As the 5th biggest city in the UK, Sheffield is incredibly popular and constantly growing. Home to two large universities, The University of Sheffield and Sheffield Hallam, there are over 60,000 students in Sheffield. But why are they going to Sheffield and how can you as an investor benefit from their choice?
Sheffield Hallam has invested over £100 million in their university in the last 5 years, attracting more students with their updated courses and campuses into the city. The university also has a plan to invest another £220 million in the campus and surrounding areas in the next 5 years, helping boost Sheffield’s economy. These investments and developments are attracting more students not only from the UK but also internationally; Sheffield Hallam has connections with over 100 other universities worldwide, and The University of Sheffield over 150. This means that there will be plenty of international students that will need somewhere to live during their studies in Sheffield. This is where investors can benefit- by investing in student accommodation and reaping from the prosperity.
Sheffield is one of the top 10 most affordable UK uni cities and is also the home to the largest art and design communities outside of London. This makes it hugely desirable for students who are looking for the atmosphere of London but can’t afford the rent. It’s also England’s safest major city which is another huge beneficial factor that attracts students each year. The city has a strong graduate retention rate, with 25% of students staying in the area; who will also need accommodation after graduating. These factors along with the strong support that the Universities are providing makes Sheffield an incredibly desirable place to study and is increasingly popular with both students and graduates which is great news for anyone considering investing in this area.
So why is student accommodation attractive to investors?
With record numbers of applications to university in England, the demand for student accommodation is at an all-time high and looks to keep increasing. There has also been an increase in the number of international students applying to universities within England, further adding to the demand for student accommodation.
This demand is leading investors to choose student accommodation for their ventures. With a steady flow of students keeping properties full and their investment return high, choosing student accommodation is a great way for experienced investors to expand their portfolios- or for new investors to start growing their network. If you’re looking for investment opportunities, contact us at Urbane Brix today and see how we can grow your investments.