Sheffield house prices

[stephen 7]

Hi i remember buying my first house in woodseats in 1975 for 7000 pounds and my wife said i was stupid and would never get my money back its now worth about 160000 , should have stuck with the ex wife its all hers now

[Rightways]

As a Sheffield based Removal company we have noticed a very slow start to the year.

 

But it has started to pick up so things are looking brighter.

 

Thanks

[ez8004]

are you on serious medication paying the current house prices in Sheffield without offering the estate agent a 25% lower offer than the asking price semis at £140k-350k how much is that per month at todays rates and how much is that when rates normalise to 4% you need 2 wages at around £20000 each just to cope

 

---------- Post added 11-04-2017 at 20:58 ----------

 

in s11 semis might be £600k f................f

 

You can't afford it, so why bother trying? There is a huge supply issue when it comes to housing. The prices over the last few years have been fairly stable and trending upwards. I can't see a dramatic price correction you lot are hoping for. If such a thing were to occur, it should have happened by now when the government introduced all those measures to have make buy to let more difficult. It hardly made a dent.

[onlineo]

The prices are high. Anyone without equity in a house is going to struggle. In S10/S11 many of the new buyers in the area are doctors or self employed who probably have a relatively decent salary compared to the average salary.

 

High house prices tend to be bad for most people except for downsizers. You own a 100k house and it goes up in value by 20% but the house you want to move to that was worth 200k is now worth 240k so you have to pay 20k extra to afford it.

 

The next house we buy will probably be double the price of our current house, so any house price fall would be great for me, however im pretty sure it won't happen within the next 2 to 3 years which is our time frame. This is mainly due to lack of supply.

Edited April 24, 2017 by onlineo

[nightrider]

The prices are high. Anyone without equity in a house is going to struggle. In S10/S11 many of the new buyers in the area are doctors or self employed who probably have a relatively decent salary compared to the average salary.

 

High house prices tend to be bad for most people except for downsizers. You own a 100k house and it goes up in value by 20% but the house you want to move to that was worth 200k is now worth 240k so you have to pay 20k extra to afford it.

 

 

This depends a bit - its certainly true if you stay in the same area or move to another area with similar demand. But if you are able to move somewhere else you may be able to exploit differentials in price increases to your advantage (e.g your house went up by 30%, but where you move to went up by 10%). I know people who have done this (London to midlands).