GETTING TO KNOW THE MARKET
Mark Carling, Tom Exley and Declan Bullock
with Carling Jones Estate Agents.
With a prime office in the middle of Skipton High Street, Carling Jones Estate Agents specialise in selling and renting residential property throughout the Craven area.
This month, Aspire caught up with company directors Mark Carling and Tom Exley to ask a few burning questions about the housing market…
What is the local property market like at the moment?
Prices have been stable in Skipton and the surrounding villages over the past 12 months, unlike London and the South East where prices have been dropping. There is still a shortage of houses coming to the market in Craven, however there are plenty of people looking to buy.
Where is the housing market hot?
Skipton really does seem to be in a little bubble at the moment and we get lots of enquiries from people who want to live within a 15 minute walk of Skipton High Street. We believe this is because in 2019 people want to have the convenience of being able to the High Street shops, as well being close to all of the pubs bars and restaurants that Skipton has to offer. Obviously the excellent primary schooling in the town also plays a part in its appeal to young families.
How is the rental market?
The rental market is very strong at the moment, with a good level of demand from potential tenants throughout the Craven area. We are seeing rents rising at the moment, which we believe is fuelled by increased costs being placed on Landlords for the rental process along with changes to tax rules and increased stamp duty costs for purchases.
Where is good to invest?
Skipton is a great town for investing in residential property and there is no shortage of tenants. The Middletown area provides the perfect type of housing stock for property investors, and it is popular with tenants as it is handy for town, the train and bus station and the rents are generally still affordable. Nearby Barnoldswick we think is worth considering - it is an improving town where you can still buy a terraced house for under £100,000 and demand for rented properties is still high. Capital growth is unlikely to match Skipton however the rental yields are far more attractive for many investors.
For further information contact Mark or Tom on 01756 799163
or visit www.carlingjones.co.uk.
You can also search for Carling Jones on Facebook.