As cities from the North are becoming more and more popular, Sheffield has also turned into one of the UK’s most treasured property investment hotspots. The city has improved various aspects, such as its transport links, it has been subject to regeneration projects and there are more plans for investment and redevelopment.
Sheffield’s economy is booming and it keeps developing at a rate of 5% each year. Industries such as engineering, energy, technology, manufacturing, finance and digital media, have helped the city develop a strong business reputation. It is also home to one of Europe’s biggest leisure and retail complexes, Meadowhall, which attracts more than 400,000 visitors per week.
The two high quality universities bring a new wave of young individuals each and every year. With thousands of students coming to live and study in the area, there is a constant demand for student accommodation. Even more, this supports the idea that growing young professionals may be interested in staying in the area once they finish their studies.
The fact that Sheffield is positioned very centrally in relation to the UK means that there are airports within an hour’s drive, making holidays and business trips easy for residents. The city is also connected to various locations throughout the country due to its location on the edge of the M1 motorway. In addition, there is also the possibility that Sheffield will benefit from a high speed rail service that will connect it to London.
With all these aspects on point, Sheffield has become a very desirable place to live and work and the demand for property, both residential and commercial, has increased. This means that currently there are fantastic investment opportunities, presenting investors with a range of developments to benefit from. The city is blooming and there are opportunities for all projects that will further increase its value.