We all know that when searching for a property, estate agents always have the best words to make something that is possibly a negative into something a little more enticing. However, their latest phrase is spot on. “Golden triangle” means properties that are in a great location; close to good schools, good transport links, thriving local economies and stunning homes in stunning locations.
Golden Triangle Areas
The areas of the country where these homes can be found are in Yorkshire, Surrey and the West Country. Investing in a property here, at the moment is a wise choice. In the rest of the UK the housing market is flat or falling, but in these areas the market is growing. This is what is making these areas a sound investment.
Out of these three golden triangles, the most popular seems to be Yorkshire. Many have dubbed this area as Betty’s triangle after the famous tearooms in Yorkshire. A property here means that you are surrounded by the old cobbled town of York, the spas in Harrogate and the busy city of Leeds. Here the property market has not only fought the decline but many of its properties have seen huge increases in value.
Even though there are three areas in the country that have been recognised as high sort after areas it is encouraging knowing that in some places the property market is fighting back. This means more house sales meaning more landlord insurance quotes being taken out. It also helps others such as electrical companies as more energy bills will need to be paid, boosting some areas of the economy.
Reasons for these Areas
Tony Wright is the head of the Northern Division of the estate agents Carter Jonas and he has said, “Over the past 20 years, the golden triangle of the North has become highly affluent.” He carried on to say that this was a result of the growth that has been seen in Leeds recently which he believes is now “one of the largest financial centres outside of London”.
There are many factors that are making Yorkshire very attractive places to own or rent out a property. Some of these are the proximity to Leeds airport, as there are good leisure activities and it is just a two hour train journey to London.
Demand
Many estate agents have said that the properties that have had the highest demand this summer are period properties in market towns that have a lot of character. The most popular areas have been Ilkley, Bramhope and Wetherby. Those who are looking for a bargain a little closer to Leeds are looking in towns such as Nun Monkton, Tockwith and Long Marston.
Jamie Adam from Jackson Stops & Staff has said, “The best homes have performed well during the recession due to their proximity to York, Leeds and Harrogate.
“Buyers’ favourite properties are often Georgian, especially large village houses and old rectories. These tend to be red brick on the York side, and stone towards Harrogate and Leeds reflecting the landscape.”