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There&#39s gold in those Yorkshire Hotspots

Bradford & Bingley says common sense is creeping back into the housing market.

Its latest statistics show that house prices have slowed, growing by 2.2 per cent over the last six months.

B&B says the market has levelled off, with the average home priced at £144, 838 – up from £141,607 in October.

The statistics show that while the market is cooling in the South and South-east it remains buoyant in the North-east, the West and Midlands.

It describes Yorkshire hotspots Leeds, Ripon and Harrogate as a “golden corridor&#39 which continue to increase in popularity.

Yorkshire continues to outpace the rest of the market, with prices up 15 per cent in the last six months, with an average price of £119, 894.

Its figures show that buyers are taking more time to make purchases with the average time taken to find a home up to ten weeks from seven and a half.

Estate agents general manager Gary Verity says: “Our figures show that the market has levelled following the almost frenzied activity we saw last year.

“Although there are indicators that the market has slowed down slightly in some areas, our findings support the belief that realistically priced homes will continue to sell. Vendors have to become more pragmatic.”


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