SELLING & LETTING IN AND AROUND SHEFFIELD

Although Labour has long been associated with better rights for renters, it recently showed that it is equally as committed to promoting homeownership. A raft of financial reforms designed to help mortgage borrowers, which will apply across the UK, were announced in July.

Competitive pricing is the story of the summer. The theme was highlighted in Rightmove’s latest House Price Index, with asking prices dropping 1.2% in July to an average of £373,709. This adjustment reflects the improved supply of properties for sale.

Earlier this year, it became apparent that home buyers aren’t that fussed about finding the ‘perfect’ property. A Rightmove survey of 34,000 home movers found 73% of those leaving rented accommodation viewed fixer uppers as a more affordable route to property ownership. Additionally, 73% of existing homeowners wanted to buy a property that needed work in order to create their dream home.