Why invest in Sheffield property?

Sheffield, historically renowned for its steel industry, has evolved into a contemporary centre of entrepreneurship and innovation. This is an outstanding property hotspot with a growing population and a housing market that cannot keep up with demand.

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Why buy property in Sheffield?

33,000

High level jobs to be created by 2041 (Sheffield City Council)

62,000

Estimated population growth by 2034 (Sheffield City Council)

11%

Rental growth anticipated by 2027 (Centrick)

20.2%

Projected regional house price growth across the region by 2028 (Savills)

PROPERTY IN HULL

Sheffield Housing Market

Sheffield is one of the UK’s largest cities with a population of more than 556,500 people according to the latest Census – more than Manchester and Liverpool. That population increased by 6,000 in the last full year on record and City Council projections show that it could rise by another 62,000 by 2034.

The effects of this can already be seen in the housing market. Research from Centrick shows that rents in the city increased by 11.3% in the last full year. Further growth of 11% is anticipated by the end of 2027. That compares favourably to the regional average rent rise of 9.4% in the last year and illustrates the appeal of Sheffield’s market to investors.

Sheffield's booming economy

There has never been a better time to buy property in Sheffield thanks to the city’s booming economy. As the City Council puts it, Sheffield has the economic growth potential to lead a 21^st century export boom built around a “high skilled, modern manufacturing economy, combining digital innovation, world class expertise, academic research and a global brand.”

Sheffield’s economy is worth approximately £15.5bn per annum and supports more than 260,000 jobs, making it the fifth most economically active city in England. By 2041 it is anticipated that Sheffield will add a further £7.6bn to its economy and employ an additional 33,000 people in high level roles. The region’s investment into research and development is scheduled to triple to £1.1bn annually, and wages will grow by approximately £1,500 per person.

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Regeneration

Sheffield’s extensive regeneration works are the finishing touch which makes the city uniquely attractive to professionals and graduates.

Renewal action plan

A £1.7bn scheme to give Sheffield an economic boost and push the city forward following the global setback. Developed in collaboration with the city’s business community, the renewal plan is focussed on people, places and employers to continue building the city back up.

Heart of the City

Heart of the City is Sheffield’s flagship redevelopment project that is reshaping the city centre. The project is in phases and together is designed to transform 1.5 million sqft of the city. The £470m investment will create up to 7,000 jobs by 2030, redefine the public realm as well as bring new retail opportunities, bars, restaurants, cultural sites and more to Sheffield.

Phase 2 is now under construction following the successful completion and activation of Phase 1 in 2016. Phase 3 has planning permission, and Phase 4 is in the early stages of design. Once complete, it is estimated that the four Phases will contribute a combined £3.7bn to Sheffield’s economy and set new standards for socially responsible, sustainable design in modern cities.

Connecting Sheffield

A programme of improvements for streets and public spaces in the city centre to create more attractive places for people to spend time and open up outside space for café, bar and restaurant seating. By combining that with new green space, high quality planting and landscaping, improved walkways and bus routes, and links between other new developments, you get a city centre which is vibrant and healthy.

Fargate and High Street

Fargate connects the Heart of the City to the popular Castlegate area. A successful £15.8m funding bid by the Council and the University of Sheffield has provided the funds to make Fargate a new social hub in the city centre. This will be complemented by work to improve the street scene with the award-winning Grey to Green project which is creating beautiful pocket parks designed to promote biodiversity and improve drainage.

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