Property News: Market Trends and Fast-Moving Areas to Watch
This month’s property market update takes a closer look at recent developments shaping the local housing landscape. We’ll explore how the market has adjusted since the end of the Stamp Duty holiday, highlight current trends in house prices and buyer activity, and spotlight three of the region’s fastest-moving areas—offering valuable insights for both home buyers and investors.
Market Performance: Post-Stamp Duty Momentum Continues
A common question in recent months has been how the property market would respond following the end of the temporary Stamp Duty relief. As predicted, the transition has been smooth—and activity has remained strong.
According to market-wide data from TwentyEA, between 1st April and 1st June:
- 5,913 sales were agreed across the region — up 9% from the same period last year
- The average agreed sale price increased by 5.2%, or just over £12,000
Why Is the Market Still Growing?
Despite challenging headlines in the broader economy, the property market continues to hold steady—driven by several underlying fundamentals:
- Inflation is starting to come under control
- Interest rates are beginning to fall, as expected
- Demand continues to outpace supply, fuelled by population growth and a strong appetite for homeownership
Top 3 Fast-Moving Areas for Buyers and Investors
Based on the latest price growth data and buyer activity, here are three of the fastest-growing areas in the region right now:
1. Wharfe Valley: Horsforth, Rawdon, Yeadon & Kirkstall
The Wharfe Valley area, including Horsforth, Rawdon, Yeadon, and Kirkstall, has seen substantial price growth in the last year.- Horsforth was recently named by The Sunday Times as one of the best places to live in the UK
- Strong school catchments, city connectivity, and lifestyle appeal continue to drive demand
- Price growth across these areas: 11% to 15%
2. Wakefield: WF2 and WF3 Postcodes
The Wakefield market—especially WF2 and WF3—has performed strongly over the past year.- Includes areas like Lofthouse, Tingley, East Ardsley, and Sandal
- More affordable than parts of Leeds, yet still well-connected and full of amenities
- Price growth: Over 10% in many localities
3. East Leeds Corridor: Crossgates, Whitkirk & Garforth
The East Leeds corridor continues to attract buyers and developers alike.- Ongoing investment and new-build activity are pushing values up
- Even established neighbourhoods like Crossgates, Whitkirk, and Garforth are seeing strong movement
- Annual growth: Around 8%
What’s Next for the Market?
With positive economic indicators and continued buyer demand, the outlook remains favourable. If you’re considering a move or investment, now may be a good time to explore your options, especially in high-demand areas like those mentioned above.
