Ten reasons to invest in property in Birmingham and Where to buy
Attractive buyout and investment destinations are developing quickly in Birmingham for new and old businesses. Affordable housing prices, strong yields, consistent demand from tenants and high projected growth are some of the leading reasons that more investors are considering purchasing a home in the town. Birmingham remains one of the top markets in the UK for buying investment properties. Find why you should invest in property in Birmingham and its surroundings. Click here for detailed information about Birmingham properties in the capital and other countries to visit. Return to online email.
Five reasons why Birmingham is a buy-to-let property hotspot
Birmingham has emerged as a midlands engine in recent years. It’s an exciting place to invest due to its expanding property market and economy. With an estimated 1.4 million residents, their population was rising by 173% between 2002 and 2015. Below we’ll explain why It is currently on the top of the Best Property Investment Places list in the UK as of now – and where it could potentially offer your best returns. Birmingham is in the heart of it, thanks to new funding and initiatives driven by businesses and local authorities supporting local partnerships.
Introducing buy-to-rent investment
Birmingham has the highest proportion of flexible offices employed in the UK, and Deutsche Bank Deloitte and HSBC have moved to new ground office suites at £200million. The city also sees a significant increase in the city’s property investment sector. The UK’s premier investor consultancy Surrenden has exclusive access to Birmingham city centre’s best leased buy-to-let opportunity. Birmingham also has four universities with excellent retention rates, which continues to increase rental demand. It remains one of England’s best places to live and work in the state.
Property investment in Birmingham
Birmingham boasts about 70,000 students across the university’s three primary schools. In recent years, this rapid urban growth has increased the demand for investment property for sale in Birmingham city centre. Over 1 million residents live in Birmingham, the 2nd largest city globally and have more than 1 million households. The town today boasts a population of over 1 million and expands with the expansion of various universities.
Why should I invest in Birmingham property in 2022?
Birmingham has established itself as a British second city and closely follows London’s footsteps. The city is showing exceptional tenant demand with high growth prospects and solid prospects for the coming years. What makes buying a home in Birmingham the best choice for you as an investment?
Investment in newly built homes in Birmingham
The Knight Frank Birmingham firm is the leading company with experience in real estate investment. Take part in a supportive community and learn from a well-established property investor that includes British leading property professionals and associated professional services in the team.
Why invest in Birmingham?
Birmingham is rapidly becoming a prominent commercial and retail destination. Services in these fields are essential for cities, including banking, finance, and law. The West Midlands Devolution of Power has Andy Street as the Metro Mayor. Birmingham will host the 2018 Commonwealth Games that it has said to boost the economy to over £1 billion. An increasing new industry is a connected and autonomous vehicle (CAV) technology that could be massive in the future. Big investors see lots of potential in investing in Birmingham. The Midlands Engine Coalition is doing outstanding work to promote Birmingham for investment and to attract foreign entrepreneurs. Birmingham is a central university town and contains about 80,000 students in three leading universities and several small universities.
Why invest in property in Birmingham?
In 2018, Birmingham’s GVA totalled £30 billion. The city will now boast of 1.5 million people by 2039. 40 % of its population has under 25s. The Buy to Let market is stable tenant-based. There’s no reason to understand why such large amounts of investment are being made into a local Birmingham property. With a value of about £60 billion, Birmingham itself is one of Europe’s youngest municipalities.
Birmingham’s regeneration means investment property prospects.
Birmingham has continued its urban regeneration across much of the city. The city has an unusual look and isn’t identifiable compared to the time before that. Birmingham has been consistently named as Europe’s best place to invest for its high-quality architecture. Regeneration and investment projects have considerable upsides for landlords and investors. The standard of the rental property remains high, and amenities have generally increased property and rental values. Some of the significant projects which both are underway and are in the pipeline are the restoration and investment planning in the town of Birmingham. Birmingham has an attractive supply of retail space that attracts more than ten million dollars as the city’s economic and infrastructure economy continues to strengthen.
