Sheffield is an investment HOTSPOT, Why? Well, Sheffield’s fast growing economy is now worth £7bn a year!! Pretty incredible for a northern city, isn’t it?
Evidence
I can easily show you why Sheffield is an investment HOTSPOT. Its GVA (Gross Value Added) performance has increased by almost £4 billion since 1997.
Not only this, the economy is continuing to grow by an average of 5% every year.
Other northern cities
Along with some other northern cities, such as Liverpool and Leeds. Sheffield has become one of the most exciting investment hotspots in the UK’s property sector.
Whether you’re looking to invest in residential buy-to-let, commercial property or student housing, there are lots of opportunities in sheffield.
Transport Links
There is far more to the property investment opportunities than students and graduates, however.
The borough of Sheffield is the third largest in England, and as it’s relatively centrally located in the country it’s naturally ideal in terms of travel and accessibility.
The city has four airports within less than half an hour’s drive, helping to make it an easy transport hub for overseas as well.
Lying adjacent to the M1, Sheffield is also directly linked to many cities and towns all over the UK.
Added to all this, there are also speedy direct train links to London, and the possibility of a high-speed rail service if plans are approved.
Buy to Let Market
Regeneration and a buoyant job market combine to make Sheffield a very popular place for people to live, work and study.
The corresponding demand for homes, rental property, retail space and commercial units is increasing faster than it can be provided.
All of which leaves a very attractive area for investment, particularly with buy-to-let property. We can attribute the resilience of the private rental market in Sheffield to the limited number of high-quality housing schemes that are available in central locations, particularly when compared to other cities.