Sh­effield prov­ing buy-to-let hotspot

Yorkshire Post - Property - - PROPERTY -

LOW prop­erty prices, im­prove­ments to the city cen­tre and high ten­ant de­mand due to soar­ing stu­dent re­ten­tion rates have cre­ated the per­fect con­di­tions to make Sh­effield a buy-to-let hotspot, ac­cord­ing to one of the re­gion’s let­tings agents.

ELR has seen a sharp in­crease in the num­ber of ten­ants look­ing for pri­vate ac­com­mo­da­tion. Year on year they have seen a 19 per cent in­crease. But the agents say the in­flux of po­ten­tial ten­ants far ex­ceeds the num­ber of avail­able prop­er­ties to rent.

Nick Rid­dle says: “At the mo­ment we have 17 prop­er­ties to rent on the books, and more than 100 ten­ants look­ing and Sh­effield’s rent­ing pop­u­la­tion is set to grow.”

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