With a population of 0.6 million, Sheffield is one of the UK’s largest cities. A key player in the governments ‘Northern Powerhouse’ and HS2 initiatives, Sheffield also has a long history of manfacturing and in particular steel production.
Sheffield properties trade at a discount to comparable property in nearby cities such as Manchester. In the last five years property prices in Sheffield have risen by an average of 20% and there is still huge potential for sustainable growth in capital values in the next five to ten years.
The key driving factor of sustainable growth in property prices for Sheffield in the coming years will be large scale investment in infrastructure, retail, housing and job creation.
The city has formerly suffered from a lack of development, however the tides are turning and Sheffield is now attracting some serious interest from developers with a number of large scale schemes already approved and under way: