Property Know

Its that time again and Christmas is drawing near. Even with the increased renovation projects in Sheffield and new property developments on Bramall lane. Property prices in Sheffield have only risen by 0.3% between September to December 2005. Even though there are plenty of properties which have seen no price movement at all and some are even experiencing a price drecrease.

Personally I don’t believe that this is a isolated case. The UK property market has generally slowed down and Sheffield is following suit. The usual Christmas slump is here but overall property prices are generally still increasing in Sheffield. People are still out there in the market looking for properties but as there is less competition for properties during this period, home owners are accepting offers either on or just under the asking price. The first time buyer market in Sheffield is still fairly strong but the family property market has flat lined but should recover during the new year period. However correctly priced properties can and will sell with ease.

• The average property price in Sheffield now is £127,092

• South East Sheffield (S12 and S13) has experienced the greatest over quarterly price increase of 2.3%

• Hillsborough experienced an overall quarterly price decrease of 1.5%

• 4 Bedroom modern houses in Hillsborough have suffered a price decrease of 4.2% this quarter

• South East Sheffield has seen the greatest price increase of 12.9%

• The lowest price increase was 3.7% which was experienced by Dronfield

• 4 Bedroom modern houses in south east Sheffield have seen an annual increase of 17.4% which 3 bedroom modern houses which are at 15%

Source - www.winkworth.co.uk