V I Ramping In York

[The Ayatollah Buggeri]

York Evening Press:

Edward Waterson, a partner in the York office of Carter Jonas and regional spokesman for the Royal Institution of Chartered Surveyors, also painted a mixed picture. He said York city centre was one of the "brightest hotspots in the country" due to increasing numbers of people choosing to move into cities.

"There is a trend to move into cities, which gets stronger every time we have a cold winter, and in central York prices are probably as high as they were three years ago," he said.

Mr Waterson said buy-to-let was also becoming increasingly attractive because of low interest rates for savers combined with rising rents

No doubt there'll be a glossy Carter Jonas leaflet in this evening's copy of the paper...

Edited January 6, 2011 by The Ayatollah Buggeri

[spyguy]

http://www.yorkpress.co.uk/news/8774526.Estate_agents____fears_for_first_time_buyers_as_rental_costs_rise/

Not a bullish article.

The comment about FTBs pushing up rents is pure BS.

“We would like to introduce an air or realism to both vendors and purchasers, because we have lost a number of sales recently where both parties simply refused to budge on price. If both would be a little more realistic that would help everybody.”

Ahh, that commision based busines model is starting to fail. All that effort + expense for a grand total of 0p.

Has Kevin Hollinrake flogged Crayge Castle yet?

Nope.

Ooh goold old Zoopla, shows a estimate value of 1.5M less than the advertised place.

[zebbedee]

"There is a trend to move into cities, which gets stronger every time we have a cold winter, and in central York prices are probably as high as they were three years ago," he said.

which could explain this graph for properties available for sale in York (2 or more beds, houses only, £70-170k).

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