Driffield number one in Yorkshire house price growth

Driffield has been ranked as the eighth highest place in the UK and the number one in Yorkshire for property price growth in 2018.

This is a result of recent research by online property company Zoopla.

The average price of a property in Driffield is £209,406, a 6.93 per cent increase on 2017.

This increase is almost seven times the national average which stands at just 1.03 per cent. 2018’s findings may be as a result of the abundance of new developments in the Capital of the Wolds, including Heartlands on Spellowgate.

The news came as very little surprise to Mark Woolley, Managing Director of Woolley & Parks Estate Agents. “As the leading agent for sales in Driffield, during 2018 we have seen a huge surge in demand for homes, especially from out-of-town family buyers and indeed our average house price at exchange has leapt from £178,297 in 2017 to £191,417 in 2018, a 7.36 per cent increase,” he told the Wolds Weekly.

“Back in September 2015, Driffield was placed 19th in the UK and judged first in Yorkshire as the best place to raise a family.

“Since then, the town has continued to develop and flourish and is worthy of its Capital of the Wolds title.

“We have already seen a steady increase in the building of new homes in the town this year with many more still to come in 2019 and this is great news for Driffield.

“Attracting new buyers to the town will be a catalyst for further improvements to the thriving high street, schools and recreation facilities as well as providing much needed affordable homes for local people.

“The accessibility of cities such as York, Leeds and Hull by road and rail means that employment is readily accessible, but Driffield remains more affordable from a housing point of view and a great place to raise a family.

“Buyer activity in 2018 has been very strong, however the supply of properties coming onto the market has not really increased year on year and therefore the economic forces of supply and demand have helped drive some of this house price growth.

“Even with Brexit around the corner and uncertainty in the housing market in southern areas of the UK, we are seeing absolutely no negative effect on the local property market, quite the opposite and we strongly believe house prices and demand will continue to rise in 2019 in the area.”