A study carried out by Hometrack (UK Cities House Price Index Report - June 2018); has shown Sheffield to have the 6th highest annual house price growth rate in the U.K. This currently makes owning a property in Sheffield a very sound investment.
With a percentage growth rate of 5.6%, the only cities to top this were Manchester, followed by Liverpool, Birmingham, Leicester and Cardiff. The average annual city house price growth came in at 4.6% and London at only 0.7%.
Six cities registered real price falls (growth below the 2.4% rate of consumer price inflation) - Southampton, Oxford, Belfast, London, Cambridge and Aberdeen.
Sheffield also has a relatively low asking price discount at 2.4%. When this is compared to Manchester (2.2%) who saw the largest house price growth rate, it shows positive statistics for Sheffield property owners.
Luckily for those of us owing property in Sheffield, current trends are expected to continue into the second half of 2018 as housing market forces continue to play out against the backdrop of rising employment and low mortgage rates.