Birmingham Property Investment Opportunities
The UK’s second city
Considering Property Investment in Birmingham?
Often referred to as the UK’s second city, Birmingham has the largest economy and greatest population of any urban city area in the country after London.
Due to its position in the centre of England, the city is naturally very well connected and ideal logistically.
City-wide regeneration projects spreading across commercial, retail and residential sectors, together with improvements to infrastructure, a rising population and an established flourishing economy point to exceptional capital growth and a continued rise in tenant demand.
Around half a million people work in Birmingham and these numbers continue growing as the economy strengthens.
The city is also recorded to have one of the youngest populations in Europe with around 40% of Birmingham’s population aged under 25 and the population is growing – set to reach 1.3million by 2039.
The outlook for Birmingham is extremely positive. Development activity has remained below demand levels for some time, which has created fierce competition for new homes in the city.—JLL
One of the UK’s largest financial centres
Birmingham is not only the UK’s largest city outside London but also one of the country’s biggest financial centres.
Firms such as Deutsche Bank and HSBC have large bases of operation in the city. The diversity of the city’s economy is supported by its reputation as a hub for the creative industry and is thought of as one of the UK’s fastest-growing centres for digital media.
There is a wealth of opportunities for companies seeking to expand or invest in Birmingham.
The city has exceptional connections to local, national and international destinations. It lies at the heart of the UK’s road network and boasts an international airport.
The proposed HS2 rail link will cut travel time between Birmingham and London to less than 50 minutes.
Why invest in Birmingham?
The city is one of the UK’s top shopping destinations with many new developments centred around retail and the city centre almost entirely transformed over the past decade.
Birmingham has a renowned restaurant scene and vibrant nightlife, there are museums, culture centres, regular markets and multiple leisure facilities across the city.
It’s of little wonder Birmingham is such a popular place to live.
Home to 5 universities, and around 80,000 students studying each year, many of whom choose to remain in the city due to the job opportunities on offer, and the vibrant lifestyle, further adding to the demand for quality rental accommodation.
Birmingham Property Market
The reasons many choose to live in Birmingham are clear and the financial prospects are good for investors.
The entry price point for many off plan options in Birmingham and the surrounding areas is far lower than the national average.
Rental yields are another key consideration for investors and Birmingham has some of the most robust figures currently available in the UK.
Rental yields across the West Midlands are predicted to rise by as much as 12% over the next five years.
Over the past 5 years, property prices in Birmingham have risen by over 20% (according to Zoopla) and the forecast for future capital appreciation is strong.