Best rental yield in Birmingham
Birmingham has an average rental yield of 5.1 per cent, the city is recognised as a potentially lucrative market in Britain. The city is accessible enough that it could attract new investment but still offers exceptional growth. Both Digbeth and Erdington are the most affordable areas in Birmingham and are still in demand due to the lifestyle and amenities they can provide. For investors interested in a long-term strategy, these areas should first be regarded as the best spots to invest in Birmingham. The areas should be considered as an affordable entry points now. Still, the future redevelopment will contribute to rising demand, which supports increasing rental prices and rising yields, making them crucial considerations.
Best Capital Growth Areas in Birmingham in 2022
Digbeth and Edgbaston have experienced the best growth within Birmingham over the past ten years. The investors in both segments have very distinct propositions. The mean price in the neighbourhood is 223600 versus 311842 in the city centre. Edgbaston is a more ‘suburban’ area and is usually populated with houses rather than some apartments, which are typically more popular with investors. It sits further from the city and may serve as a reason for tenants seeking a particular lifestyle. The region had a proven growth profile driven by a robust local workforce and incredible residences along its outskirts. It will be one of the most desired destinations for both investors and residents in the long term.
Investing in Birmingham for graduates
Students are generally more taken on as knowing quantity. But intelligent investors may look where these students get themselves after high school. Today’s students are the young professionals of tomorrow, and typically, a young professional tenant will mean long rent periods and a more significant and stable income. The graduation rate in the Birmingham suburb has risen through recent years, and the area now has one of the largest amounts of graduates in the UK.
Birmingham has the best city in the UK for attracting graduates who have no connections to the city, demonstrating its appeal with the demographic thanks to new amenities and opportunities. The town also boasts a retention rate of 46%.
Investment in Birmingham Capital Growth
The average acreage prices in Birmingham increased about 40% over the past decade. In 2025 prices at Birmingham property should increase by 24%. Birmingham was the fastest growing market in the United Kingdom in this period. Buy to let houses in and around city centre have huge possibilities with excellent returns. The city centre is affordable this does not necessarily mean no growth at all over the years. Investing in Birmingham Buying-to-Let property in the city centre has the potential to become incredibly profitable for an expansion of capital investment across the city centre if a complete list is available at: http://www.adobe.ca.
Investment in Birmingham Rental Yields
Birmingham property prices are among the most affordable in the USA relative to their size. The average home price in Birmingham is now £214,696, which is over three times less than London’s average house price. This means Birmingham rental yields are also exceptional especially considering recently booming rental growth. Rents have risen by 28% in the last 12 months and are projected to increase by 10% in the next four years. Birmingham’s average asking rent is £1188 – which is a rental yield of 6.56%. This is much greater than the lower yields in the South, and LendInvest data shows it is not surprising for the city centre.
Investing in Birmingham for regeneration
Birmingham’s ‘Greater City Plan’ measures to broaden the city’s core by 25%, create hundreds of jobs annually, and contribute 2.1 billion to the national economy. Developments like the Paradise and Arena Central are introducing exciting Mixed-Use spaces to the City centre. Birmingham Smithfield is set to regain a 42-acre site with new housing on its doorstep for around 2,000 homes, public space, leisure attractions and its new home, Bullring Markets. For buyers looking to invest in Birmingham property, having these developments on the horizon should be a welcome sight, coupled with rising prices and incredible lease yields.
Investing in Birmingham for demand
Birmingham, the second biggest city in Britain, has a population of 1.5 million, and 60% of its population is under 35%. Young professionals are the most desirable tenants for buy-to-let properties. Birmingham is much more affordable than the capital, and this attracts many London leavers. Over 18,000 people left the London area for The West Midlands in 2020, showing the sustained demand Birmingham investment can deliver vs a London investment. Birmingham Buy-to-Let properties are ideal for those looking for consistent tenant demand. The second city is another of Europe’s youngest European towns at 60% of its population is less than 35%.
Investment in Birmingham for business
HSBC DeutscheBank and PwC had relocated all their offices to Birmingham. The number of active companies in the city has climbed by 13% in the past year, three times the UK average. Meanwhile, HS2 will provide new jobs and improve the surrounding neighbourhoods. For 2019, Birmingham was the biggest employer in The Midlands, creating nearly 140,000 new businesses in the region with almost 110,000 jobs across the financial sector alone.
