As new research shows that house price recovery is strongest in the north of the country, Belvoir Sheffield is advising that now is the right time to buy.
The new figures released this week, revealed that of the 326 local authority districts in England, house prices have surpassed their 2008 peak in 71 of those recorded.
Rick Flay, Director at Belvoir Sheffield, said: “These latest figures demonstrate that in the north of England, house prices are now on the rise. Although mortgage availability still has some way to go, now is a fantastic time to buy for investors or buyers who can get credit.”
According to the new research, there is substantial regional variation in the performance of housing markets. Across London, the South East and East of England house prices have surpassed their 2008 peak in 48% of local authorities. Outside of these regions house price growth has been strongest in more affluent areas.
Rick Flay, whose agency offers a wide range houses to buy in Sheffield said: “It was interesting to read that there are only five local authorities across the whole of the North East, Yorkshire and the Humber, North West, East Midlands, West Midlands and South West where house prices have surpassed 2008 levels, and Sheffield was one of those areas mentioned.
” These latest increases are a positive sign of recovery, and I would certainly advise those seeking to sell their properties to get in touch with us for the very best advice.”
Belvoir Sheffield is the One Stop Shop Specialists for residential property, for buying and selling, for lettings including property management, investment, and wealth management advice, fit outs and renovations, mortgages and conveyancing.
Belvoir Sheffield was the winner of the Belvoir Franchise of the Year Award for 2013.
For more information on Belvoir Sheffield, please call lettings on 0114 25 25 215 or sales on 0114 331 0033, or email us at sheffield@belvoirlettings.com
