Massive Sheffield Housing Crisis On Its Way?

[nightrider 13]

On 21/06/2021 at 19:56, gamezone07 said:

As above, as London/The South, moves to, buys up? parts of more affluent Sheffield, the effects are now trickling down to the lower rungs of the private sector, and the council and other agencies need to be cogniscant of what is going to happen.  Even in some the less expensive areas, decent houses are being sold within days of going on the market, couples are being gazumped, and its looking as if many student houses are being sold , S7, Broomill, etc and not being let for the next academic year.  For those at the bottom, it will mean homelessness(already rampant), pushed even more to the periphery, even worse landlords, accomodation, etc, (and its appalling already) etc.

 

Be good to hear from local politicians, housing experts, etc,  maybe I am completely wrong, but I don't think so.

Anecdotally I know someone who has been trying to buy a semi-detached in walkley/stannington and claims in every case to be outbid by people from down south with large cash piles from selling up in London.

 

Asking prices for terraced houses in Walkley seem to have gone up by around 40k in the last year - complete madness!

 

In many of these area they aren't building anymore, so influx of people is having the predictable result. A few small scale developments have happened in Walkley, but I suppose its a drop in the ocean compared to increase in people.  A big housing development in Loxley was blocked recently.

Edited June 24, 2021 by nightrider

[nightrider 13]

On 21/06/2021 at 21:35, andyofborg said:

the market is currently being skewed because the stamp duty cuts start to end next week and people are rushing to purchase and complete before then. 

partly.

 

Don't forget the vast money printing exercise that has just gone on. A lot of that has found its way into the housing and stock markets.

[Annie Bynnol 612]

The economic spiral of decline/stagnant/zero growth has done nothing for the prosperity of this region.

The tens of thousands of people who left the area for work in the south have now seen an opportunity to return as well as others who recognise the benefits of space.

 

An increase in the number of younger, employed and skilled families brings in money and jobs is very welcome.

 

 

[Michael_N 36]

46 minutes ago, nightrider said:

Anecdotally I know someone who has been trying to buy a semi-detached in walkley/stannington and claims in every case to be outbid by people from down south with large cash piles from selling up in London.

 

Asking prices for terraced houses in Walkley seem to have gone up by around 40k in the last year - complete madness!

 

In many of these area they aren't building anymore, so influx of people is having the predictable result. A few small scale developments have happened in Walkley, but I suppose its a drop in the ocean compared to increase in people.  A big housing development in Loxley was blocked recently.

We have been for 8 houses in  the last few months, all have been outbid with cash investors/buyers from London/The South. Basically given up now, it's a no go at the moment due to working from home and people from The South relocating up North.

 

Some houses are on the market for a few hours - one in Rawmarsh we was due to view last month went to market at 0943 with Bartons, by 1420 we had the phone call to say the viewing had been cancelled as the owner had accepted a cash offer. Bonkers!

[nightrider 13]

1 hour ago, Annie Bynnol said:

The economic spiral of decline/stagnant/zero growth has done nothing for the prosperity of this region.

The tens of thousands of people who left the area for work in the south have now seen an opportunity to return as well as others who recognise the benefits of space.

 

An increase in the number of younger, employed and skilled families brings in money and jobs is very welcome.

 

 

A lot of buyers are investors that rent out the place to someone who may otherwise have bought it at a lower price, thus not contributing anything useful at all.

 

Most others have jobs in London, so are not creating any jobs here really. Many other skilled people who work locally on lower salaries may move elsewhere as the cost of housing becomes prohibitive (why work here, when you can get paid far more elsewhere - until now the answer was cheap housing. I know many skilled people at e.g the university who feel this way and are well aware elsewhere they can earn much higher salaries in the private sector...).

Edited June 24, 2021 by nightrider

[ab6262 202]

its not really rocket science why there is a housing crisis s now is it?? demand far exceeds supply, we have thousands coming to these shores either as economic refugees or asylum seekers, sheffield is a centre for this type of assisted immigration, it has a knock down effect , more and more rented properties and so less houses to buy for first timers.

[Annie Bynnol 612]

50 minutes ago, nightrider said:

A lot of buyers are investors that rent out the place to someone who may otherwise have bought it at a lower price, thus not contributing anything useful at all.

 

Most others have jobs in London, so are not creating any jobs here really. Many other skilled people who work locally on lower salaries may move elsewhere as the cost of housing becomes prohibitive (why work here, when you can get paid far more elsewhere - until now the answer was cheap housing. I know many skilled people at e.g the university who feel this way and are well aware elsewhere they can earn much higher salaries in the private sector...).

None of us have nothing but anecdotal evidence to substantiate our views on who is buying. The impact of the stamp duty deadline and the historical weird price hikes that buying a house in Sheffield involve are also factors. 

 

Still house prices are an indicator of the health of the local economy.

With thousands of our best and brightest moving away from the region every year, any slowing of the move to the south slowing, stalling or even reversing will be reflected in house prices.

Over and over again businesses have complained that the skills levels in the region are so poor that they set up elsewhere. 

If the exodus is reversed then thousands of jobs will be created right across the local economy with all the benefits that will bring to the area.

 

 

 

 

[Annie Bynnol 612]

31 minutes ago, ab6262 said:

its not really rocket science why there is a housing crisis s now is it?? demand far exceeds supply, we have thousands coming to these shores either as economic refugees or asylum seekers, sheffield is a centre for this type of assisted immigration, it has a knock down effect , more and more rented properties and so less houses to buy for first timers.

Have you traced your roots?

Still blaming the immigrants from Derbyshire, Lincolnshire, Nottingham, Wales, Scotland, Ireland,  Africa, Asia, Caribbean, Rotherham and many, many more for price increases?  

[tinfoilhat 11]

1 hour ago, ab6262 said:

its not really rocket science why there is a housing crisis s now is it?? demand far exceeds supply, we have thousands coming to these shores either as economic refugees or asylum seekers, sheffield is a centre for this type of assisted immigration, it has a knock down effect , more and more rented properties and so less houses to buy for first timers.

What a load of old rubbish. How many asylum seekers do you think Sheffield has as a percentage of total population?

 

EDIT - a quick Google suggests Sheffield "welcomes" 90, that's 90, refugees a year. SCC has 2400 empty properties.

Edited June 24, 2021 by tinfoilhat

[Mr Bloke 1,445]

3 minutes ago, tinfoilhat said:

What a load of old rubbish. How many asylum seekers do you think Sheffield has as a percentage of total population?

Hmmm...

... isn't that part of the problem?

 

Does anyone really know?

[tinfoilhat 11]

2 minutes ago, Mr Bloke said:

Hmmm...

... isn't that part of the problem?

 

Does anyone really know?

Yeah, figures published in the star from SCC according to Google.

[Mr Bloke 1,445]

9 minutes ago, tinfoilhat said:

Yeah, figures published in the star from SCC according to Google.

Hmmm...

The Star, SCC and Google...

... we only need Wikipedia for the complete set!