Original sentence: From the 1970s, as the post-war population prospered, raised families and aged, many moved to outlying suburbs to build larger houses, a supply of picturesque and relatively cheap terrace houses and cottages entered the rental market, which attracted many students to the suburb
Edited sentence: As longtime residents retired or died, a supply of picturesque and relatively cheap terrace houses and cottages entered the rental market, to be occupied by students; thus creating a new social phenomenon: student share-housing.From the 1970s, as the post-war population prospered, raised families and aged, many moved to outlying suburbs to build larger houses.Inevitably, this has led to a dramatic increase in property values (which have more than trebled in value in the last ten years ) and growing pressure to redevelop many historic properties and buildings.Many residents are becoming increasingly concerned about the pressure and pace of development in the area  and the huge influx of new residents as developers rush to convert former factories, warehouses and other industrial and commercial buildings into multi-apartment developments