Here are the 10 most viewed Sheffield properties on Zoopla in August UK News

Prices are now around 13% higher than at the start of the pandemic and in Sheffield some houses are selling for £ 30,000 above asking price.

Last month’s rebound surprised pundits who believed the cut in stamp duty relief in England at the end of June would take some of the heat off the market.

But the monthly price increase in the National Home Price Index was 2.1%, the second largest monthly gain in 15 years after the 2.3% monthly increase in April.

Analysts say the strength may reflect strong demand from those buying property between £ 125,000 and £ 250,000 looking to take advantage of the stamp duty holiday that lasts until the end of September.

But the maximum savings are less than £ 2,500 compared to £ 15,000 for a property valued at £ 500,000 before the stamp duty holiday begins.

Sheffield agents all say the lack of supplies is a factor in the city’s booming market.

Zoopla’s top 10 includes a variety of properties, with semi-detached and end decks all proving to be popular. The two, three and four bedroom homes all have a bungalow and a townhouse.

Experts now predict that demand will remain high although in the longer term is more difficult to predict.

Robert Gardner, Nationwide Chief Economist, said: “Underlying demand is expected to remain strong in the near term. Consumer confidence has rebounded in recent months as borrowing costs remain low.

“This, combined with the lack of supply in the market, suggests continued support for house prices.

“But, as we look towards the end of the year, the outlook is more difficult to predict.

“Activity will almost inevitably soften for a period after the stamp duty holiday expires at the end of September, given the incentive for people to advance their purchases to avoid the additional tax.

“In addition, underlying demand is expected to weaken early in the year if unemployment rises, as most analysts predict, when government support programs end.

“But even that is far from certain. The labor market has remained remarkably resilient to this day and, although it is weakening, it is possible that changes in housing preferences following the pandemic will continue to support activity for some time. Again. “

He added that the analysis suggested that energy efficiency had only a modest influence on home prices for owner occupiers, where an impact is only really evident for the best and worst efficiency ratings. energetic.

So a more energy efficient property – rated A or B – attracts a modest 1.7% premium over a similar property rated D – the most common rating.

Mr. Gardner said, “The value people place on energy efficiency is likely to change over time, especially if the government takes action to encourage greater energy efficiency. “

Here are the top 10 most viewed properties in Zoopla in August.

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