Sheffield is one of the fastest growing cities in the country with the population set to rise by 80,000 people by 2039. These days, it’s more than just a steel city, and investors are finding plenty of opportunities to invest in property.
Sheffield in Numbers
Sheffield’s growing economy is worth £7 billion per year, an improvement of nearly 5% YoY.
The city is one of the cultured in the UK. It has the largest theatre complex outside of London, and attracts over 200,000 visitors every year with its leisure facilities, museums and galleries.
Over 575,400 people call Sheffield home. The population is expected to reach 652,300 by 2039.
Stainless steel was invented in Sheffield, but the city is growing in other sectors such as logistics & distribution, health & education, finance, legal and telecoms.
Sheffield has a large student population that totals 60,000. This means 1-in-10 residents in the city are students
The average price of property in Sheffield is £138, 200. This figure has risen by more than £33,000 since 2008. Rental yields are also high in the city, with properties in the S2 postcode offering up to 8.16%.