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Wakefield Property Market – Is it booming?

We decided to take a look at the current Wakefield property market, since we’re now midway into lock-down 2.0, just to see if the market is indeed booming or if the property market has slowed down.

Wakefield – Estate Agents!

It’s a sure bet to say that the property market in Wakefield is booming! There is still a large number of viewings taking place all over the WF postcode, in fact in some areas they have reportedly doubled year-on-year, offers being submitted on properties are being made left, right and centre, in some case's estate agents have stated some offers have considerably above the asking price.

This will of no doubt of been caused due to the initial lock-down when viewings could not take place as once could, the cut in interest rates and stamp duty holiday has also played a part in restarting the property market moving again.

After all Wakefield is a place to purchase an affordable property, offering excellent transport links up and down the country. It’s the ideal place for investors, professionals, and families.

New Build Developments

A number of new build developments have sprung up across Wakefield this year mainly in Durkar and around Holmecroft. These properties along with with properties up to the value of £400,000 have seen the sharpest rise in popularity in Wakefield, more than those of £400,000+.

Wakefield – Rental Market

Wakefield doesn’t differ from most of the UK in that demand outshines property available, so great rental prices in Wakefield can be achieved, if marketed correctly – Something here at Peregrine Property we pride ourselves in doing.

Peregrine Property – Wakefield

Whatever your reason for looking into the Wakefield property market, buyer, seller, landlord or indeed looking to rent, we’re the professional, friendly, local estate agents for you.

If you have any questions you can contact us via our online forms or by calling us direct, we’re more than happy to answer any questions you may have on the Wakefield property market.

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