Well, maybe not bust (yet) but council tax information shows only 65% of apartments are occupied, and there has been a marked downturn in demand from investors as rents are stagnant. Seeing as investors bought the large proportion of the apartments who is going to maintain the demand (and so maintain the prices) now? Who cares- its Leeds! - but it will be the same story in Sheffield.

Does anyone know the occupancy rate in Sheffield?

Report by DTZ.

Well Sheffield hasn't got even half as many (probably not even a quarter as many) city centre flats as Leeds.

I think the occupancy rate in Sheffield is about 80% (although don't quote me on that!). I mean, the West One development it about 12% empty, and I would guess that's pretty standard for Sheffield developments.

What we also need to remember is that, at a guess, around 50% of the apartments going up around sheffield are for student accommodation. Interesting guy that I am, while waiting to go into a meeting the other day I was flicking through 'facilities management' magazine and it had a report on the amount of independently managed student accommodation in British cities. Sheffield was still way way down the list. And I can't see many people disagreeing with the need to give some of our nicer suburbs back to owner occupiers.

Well Sheffield hasn't got even half as many (probably not even a quarter as many) city centre flats as Leeds.

I think the occupancy rate in Sheffield is about 80% (although don't quote me on that!). I mean, the West One development it about 12% empty, and I would guess that's pretty standard for Sheffield developments.

12% empty in a densly populated student area is actually high when, in reality, it should be less than 5%. That's taken as 12% is an accurate figure which I somehow doubt!

City living is all well and good if you have a thriving city to live in. I don't think Leeds will ever match London and Manchester in that respect.

Well, maybe not bust (yet) but council tax information shows only 65% of apartments are occupied, and there has been a marked downturn in demand from investors as rents are stagnant. Seeing as investors bought the large proportion of the apartments who is going to maintain the demand (and so maintain the prices) now? Who cares- its Leeds! - but it will be the same story in Sheffield.

Does anyone know the occupancy rate in Sheffield?

Report by DTZ.

Well Leeds were the leaders in "city living" wonder if they will be leaders in "suburb" living?

City living is all well and good if you have a thriving city to live in. I don't think Leeds will ever match London and Manchester in that respect.

So how far behind is sheffield?

So how far behind is sheffield?

think parsecs

Thing is - in life you might buy one of those little apartments that they are building masses of, but after about 5 yrs most people want a bigger place/gardenshed/garage etc.. and to move on. Not so easy to sell them once they are not new..... I wonder if the value of them wil depreciate slightly or not go up as much in value as other property types.

But there is not so much building of decent sized semis. And the older semi's are getting quite sought after on the property market.

So how far behind is sheffield?

Is it a competition? Anyway this isnt a Leeds V Sheffield V Manchester V London thread so lets not go there!!

Does anybody know anybody who knows anybody that still wants a city pad and would be happy to pay current prices, and expect prices to rise?

There is a lot of student accommodation going up which I think is a good thing, as like previous post said it frees up and will clean up a lot of 'family' houses in the city. But there are lots of apartments in the planning & building stage. In Leeds the developers are starting to think of alternative uses for their land and buildings

There is a lot of student accommodation going up which I think is a good thing, as like previous post said it frees up and will clean up a lot of 'family' houses in the city.

I think that is happening, round where I live anyway, but the houses are coming onto the market at such a silly price that people still can't afford to buy them.

Is it a competition? Anyway this isnt a Leeds V Sheffield V Manchester V London thread so lets not go there!!

Does anybody know anybody who knows anybody that still wants a city pad and would be happy to pay current prices, and expect prices to rise?

There is a lot of student accommodation going up which I think is a good thing, as like previous post said it frees up and will clean up a lot of 'family' houses in the city. But there are lots of apartments in the planning & building stage. In Leeds the developers are starting to think of alternative uses for their land and buildings

I know a couple of guys that them as crash pads, bought as a "tax dodge" (avoidance, not evation may I add) in stead of getting taxi's they stay in cluds till the wee hours then go back to there appartments.
But I dont think they would live there permenant.

Sheffield Civic Trust met with DTZ about 6 months ago - so, interested folk should get in touch with them : sheffieldcivictrust@googlemail.com - the Trust's Chair, Simon Gedye took full notes during the meeting.
The current City-Living occupancy rates (inside the inner ring road) are so low that your teeth will drop out when you find out what they are - but let Simon give you the news - this is the biggest scandal of the last ten years.
What is the similarities between a property developer and a sparrow? Answer: They both live in the countryside but sh*t in the city. - and we've let them drop their poorly designed, unsustainable tax losses onto our city centres - 10 years time and I predict this :-
Occupancy rates - City-Living : - Students 20%, Employed 10%, Not in the labour market / economically inactive 50%, unoccupied 20% ; anyone care for a wager?
If this is regeneration... ...well, come on, it's all a bit sad... ...the city had a chance and it's blown it... xxx

Sheffield Civic Trust met with DTZ about 6 months ago - so, interested folk should get in touch with them : sheffieldcivictrust@googlemail.com - the Trust's Chair, Simon Gedye took full notes during the meeting.
The current City-Living occupancy rates (inside the inner ring road) are so low that your teeth will drop out when you find out what they are - but let Simon give you the news - this is the biggest scandal of the last ten years.
What is the similarities between a property developer and a sparrow? Answer: They both live in the countryside but sh*t in the city. - and we've let them drop their poorly designed, unsustainable tax losses onto our city centres - 10 years time and I predict this :-
Occupancy rates - City-Living : - Students 20%, Employed 10%, Not in the labour market / economically inactive 50%, unoccupied 20% ; anyone care for a wager?
If this is regeneration... ...well, come on, it's all a bit sad... ...the city had a chance and it's blown it... xxx

it'll be a bit like the 80's then when we pulled the last lot of highrise down then:hihi:

Well, maybe not bust (yet) but council tax information shows only 65% of apartments are occupied, and there has been a marked downturn in demand from investors as rents are stagnant. Seeing as investors bought the large proportion of the apartments who is going to maintain the demand (and so maintain the prices) now? Who cares- its Leeds! - but it will be the same story in Sheffield.

Does anyone know the occupancy rate in Sheffield?

Report by DTZ.


Hurray! Great, great news! I'm absolutely delighted!

We got completely ****** over by the ridiculous price of property in Leeds when we tried to move there a few years ago - in the end, we simply couldn't afford to move up there cos of all the investors/buy-to-let people buying up all the decent property. So yah, boo, sucks to you all and to Leeds! :thumbsup:

Childish, yes, but VERY satisfying :D

StarSparkle

Todays city living are tomorrows ghetto's, just wait and see

When did 'flat' become 'apartment'?:huh: