The city of Sheffield is Located in South Yorkshire, England. Its name is taken from the River Sheaf that runs through the city centre.
With a population of 564,000, its one of the largest regional English cities, it’s the third largest English district with a metropolitan [population of 1,569,000.
Sheffield gained notoriety for steel production in the 19th century with many innovations being produced including stainless steel. The industrial revolution saw an almost ten fold increase in Sheffield’s population.
Sheffield in the 21st century is a very different proposition, with extensive redevelopment its GVA has increased 60% since 1997 and its economy has seen 5% growth annually since then; higher than any other region in Yorkshire and the Humber.
Sheffield was made the City Of Sheffield in 1893. It contains over 250 parks and almost a third of the city lies within the Peak district national park.
The end of the industrial revolution saw a gradual decline in Sheffield’s economy, however recently Sheffield has seen a strong revival with Barclays stating in 2003 that Sheffield’s district of Hallam was the highest-ranking area outside of London for overall wealth.
Sheffield’s economy grew from £5.6bn to £9.2bn in 10 years from 1997 to 2007.
A major retail centre with numerous high street and department stores, there are shopping areas including The Moor, Fargate and Orchard Square.
Sheffield One redevelopment agency has seen major developments complete including Winter Gardens, Peace Gardens and the Millennium Galleries.
Semi Detached properties sold most in Sheffield last year with an average of £161,000, terraced properties were 2nd with an average price of £132,00 and detached was third at £290,000.
Sheffield’s average price was £169,000 and in the past year prices have risen 6% and 8% up on prices from 2010.
The housing market in Sheffield is in its best shape since recession began according to The Sheffield Star. According to some of the city’s estate agents
more homes were sold in 2014 than in any year since the start of the financial crisis.
RICS recently suggested that house prices could rise by another 25% in the next five years due to huge demand and a shortage of homes for sale.
A survey by Knight Frank showed that Sheffield was the fastest growing city outside London for residential and commercial rents for 2004-05.
The rental average being advertised by the Sheffield Rose in the first 3 months of 2015 rose by 2.55%.
Rising incomes along with Zero inflation in the area has led to an increase in disposable income and renter’s confidence.
There are two universities within Sheffield, Sheffield Hallam University and The University of Sheffield. Combined these two universities bring in around 65,000 students every year.
Sheffield Hallam University is the third largest in the UK based over 2 sites, the City Campus located in the city centre and Collegiegate Crescent Campus located 2 miles to the south west.
Over 4,000 of the 37,00 students that go to Sheffield Hallam are international students.