House prices on the up in valley

editorial image

Yorkshire Building Society research has revealed the Calder Valley’s housing sales have fallen since 2010 but prices have risen for everyone except flat owners.

The research has been published after the society analysed housing trends in the Calder Valley over the past five years to bring together a detailed picture of the local property market as part of a wider assessment of how housing prices and supply have fared in local economies since 2010.

Owners of detached and semi-detached houses have seen the biggest rise in prices with the average sale price increasing by 4.4 per cent and 4.9 per cent respectively. Terraced homes saw a slight rise (0.1 per cent) but flat owners saw a ten per cent fall in the average sale price in that period.

Land Registry data shows that in the last five years in the Calder Valley there have been 6,539 property transactions, compared with 10,104 in the period from 2005 to 2009, although it is in line with regional trends for Yorkshire and the Humber.

Yorkshire Building Society Economist Andrew McPhillips said: “The housing market in the Calder Valley has fared pretty well over the past five years, with price rises for owners of detached, semi-detached and terraced properties. There has, however, been a ten per cent drop in flat prices. The Calder Valley’s prices are significantly higher than the regional average for most types of property and, although there has been a reduction in the number of property transactions, this is largely in line with the regional trend.”