been
returning in the last few months – proof the market is beginning to bounce
back.
So let’s look at the numbers ..
In November 2016, according to the three main property portals
(Rightmove, Zoopla and OnTheMarket) there were a total of 760 properties for
sale in Huddersfield (within 2 miles of the centre of Huddersfield to be
exact). In November 2015, there were only 726 properties for sale, a rise of 5%.
When I split it down into bedrooms (note things like building
plots and part commercial/part residential etc won’t be in these figures so the
numbers below wont exactly match up to those in the above paragraph).
|
# Properties on the market in Nov 2015
|
# Properties on the market in Nov 2016
|
Per cent Change
|
5+ Bedrooms
|
56
|
51
|
-9%
|
4 Bedrooms
|
97
|
93
|
-4%
|
3 Bedrooms
|
237
|
242
|
+2%
|
2 Bedrooms
|
269
|
280
|
+4%
|
1 Bedroom
|
57
|
74
|
+30%
|
.. and when I looked at type of properties .. it got even more interesting
Type of Property
|
# Properties on the market in Nov 2015
|
# Properties on the market in Nov 2016
|
Per cent Change
|
Detached
|
136
|
144
|
+6%
|
Semi
|
235
|
211
|
-10%
|
Terraced
|
207
|
265
|
+28%
|
Flat
|
72
|
110
|
+53%
|
As the number of Huddersfield properties put up
for sale has risen by 5%, homeowners have become more realistic about how much
their homes are worth. This increase in homeowners wanting to sell suggests
there is renewed confidence in the Huddersfield property market and there are
also signs that people are being more realistic about pricing their property.
As you can see, there has been an uplift in flats and semi-detached
properties, which means there is greater choice for first time buyers and
landlords. So with a combination of realistic pricing and more properties on
the market – both first time buyers and landlords alike might be able to pick
up a few bargains!
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