SHEFFIELD PROPERTY INVESTMENT

As an energetic city located in South Yorkshire county, Sheffield has come a long way since its post-industrial slumber. Large-scale regeneration efforts and economic initiatives were introduced by the new Labour government in 1997, since then Sheffield has grown at an exponential rate. It has re-invented itself as an up-and-coming modern cosmopolitan hub, breeding excellent opportunities for property investment. In fact, due to the city’s strong engineering and manufacturing sectors, Sheffield’s economy has nearly doubled in size since 2000. It is expected to expand further by 81.85% by 2035, reaching a whopping GBP26.59 billion in GDP.

Now entering its third stage of regeneration, with a focus on private sector-led growth, the investment case for Sheffield property is more promising than ever. Besides placing itself at the centre of innovation, the city is also seeing an influx of diversified SME businesses, bolstering population growth from students and professionals. The city is now home to 586,730 residents, making it the fifth-largest city in the UK. This has put immense pressure on the current housing stock and led to a significant undersupply of housing units. A deficit of 11,328 units is expected in Sheffield by 2035, and along with it a significant increase in property prices creating an ideal environment for investment.

Connect with IP Global to find the best property investment opportunities in Sheffield.