Experts reveal soaring demand for Ryedale’s rural properties
A leading property specialist has seen clear evidence of the soaring demand for Ryedale’s rural properties with land – helping the area register the highest number of agreed sales across the UK.
Boulton and Cooper said Ryedale showed an increase of 63%in the past six months compared to the same period in 2019 despite the level of supply remaining restricted.
The attraction of countryside locations have been boosted by lockdown demand for increased indoor and outdoor space amid the pandemic and the rise in sales was monitored by the property website Zoopla, between April and September this year.
Historically low interest rates, the short term benefit of the Stamp Duty holiday and strong demand from buyers is also helping the market.
The increase in agreed sales in rural areas over the past six months placed the Ryedale area first (63%) – nearly 40% higher than second place Herefordshire (46%) with Sevenoaks third (44%).
Henry Scott, partner at Boulton and Cooper, said: “In one week we completed the sales on three significant country residences in Ryedale, which have been in the same ownership for a combined total of over 120 years.
“We have also sold a significant amount of family homes and bungalows, in particular, in the Ryedale market towns of Malton, Pickering, Kirkbymoorside and Helmsley where strong buyer competition has helped realise sales in excess of the marketed guide prices.”