Invest in Birmingham for capital growth
Birmingham Buy to Let prices have continuously grown during the past 20 years. London’s value of property rose 16.72% since the EU referendum. Prices have been down 1.2% in London since the start of the Lockout. Forecasters predict a 25-year growth of property in the West Midlands in 2025. Factoring in the growing Birmingham economy worth a staggering £23 billion, it’s clear that Birmingham’s home investment will be a wise choice in 2021. London house prices dropped from 13.23% to 15.32% last quarter – a bad sign for the capital’s property market growth.
London versus Birmingham Buy-to-Let Property Investment
Since 2016 Birmingham has been acknowledged as the fastest-growing UK town in property price growth, leading to regional cores. The average rental yields in Birmingham are trending higher than many other rivals due to affordability. In Birmingham, the average real estate value is three times smaller than in London, but a high standard of amenities means rentals grow and deliver better returns for investors. This is one reason why people are looking to invest in Birmingham Property in the following years, notably, although Birmingham investment predicts a better long-term return than London investment.
Buy to Let Property Investment in Birmingham
Forecasts indicate that the Birmingham City Centre’s housing market will continue to make an uplift in the next five years. Investors looking for their next property purchase in Birmingham should determine the city’s hottest points and ensure the best results. Postcodes such as B1 and B5 are highly sought after locations for buyers as the area offers fantastic transport links and local amenities. More people are turning to London or elsewhere for cheaper alternatives, and Birmingham is likely to be on the top of the list for most of them, and many others have travelled there for more affordable ways of living. There is now a significant regeneration project taking place in the city centre.
Buy-to-Let property investment in Birmingham
Birmingham is considered a popular buy-to-let area in the UK. The city plans investments of up to £10 billion in public and commercial infrastructure across the city, including commercial and residential. This 2022 Commonwealth Games and a thriving business district makes Birmingham a prime investment opportunity for 2022 and beyond. The continuous regeneration of the community, in addition to the rising demand for property, makes the city an excellent buy-to-let property investment opportunity in the second city of the UK. For more information, visit [links] for more information on the city’s buy-property.com website.
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Birmingham is perhaps the best connection in the UK, bar none. Birmingham is central to the UK road network, and motorway network as Birmingham airport expands rapidly. HS2 arrives here in 2026, which makes London a little more than 39 minutes away. The West Midlands is worth an estimated £80bn, says the West Midlands Combined Authority. We can offer investors an alternative to a typical investment management firm to which an agent just cannot get with a guarantee. The location of the property is a crucial consideration to any investment… Birmingham has an excellent location. The city of Birmingham itself has a population of 1.1 million, but 575 million people live in the entire region.
Birmingham’s student population offers investors a key rental market.
Birmingham is the second biggest student city in British history and hosts five universities, and the number of current students outnumbers the number of beds available. Demand for academic housing forms a crucial part of the rental market, and the retention rate for graduates has risen over a decade to nearly 41% today. With so many students choosing to stay in the city after their studies, tenants can benefit from a steady stream of renters and young professionals searching for accommodation. Birmingham City University College Birmingham University College Newman College has five universities and 20 universities in an hour of the city radius of about 40,000 students.
Property prices have increased 3% over the same period by 11%. Property prices along Jewellery Quarter Train Station see the most significant rise. Nationwide predicts that any properties within 500 metres of a station will receive a premium of 9.4%. They’re home to several beautiful luxury conversion and loft apartments and spacious townhouses. These properties remain the best Buy-to-Let investments in Birmingham. With many more digital businesses moving into the region, expect a more significant wave of demand from business professionals in the city looking to live within walking distance of the office. The average price of a property has increased to £210.083 over ten years.
