Yorkshire Post - Property

Sheffield proving buy-to-let hotspot

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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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