Draggletail Posted September 22, 2006 Share Posted September 22, 2006 Whilst working on one of the West Bar city living developments today I started pondering.... Will the growing numbers of developments result in falling house prices in first time buyer type properties as the market becomes saturated? Also I understand that the uni, and some private landlords are selling off property in the traditional 'student areas' resulting in even more properties available for sale.... Are there too many of these city living developments now? Who is going to live in them all? If people from out of town wanted to move here because of the growing city living environment, are there even enough jobs in the region to support the extra numbers? Or will city living boost the local economy? Just a few ponderings..... Link to comment Share on other sites More sharing options...
*_ash_* Posted September 22, 2006 Share Posted September 22, 2006 I think the prices of all the flats in town will either remain the original value or lessen. With so many new developments, people might as well buy a new one rather than one thats been up 5 years. Link to comment Share on other sites More sharing options...
Kthebean Posted September 22, 2006 Share Posted September 22, 2006 I *hope* that it results in falling 1st time buyer prices Seriously though Draggle I have been wondering much the same myself. I don't reckon many students will live in those flats for longer than a year - after a while you want a house, with a garden, dont you. Sheffield is the kind of place where you can have that and still be within walking distance of all the pubs and clubs. And they're So Expensive. Link to comment Share on other sites More sharing options...
Draggletail Posted September 22, 2006 Author Share Posted September 22, 2006 I *hope* that it results in falling 1st time buyer prices Seriously though Draggle I have been wondering much the same myself. I don't reckon many students will live in those flats for longer than a year - after a while you want a house, with a garden, dont you. Sheffield is the kind of place where you can have that and still be within walking distance of all the pubs and clubs. And they're So Expensive. There are so many going up that I'm not sure which are in the majority Kathythebean, the student flats or the privately bought ones. Link to comment Share on other sites More sharing options...
Deepak_S7 Posted September 22, 2006 Share Posted September 22, 2006 I couldnt work out just how there were so many 'professional' or 'executives' to buy all these flats 2 years ago. Since then they seem to have doubled. Just how many people are there out there? And good point about selling a 5 year old one Who would buy it when they could have a new one Deepak Link to comment Share on other sites More sharing options...
Draggletail Posted September 25, 2006 Author Share Posted September 25, 2006 :edit: :edit: :edit: Link to comment Share on other sites More sharing options...
Benno Posted September 25, 2006 Share Posted September 25, 2006 Hello, Me and my girlfriend are about to move into a flat in brewery warf and have been pondering the same question. We were both students at hallam and are moving back to sheffield (im from york, her worcester). We asked the estate agent and he said that supply is beginning to outstrip demand and yet they plan to build even more of these buildings!!! We decided to rent for 6 months in order to get settled in sheffield whilst looking for new houses and hopefully we will be able to buy a cheaper house in 6 months time!! From what ive heard I think a lot of students move into these types of houses after graduation. Link to comment Share on other sites More sharing options...
SHsheff Posted September 25, 2006 Share Posted September 25, 2006 From what ive heard I think a lot of students move into these types of houses after graduation. I think (willing to be corrected) that Sheffield has one of the highest rates in the country for ex-students settling here..... that has to be good/bad (depends on your point of view) for first-time-buyer house prices. Maybe it goes some way to explain why terraced houses and other ostensibly lower-value properties cost so much here? Link to comment Share on other sites More sharing options...
jimmy Posted September 25, 2006 Share Posted September 25, 2006 We asked the estate agent and he said that supply is beginning to outstrip demand and yet they plan to build even more of these buildings!!! Sounds like you've must have encountered one of the only straight talking estate agents! Link to comment Share on other sites More sharing options...
Benno Posted September 25, 2006 Share Posted September 25, 2006 haha I know! (off the record of course!). I do know a lot students who are settling in sheffield yet most of them are only looking to stay for 6 months to a year. I heard recently that the same has happened in Leeds and that rental and house prices in general are beginning to fall! I think with a student population as buoyant as Sheffields the city will continue to have a steady stream of graduates setting up here (a good thing in my opinion ) Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.