Why invest in off plan property in
sheffield?
A Booming Economy
The economy in Sheffield has grown by 151% since 2000, totaling overGBP19.3 billion as of 2024. The economy is expected to expand by a further 83% and reach GBP35.3 billion by 2040. At the same time, average GDP growth per capita has risen 123% since 2000 and is expected to reach GBP55,923 by 2040, expanding by a further 68% from 2024.
High Demand and Low Supply
Sheffield has struggled to meet the housing demand driven by substantial population growth since the early 2000s. By 2035, it is estimated there will be an undersupply of 14,839 units.
Strong Capital and Rental Growth
Sustained population growth combined with the economic revival since the early 2000s has led to house prices in Sheffield increasing by an average of 13.7% per annum. With these underlying factors expected to remain in place in the years to come, house prices in the region are forecast to rise by a further 28.2% up to 2029. Sheffield offers excellent value for investors, with prices on average 10.1% below that incities such as Leeds, Birmingham and Manchester as of October 2024.
