Overview
Description
STUDIO APARTMENTS FROM £143,950
1 BED APARTMENTS FROM £152,500
2 BED APARTMENTS FROM £262,500
YIELDS: UP TO 6%
PAYMENT PLAN: £2,500 RESERVATION FEE
20% EXCHANGE OF CONTRACTS (28 DAYS)
WHY INVEST IN SHEFFIELD?
Sustained Population Growth Since The Early 2000’S
Ever since the new Labour government’s economic initiatives began to yield results in the early 2000’s, Sheffield’s population began expanding. From its 513,300 residents in 2001, the number of residents living in the city had grown to 595,280 as of 2022. The population is expected to continue on this upward trend, totalling 617,650 by 2035, a 20% increase since 2001. This high level of population growth has, and will continue to, put immense pressure on the city’s housing stock.
Robust Economic Growth Backed By Large-Scale Regeneration
Sheffield is currently in its third phase of regeneration, with the first phase focusing on industrial enterprise and the second on aiding large-scale public reinvestments. The economy has grown by 116% since 2000, totalling over GBP16.4 billion as of 2022. The economy is expected to expand by a further 63% and reach GBP26.8 billion by 2035. As Sheffield’s economy continued to grow, new jobs were created, resulting in the unemployment rate falling from 11% in 2012 to 4.9% in 2022. The city continues to attract many eager young professionals looking for quality accommodation to rent as they work and study in Sheffield.
Under-Supplied Housing Market
Details
Updated on September 21, 2023 at 11:52 am- Property ID: LI-6073
- Property Status: Current Developments
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