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The Yorkshire Property Market

Shhhhh ! Say it very quietly………….move over Cotswolds………more and more buyers are discovering the appeal and beauty of the Yorkshire Wolds!

The office of Yorkshire and Humber Relocation is nestled at the edge of the Yorkshire Wolds. We, therefore consider ourselves to be very lucky to live and work here! This beautiful corner of Yorkshire has long gone under the radar but more and more property buyers are beginning to wake up to our lovely part of the world.

The Yorkshire Wolds comprises 400 square miles of open, rolling landscape, made up of valleys, ancient woodlands, chalk streams and hills, dramatic coastal cliffs, market towns and picture perfect villages. They form an arc, stretching from east of York, south to the Humber Estuary and extending north to the North Sea coast at Flamborough Head, north of Bridlington. Disecting this beautiful part of North and East Yorkshire is the 79-mile Wolds Way walk.

For many, they are more aware of the North York Moors and Yorkshire Dales and as a result they have had a long standing popularity with property buyers. The Wolds, however, has been England’s largest county’s best kept secret, until now! There is little doubt that the already steadily increasing interest in The Yorkshire Wolds has been given extra impetus by the events of the pandemic.

The paintings of world famous artist, David Hockney, who having lived in Bridlington, is synonomous with the area, turned out to be a major marketing tool for the Yorkshire Wolds and have brought the area so vividly to life and into the consciousness of so many people.

As a result, there has been a surge of interest from people from the south of the UK and also from more urban northern locations, looking to purchase principal or holiday homes in the region. Property prices tend to be cheaper than those in the Dales and Moors national parks and combined with the unspoilt landscape and friendly locals, it serves up a heady cocktail that’s hard for property buyers to resist.

With stock levels remaining low, prices continue to be squeezed upwards as demand outstrips supply, and competition from other keen buyers, often from outside of the area, remains high. It is not untypical for buyers to choose to offer more than an asking price simply to secure a property. There are many potential home buyers that have been looking and trying to secure a property for a long time and they can’t bear the thought of not securing their ideal property time and again.

Natural England recently announced that the Yorkshire Wolds is being considered for status as an Area of Outstanding Natural Beauty (AONB). For those of us that are lucky enough, to already live here, we think it should have been awarded this accolade a long time ago! Such a title will only serve to further enhance the reputation of the Yorkshire Wolds and further increase interest and demand from those wishing to locate themselves here.

If you are thinking of buying property in Yorkshire, Yorkshire & Humber Relocation can help. For a free, no obligation chat about your search, just drop us a line and we’ll be happy to help.

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Opinion

In the ongoing war for talent, should you be using an active employee relocation policy as part of your recruitment and attraction strategy?

Have you ever stopped to consider, that by supporting your employees to relocate to an area where they want to live and work, you will, in turn, be helping your company’s attraction and retention rates?

It feels like we have been talking about the ‘war for talent’ for years and it feels that right now these words have never felt more apt. As we emerge, blinking, out of the long shadows of the pandemic, many companies throughout the growing Humber region are struggling to attract and retain the right quantity and calibre of employees. An age old problem you might say. Well yes, but for some, particularly those in growth mode, it is more acute than ever.

Competition for the best talent is fierce and it’s up to organisations across Hull and the Humber to use every tool they can to make themselves an employer of choice, in a candidate driven jobs market. Whatever employers can offer potential employees, to attract them to come and work in our region is more important than ever.

To stand out in a crowded jobs market, one thing that companies should ensure that they have, is a robust and attractive, internal mobility strategy, which allows employees to progress in their careers without having to leave, to work for another organisation. Such mobility programmes should allow an employee to relocate seamlessly to another work location in order to take advantage of the opportunities in that location. Developing and implementing such a ‘’mobility culture” will need organisational leaders to embrace a policy of encouraging more pro-active internal movement of staff.

Retention of Gen Z & millennial workers can be particularly problematic. Many, simply move on to a new role, without so much as a backward glance, citing a lack of career development and opportunities to move internally within their organisation. The pressures of replacing staff on a regular basis is causing many companies to re-evaluate their career mobility options, in a bid to help retain this element of the working population and attract new ones at the same time.

HR teams have always had their own methods of identifying talent, already present within a company, but developing a culture, whereby employees are actively encouraged to seek new opportunities within, supported by a clear mobility policy, will go some way to reducing turnover and ongoing recruitment costs. Internal mobility can be a great tool for retaining talent and also for enhancing your company brand to job seekers that are keen to work for a company with a supportive and progressive attitude.

With the new patterns of remote and hybrid working likely to remain for many companies and their employees, there is a real justification for HR and mobility professionals to ensure that employee relocation support is included as a basic employee benefit. In today’s world, employees are attracted not only by salaries but more and more by flexible working models, being able to have some say over the location of their work and some relishing the opportunity to relocate to new locations and work at their companies other sites, whilst embracing a new culture and lifestyle. For companies with the right employee mobility policies as an integral part of an overall attraction and retention strategy, we are seeing that this is definitely helping them to attract new staff and reduce staff turnover. For those companies that don’t, their challenge remains very real and is unlikely to abate.

Yorkshire & Humber Relocation can help. Please contact us to discuss your employee mobility policies and strategy.