Hear Ye, Hear Ye: House Price Crash Warning but North East and Yorkshire are Unaffected

The Telegraph report that “asset prices around the world are collapsing as the global economy slows and UK housing will not escape”.

What does this mean to Investors who are looking at properties in the North East and Yorkshire and wondering what will happen to house prices there… the answer is, in general, very little.

The reason, is that (apart from some regional anomalies) we have not even come close to recovering from the peak of the market in 2007.

The house prices we are selling are more reflective of 2002-2004 levels (12/14 years ago!) – so yet again the London-Centric media is creating problems for regions outside of our capital. What they should be headlining is a London & South East/West Price Crash…

In another article today in the Telegraph (clearly written by someone with minimal knowledge of property) stated.. “The highest (yields) in the country stand at less than 8pc.”

Considering the average yield on properties which we recommend to our clients comes in at 10.4{ac96221eddb73f5a042122d66898025c458383bc87e553afe80c5e160c5b9dab} – predominantly North East stock – I am not sure where this “highest yield” information comes from. Lazy reporting.

So, if you are interested in high yielding properties, which WILL be unaffected by a “house crash” (London Crash) – then we would very much look forward to hearing from you.

To contact us, email callum.conroy@castledene.co.uk or call 0800 0149 940.