Peter Illingworth Senior Partner of Peter Illingworth Estate Agents reports, Ryedale continues to attract a diverse range of buyers, thanks to its charming market towns—Malton, Pickering, Kirkbymoorside and Helmsley—alongside picturesque villages. Its proximity to the North York Moors National Park enhances its appeal, particularly for those seeking a balance between rural living and modern conveniences.
Peter Illingworth Estate Agents have noted a sustained demand for homes that offer outdoor spaces, contemporary finishes, energy efficiency, and home office facilities. This reflects a wider trend of people prioritising lifestyle changes and hybrid working arrangements. Ryedale’s strong transport links to York, Leeds, and the coast further add to its desirability for families and professionals alike.
Peter Illingworth considers The Bank of England’s recent interest rate cut from 4.75% to 4.5% marks a positive shift for borrowers. While mortgage rates are still relatively high, they are expected to decrease gradually throughout 2025, encouraging more buyers to enter the market.
Regional Property Trends
On a national scale, house prices have grown modestly, rising by 1.5% over the past year, with forecasts predicting a further 2.5% increase in 2025. Certain regions—including the Midlands, northern England, Scotland, and Wales—are expected to outperform the UK average due to high demand and limited supply.
A Promising Spring Market
Spring is traditionally a busy period for the property market, and 2025 looks to be no different. Longer daylight hours and improved weather conditions make homes more attractive to buyers. Historically, 27% of annual property sales occur in spring, the highest of any season. February and March are considered prime months for listing properties, with two-thirds of homes listed during this period successfully selling.
Final Thoughts
As we move into spring, Ryedale’s property market remains strong, supported by improving economic conditions and the area’s enduring appeal. Peter Illingworth Estate Agents are ready to guide buyers and sellers through this promising market, ensuring they make the most of the opportunities available.
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