Last year we were sceptical about whether the Council would sell semi’s on its Lowfield development for £295,000.
However, even in Selby – North Yorkshires traditional cheap housing location – prices are now rising by 23% a year.
The average house price nationally has reached £333,000.
So it looks like the Lowfields pricing strategy may not be far off the mark.
We expect the Council to publish an update on how many of the Lowfields homes have now found a purchaser?
Of course, for many, such prices are far beyond what is affordable.
While demand continues to exceed supply, so prices will rise.
Hopefully other, less controversial, developments will now get going. Progress on the Sugar Beet site and at the Barbican would be particularly welcome.
In the meantime, complaints continue to be raised about the impact of the Lowfields development on neighbours.
One, at least, is complaining that the dust raised on the site is affecting their health.
That is something that the Council and their contractors need to address.