Birmingham’s property market
Birmingham is considered the second major city in the UK and offers plenty of business opportunities and investment options. As demand increases for housing and suitable accommodation, knowing which area has the best rental returns is worth knowing. If you want to find a good investment located in the city centre you could expect rental yields up to 5% with average home prices approaching more than £226,000. The city’s number of people is forecasting a 35% growth in the next ten years based on its employment growth rate. Birmingham is currently thought to be the second city of the United Kingdom, with a population of 32% and a salary per capita ratio of 7.0.
Property investors can capitalise on Birmingham’s strategic UK location.
90% of the English population and business lives within four hours. Highspeed railway HS2 is scheduled to make Birmingham closer to London. New South Wales’ capital has an expected number of tourists, and it will gain popularity as many seek opportunities. Birmingham Airport hosts a whopping 13 million tourists a year and has over 140 airports worldwide. This is the third most crowded airport in the UK, is the most expensive town, and its market is a significant centre for transport and commerce. It has vast opportunities for local and international business and its growing economy. Birmingham is an excellent location for investing in the city itself.
Birmingham presents property investors with attractive rental yields.
Birmingham’s property prices make for an attractive solution for property investments in England. A low property price and strong yield mean that investing in a Birmingham property can total solid revenues. In general terms. Rents have been up 6% since 2018 and are expected to grow by 10% over this period. Their affordable housing makes the location unique attractive to first-time investors because the initial cost is less. The region on the B5 often achieves yields that range from 5% to 6%, while some student areas like B4 around the east city can achieve more than 16%. The average rental yield in Birmingham is about 3.6 – 6.9.
ONS forecasts have said that if we increase that estimate from 2029 to 2045, the population will rise to 26.2 million. Official forecasters claim Birmingham would need up to 89,000 new homes by 2031, but the city has allocated only 51,500 spaces. A significant factor boosting rental demand is that it is one of the popular destinations for people living outside London. The lack of properties for sale has also hit the rental market while demand continued to outstrip supply in the West Midlands. Reporters said 7,600 Americans took part in exactly what last year – a similar move. It also shows an agreement among countries around the region:
Birmingham’s business spur demand for housing
A half a million people work in Birmingham and are known as the region’s business centre, retail, leisure and culture. As one of the biggest business centres outside the capital, the town employs over 100,000 people and is a hub for the wider region. These highly-valued industries are established by the city’s substantial innovation resources and networks, including its five universities with globally acclaimed research facilities. Birmingham was selected as Britains pilot site for the national 5G network rollout and is seeing increasing technology investment, including battery research for electric vehicles.
Demand for property in Birmingham is Increasing.
By 2030 Birmingham’s population will increase to 1.4 million from 1.1 million today. There is an increasing housing shortage, and many apartments are in danger. A rising population combined with a need in housing inventory could lead to higher rental demand and increased properties value. Birmingham is one of the best buying-to-let areas in England, with a population of 1.25 million. By 2030 it’s projected the number of people would reach 1,1 million. The city has a shortage of housing demand which could result in a rise in the rental market. Birmingham has the highest property prices in the country.
The average Birmingham home price currently is £373 000 – slightly lower than Leeds and Manchester housing. This represents the best performance since the 2008 financial crisis and a consistent increase of nearly 16% since the 2008 crisis ended. The price for real estate in Birmingham is higher in the north than in the West Midlands. For the most part, this can be considered something like an exciting location for the next generation of property investors. Hometrack shows that average prices for a given neighbourhood have gone up by 5% this last year and 41% since 2008.
Invest in Birmingham for low property prices and high yields
It currently stands at £208,241 per day for buy-let Birmingham property. It was incredibly affordable, especially as you compare the price to some other British cities. Birmingham properties can secure annual rents of 5%, which is high. For comparison, the most recently purchased Zoopla product costs £ 236’991. Birmingham property has just £2312,000 less than in central London. These people are looking to get more from their investment money than those buying a property in other areas. On average, London property is 253.123% more expensive than Birmingham.
