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28th February 2020

‘Strong period’ for Sheffield property market to continue after housing supply growth

A strong period for the property market in Sheffield is to continue, says our Managing Director, Mark Ross.

“We’re excited for the thriving market for both buyers and sellers to continue locally after a busy start to the year’ said Mark, who co-founded Redbrik in 2013.

“Demand continues to outstrip supply both regionally and nationally – something homeowners have taken advantage of particularly in Sheffield where we have seen a sharp increase in supply, compared to many other cities.”

Mark’s comments come after Zoopla’s UK Cities House Price Index for January 2020 was published showing an 11 per cent growth in housing supply in the region.

He suggested: “This is good news for the market and makes for promising conditions for consumers, so I’d urge any would-be sellers to seek expert advice on how best they can come to market at this exciting time.”

“We’re eager to see the impact that a combination of increased demand, supply and prices will have on the market in the region.”

The figures back up Mark’s comments with an increase in housing demand of 20 per cent in Sheffield, recorded over the first four weeks of 2020 and UK city house price growth remaining strong at +3.9 per cent over the same period.

If you have a question for our expert team, especially given the significance of recent increases in prices, supply and demand, get in touch with the Redbrik team.