House prices have surged in many parts of the UK - and in one district they have risen by 29% in a year.
All this has occurred during a pandemic, when the country has endured months of lockdowns and the loss of lives.The pandemic accelerated a shift towards remote working, and has meant big savings for some parts of society. If you add in to the picture government support through stamp duty holidays, as well as historically low mortgage rates, you have a rapid increase in the number of buyers.
Many more homes are sold in London. The average house price of £700,000 in the Richmond down south is two-and-a-half times higher than in the Yorkshire district of much the same name. However, house prices in Richmond-upon-Thames have risen by less than 1%, in the last year compared with 29% in Richmondshire.
Angie Dale is the independent leader of Richmondshire District Council, and the mother of Robert - a 20-year-old dad hoping to get his own place. "Why wouldn't you want to come to Richmondshire? It is absolutely beautiful. You are welcome here so long as you are investing and supporting the local economy," she says.
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