Invest in Birmingham for demand from young professionals
Birmingham has one of London’s largest populations, housing some 1.4 million. The wider Birmingham area and West Midlands are the second most populated UK region after London. By 2039 the estimated population of Birmingham will be 1.1 million. Around 40% of Birmingham’s population are under age 25, meaning those renting apartments tend to be older and unable to afford to buy a house. More people than ever opt to come here and leave London to the region alone. In truth, around 18,000 Londoners left for Birmingham in 2020, according to reports compiled by Rightmove.
Erdington is one of the most continuously improved areas in the city. The investment in significant facilities includes the £7.5 million leisure centre. Transport links are solid in this region and have a train station and connections with the M6 and Birmingham Airport. Ideally, it’s suited for an investor to plan for the long term. For providing a reasonable entry point in the market and with extraordinary growth on the horizon, Erdington is in our best place to invest in Birmingham in 2022. Various properties in Partington: Nexus Point. Click on this link for more info.
Bullring Shopping Centre has higher footing than any other shopping street save Oxford Street in London. Birmingham has been declared a priority for 5G broadband on its networks, and a quarter of Mumbai’s population is expected to have 5G by 2021. Midland Metro tram scheme benefits from £1.3bn investment and has lines to Edgbaston Brierley Hill Dudley and Solihull. A new rapid transport route scheme of seven fast routes is also planned. The restored and regenerated canal-side sections along Brindleyplace and Gas Street Basin are now a popular leisure and dining district.
Edgbaston is one of Birmingham’s most successful postcodes and an investment hotspot. Average property price: £311,842 and 4.1% rent Yields: £1,014. Property prices are gaining a little more every year, but yields have kept the pace of median prices. Edgbaston is home to the key cultural attractions in the region, including the Midlands Art Centre and Victorian Botanical Gardens. It’s only ten minutes drive from the centre but it has a private, village feel which many others don’t. Birmingham also has one of Birmingham’s first-ever Michelin-starred restaurants.
The Harborne area is popular with those who seek quieter suburban living while not compromising entry to a major city centre. About 633 per cent of the world’s population work in managerial positions, which is far higher than the UK average. Harbourne experienced above-average property value over the last 10-year period at about 39% since 2010. In Birmingham, the Harborne area continues to be one of the best places to buy or sell property in 2021 and a key destination for a Birmingham Buy to Let investment throughout the last years.
Five minutes from Bullring and the city centre, Digbeth is a bright melting pot of arts, culture, business, digital and independent retail. Home to some of Birmingham’s top art digital and media producers and hosting Birmingham Coach Station and the future HS2 centre at Curzon Street. With strong transport links, Birmingham will see a significant increase in foot- traffic as both HS2 and Birmingham Smithfield projects are fully completed. Investing will reach 17.4% this year in the southeast and 17.1% by 2026. In just 20 decades, land prices had grown 401%.
What are the best places to invest in Birmingham Buy-to-Let?
Birmingham provides several buys out properties in critical areas of the city. These areas will have significant employment potential as the demand rises. This extended community plan is designed to encourage more immigrants to move to new places for the opportunity. Show the best investments in 2022 in Birmingham. We look at several key investor metrics, including property price growth, rent yield, rent yields, rental demand and transportation connections, to create a complete picture of each area’s buy-to-let performance.
Birmingham Properties are growing in value.
Between 2016 and 2020, property values in Birmingham were the highest across the country. The average price of a property in Britain was around £216,000 – three times cheaper than the average property in London – £654,576. In 2022 it. Due to the massive amount of regeneration happening through the area and continued demand from the movers to the site – many of whom are moving from London – this future looks bright. House prices are likely to rise roughly 4% and rental values by 3.5% by 2021.
Birmingham’s New Developments
HS2 and Birmingham Smithfield in the Eastside District to Arena Central and Paradise in the city centre. Regeneration is a crucial signpost of investors and should be sifted through during any property investing due diligence. You can get complete details about coming developments in Birmingham here. The city boasts more development developments every month. Visit ireport.com with more information on the planned projects happening in Birmingham.
Birmingham’s diverse economy is future-proofed.
