Sheffield

The three ADFs aim to significantly improve the operation of the housing market - restructuring the supply of housing and working with other investment programmes to address the host of other factors which influence peoples decisions as to where to live.

At present Sheffield's housing market is extremely polarised. In some parts of the city the average selling price for properties on the private markets are close to £240,000 - a cost that is significantly out of the reach for most residents when you consider the average earnings in the city are around £18,000 p.a. These high cost housing areas, chiefly in the north west, west and south west of the City are extremely popular and there is an insufficient supply of properties to meet demand. These overheating housing markets present a great opportunity for Sheffields HMR areas.

There is huge potential for the ADFs to help address the problems in these over heated housing markets, re-balancing the demand and supply equation across the city and ensuring that more of Sheffield's households can access good quality housing at an affordable price. Both the North and South ADF areas are well placed geographically and in re-development terms to absorb demand for housing from high cost areas.