Sheffield estate agents have seen a spike in house sales as ‘more buyers than homes’ flood the property market.
A new survey has revealed the number of house sales across South Yorkshire has hit its highest level since May 2008.
Richard Atkinson, manager of Haybrook estate agent in Banner Cross, which has nine branches in the Sheffield area, said: “We would absolutely agree with that.
“We are selling more houses – we’ve had a really good strong last quarter in terms of the number of houses going through.
“What we are tending to find is that we have more buyers than houses to sell.”
He added: “The market is buoyant.”
Belvoir estate agents in Sheffield city centre only started working in house sales last September after eight years in the rental business.
James Bridgland, sales director, said: “The number of instructions we have received and sales has far exceeded what we expected.
“We have taken on about 35 properties and sold 15 or 16 since the end of September.
“I think there is more confidence in the market, mortgages are a little bit easier to come by and there comes a certain point when people do just need to move.
“I think the area of south west Sheffield is always popular, especially family homes in the S11 and S10 postcodes.”
The Royal Institute of Chartered Surveyors found that the number of sales per chartered surveyor in Yorkshire had hit its highest level since May 2008, with 23 sales per surveyor in December.
And almost half of those surveyed predicted sales would continue to rise.
Peter Bolton-King, global residential director for the institute, said: “The housing market is starting to thrive once more.
“On the face of it, this seems like good news but unless we see a marked increase in the number of homes coming up for sale we could well be looking at price rises becoming unsustainable in some areas.”
n Optimism hits a new high – Business: Page 30