The development in this city is not tied to industry or sector one. It houses a significant Innovation hub, green economy and Renewable Industry food and consumer manufacturing sectors digital and creative companies. A quarter of British aerospace manufacturing is located in the West Midlands and is well known for its automobile presence. This diversity of industrial and economic sectors puts Birmingham one of the most sustainable local economies in the country; this should future-proof economic growth and potential for buying investment property in Birmingham. In 2021 the sun would rise for homeowners Birmingham Bullring shopping area will open on January 1 2019, at 7:50 a.m. Birmingham is one-quarter of.
Buying investment property in Birmingham in 2021
Birmingham’s market cap for property rose 3.9% year on year. Rents are also favourable, with average earnings of more than 5%. A year ago, an investment in Birmingham property would probably yield a gross total return of about 13.5%. Although there’s a drop in house prices at the end of 2021, Birmingham predicts the best house price in the next five years to 2025. The city also suffers a growing lack of housing. However, Birmingham City Council is seeking to speed up the regeneration of council-owned infrastructure to bring new mixed-occupation housing solutions, including private sale commercial space, construction projects.
Birmingham is ideal to buy an investment property.
Businesses need knowledgeable, qualified employees to grow in Birmingham. Four in 10 of the population in Birmingham are under 25, and the city is a hotbed of investment property investment. Compared with the world’s other metropolitan cities, the number of university students makes Birmingham the youngest city in Europe. When you purchase an investment property in Birmingham, you can be assured a well lasting investment. The city has five universities, including The Birmingham City University and The Newman University in Birmingham. Birmingham is one of the younger cities in Europe, with a population of over 100,000.
Phase 1, the new HS2 service, links Birmingham with London, giving customers more rapid and reliable transportation. Ministers said these moves would improve the economy enabling more links between Birmingham and the rest of the United Kingdom. Phase 2A and 2B will connect Birmingham with the City of Manchester and Leeds, and the company says its work will lead to 30,000 jobs. Some more residents are moving to Birmingham because the proposed time to travel for London is 45 minutes long. The first phase of the line is forecast to open by November 2026, bringing significant changes to Birmingham City.
Birmingham property is in demand and short supply.
The City of Birmingham is predicted to rise more than 65,000 in the next 20 years. Every year more than 4500 homes will be needed to make up for the slow demand. There are only have about 4,000 homes under construction this year; this gap between supply and demand will continue for a while now. Birmingham’s extensive canals were crucial transport in the industrial age and will become investment opportunities for the property industry. We have a wide selection of experiences if you are interested in selling your investment property in Birmingham. We are happy to let you know just what you want to buy in Birmingham.
South Birmingham: Edgbaston Selly Oak Harborne
Edgbaston Selly Oak, Harborne and Moseley are three of the more well-known suburbs of London. They attract professional and family members seeking to live out of the city centre. Some of the locations have sort of a fashionable villagey feeling. Birmingham University also has its campus in Edgbaston, so some places are famous for student housing though some students have recently been drawn to live in the city centres. Prices drop farther away from the urban centre, and yields in the dearer suburb can be tight at 3-4% compared with many better student investment buildings that could return 10%.
Birmingham Means Business
More than £1 billion was pumped into Birmingham in 2017 compared with about 50 per cent invested in East and West Midlands. Amongst inward investment in Birmingham, around one third comes from overseas. Increasing numbers from major organisations are choosing Birmingham as its headquarters in Britain. More than 13% business growth in Birmingham last year – more than triple the UK business rate. It’s fantastic news for property developers. Birmingham is currently king of the economy in the UK, and business development and investment here will help grow the local economy.
Birmingham Smithfield will see 51,000 new homes, 10,000 new jobs and continued growth and investments in infrastructure. The new residential part is a vibrant green and modern setting to be a desirable place to live. Attractions also play a significant role in this regeneration project as the plans aim to contribute to constant-growing theatres, entertainment and dining scene. A potential 2033 completion date is an excellent way for property investors to become an active part of the future development at the City Center with the iconic HS2 line-up.
Birmingham Airport Area
Plans also have been approved for a more extensive commercial development with some 2000 homes known as the UK Central Hub. There are already plans to fund £96.5million to build and support new infrastructure, and HS2 will have a new station and transport interchange nearby. There will also be a large-scale commercial centre named the Central hub for Britain to develop over 20 years.
