The Sheffield city region in South Yorkshire is one of the most profitable and interesting areas of the UK for property investment. The city has a long and proud history as a manufacturing centre and is known around the world for the ‘Made In Sheffield’ trademark, but now Sheffield and the surrounding regions are home to new, innovative industries which are drawing the attention of the world.
Much like the nearby cities of Leeds, Liverpool and Manchester, Sheffield is proving highly attractive to young professionals and creatives who are looking to live in one of the most vibrant and exciting parts of the country. The region’s current population of over a 1.1 million is growing fast in response. Sheffield is also home to a large student population, including a higher than average proportion of international students, spread across its higher education institutes.
Buy-to-let student accommodation is a very strong market in Sheffield due to both the imbalance between supply and demand and the quality of student development which has been built by developers. Average house prices comparable to Manchester along with average rental returns of over 7% make Sheffield a UK property investment hotspot. Huge commercial investment is also taking place both from within the UK and from abroad, such as the £1bn first-of-its-kind city deal struck with China.
The Telegraph, 2015