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31st January 2020

Higher demand, increased property prices as Redbrik hits the ground running in 2020

We’re excited at the latest figures which showed Sheffield to be among the cities which have recorded the largest increase in demand for housing over the first four weeks of 2020.

The figures, released by the Zoopla UK Cities House Price Index, show the demand ‘bounce’ in Sheffield to be more than 20 per cent above the national 20 city average increase.

The latest statistics mirror predictions that northern cities will benefit most from an above national average increase in house prices this year, as reported recently by Estate Agent Today and our directors.

It signals an exciting time for property in the Sheffield City Region and the surrounding areas, as we come to the end of the busiest January we have had since we were formed in 2013.

The increase in demand, as the Zoopla report says, is expected to lead to an increase in sales volume rather than even faster price growth – with prices in Sheffield and Chesterfield already expected to be well above the national average in 2020.

Redbrik Managing Director Mark Ross said: “The first few weeks of 2020 have been extremely busy for us here at Redbrik – it’s clear that the property sector across Sheffield and surrounding areas is booming.

“The latest figures released by Zoopla are positive but not surprising – we expected this to be the case, having predicted recently that a ‘window of certainty’ following the December General Election result, coupled with pent-up buying demand and low stock levels, would lead to a flurry of activity amongst movers.

“After such a great start to the year, we can’t wait to see what 2020 has in store for the property industry across the UK.”

Photo by Benjamin Elliott on Unsplash