Birmingham Airport Coach Station New Street Station and Birmingham Airport have been increased and improved. The introduction of HS2 by 2026 sparks a wave of recovery activity and transportation projects. HS2 is due for completion in 20 years, and Birmingham has been identified as Birmingham’s first significant regeneration project.
Central location for travel across the UK
Birmingham stands at the heart of the High Speed 2 (HS2) project once built. It will reduce travel time to London to just 45 minutes. The city has an effortless distance on both sides of the UK, making it the top place and an investment destination. Recent investment has further improved New Street’s transportation facilities, including a £600 million project at New Street station. Midland metro lines 1 and 2 have been upgraded to feature a modern tram service which has attracted £129million from the UK government. The estimated date for the initial phase of HS2 would be 2028-2031. Following that, phase two significantly shortens its time to travel further North to Edinburgh, Glasgow, Newcastle, Leeds and Manchester.
Construction to rent sector booming.
Birmingham has the most concentration of rental housing outside London. Over this decade, CBRE predicts the number of additional renters will be estimated at over 10,000. The city is one of the European cities youngest, with almost 40% of citizens aged under 25. Given that this demographic is the least likely age group to rent rather than having property, rental demand is high. This is linked to a significant rise in the number of businesses that are based in Birmingham. For young people, Birmingham has a lot to offer, with world-class transport connections and infrastructure. It is the perfect choice for vast numbers of young people looking for an alternative to London.
Birmingham Eastside and HS2
Eastside houses a thriving community of researchers and business professionals focused on technology, learning and innovation. Once a significant industrial quarter today, the area hosts Birmingham Science Park Aston, The New Technology Institute Millennium point and a new engineering academy. The HS2 Rail Connectivity at Curzon Street Station is expected to add 30,000 new jobs and play an essential part in revitalising the region. A growing population of commuters is coming into and from the capital, and Londonians want to move into a more budget city with affordable housing. This area is 45 minutes from London.
Midlands Metro Expansion
The Midlands metro expansion is a vital part of the Infrastructure of Birmingham and the wider West Midlands. Living within 750 m of a train station can increase the worth of a property by 6%. The average price is expected to increase to £14,00 per week. This placed postcodes like the B5, B15 and many others near the MetroLine firmly at the top of the list based on anticipated growth and potential tenant demand for investors interested in Birmingham Property Investments. The expansion also has the additional advantage of driving property prices. The program has a centralised location that allows people to reach the public.
High Speed 2 (HS2)
HS2 has reduced travel time between Birmingham and London from just over an hour. The project is expected to create about 30,000 new jobs through the construction and operation of the railway. Its impacts on Eastfield – where hub station Curzon Street will be located — will drive foot traffic and improve house prices in the surrounding area. The initial phase is scheduled to begin construction around 2026 and should reach completion in 2027. Investors should consider developments near any HS2 action near Curzon St, Birmingham, and Eastside, which houses the central station.
UK’s second-largest business hub
Outside of London, Birmingham is now Europe’s second-biggest commercial hub. British Telecom recently built a new 17-storey building delivering 4,000 jobs, and Birmingham was the headquarters for 2,000 HSBC workers last year alone. The area where BTs new office is based is currently home to HS2 Ltd, KPMG and Barclays. PricewaterhouseCoopers plans to increase its workforce with 1,750 new employees in the United Kingdom by December 2015, adding to 10,000 people whose positions already are in other countries. PwC will expand employment to 1000 positions in Birmingham by 2021, and the move is expected.
£700 million projects are expected to bring in 1,916 square feet of Grade A office space, retail space leisure, and a 250 apartment building and hotel. PwC was previously granted the purchase for the whole eight-storey building in One Chamberlain Square. The larger project will be fully operational by 2026, opening the gateway between Birmingham and the west side. The city centre is housed here with Brindleyplace Deutsche Bank and the Library of Birmingham Symphony Hall. Pwc is one of London’s four big banks.