Birmingham

Birmingham is the UK’s second biggest city and is currently attracting billions of pounds of investment into residential developments and residential property.

Since 2016 Birmingham has been recognised as the fasting growing City for UK residential property. Average rental yields are trending higher here than any other UK city due mainly to the affordability of prices. In the centre of Birmingham, the average apartment price is three times less than the average in London yet the standard of amenities and quality means rental values are increasing, delivering better returns for investors.

Birmingham is the UK’s second largest business hub
Rents are forecast to increase here by over 10% in the next 4 years
Property prices in Birmingham are expected to increase by 21.7% over the next 4 years
Birmingham is currently the home to the UK’s second largest student population
Birmingham’s population is forecast to grow by more than 170,000 in the next 20 years

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Capital Growth

Average property prices in Birmingham since 2009 have increased 45%. In the period of 2016-2020 where London was stagnating, Birmingham stood out as the fasting appreciating destination in the UK and is still growing.
Thanks to vast amounts of regeneration, private development and government-backed building Birmingham is forecast to carry on this capital growth. JLL predicts that Birmingham will see a 17% growth in residential property between 2021-2024.

Population growth

There can be no denying Birmingham’s rise in popularity over the last decade. The population of the ‘second city’ has risen by nearly 10% since 2010, equating to around 100,000 new people living in the city. This influx of new residents doesn’t show any signs of slowing as Oxford Economics show that by 2030 the population will increase around 80,000 more people.

Business in Birmingham

PWC, Deutsche Bank and HSBC are amongst the many huge, globally known companies to have moved their office headquarters to Birmingham over the last few years, creating many jobs and boosting business in the Midlands. This level of business is boosting high level executives and young professionals to the city and means Birmingham is literally the biggest business and professional hub in the UK behind London.

Education

There are 5 universities in Birmingham and the student population is growing significantly year on year. It is a student heavy city with over 80,000 studying there, drawn in by a city that is vibrant, affordable and welcoming.

The HS2

Birmingham Curzon Street will be at the heart of the High Speed 2 (HS2) and will bring just an hour’s commute to Manchester, Sheffield, Leeds and London. When somewhere stands to benefit from a large-scale improvement in transport links – especially to London - property prices always increase. HS2 is currently the largest infrastructure project in Europe, and its implementation will no doubt affect the economies of the areas it passes through. House prices in these locations will almost certainly be influenced by the new line over the coming years – and to some degree, this impact is already being felt.

Why should you invest in Birmingham?

Birmingham is known as the UK’s ‘Second City’ due to its rising population, rich history and growing economy. Situated in the heart of England, the city is home to more than 1.1m people, while the greater Birmingham area houses almost 2.5m residents, five universities, and a property sector that is in the early stages of a major growth spurt.

Birmingham is the second-largest city in the UK, yet it has been overlooked historically by investors in favor of London, Manchester and Liverpool. However, all the fundamentals are in place to make Birmingham an attractive investment option for anyone seeking to make market-beating returns over the short, medium and long term.

The imminent arrival of the HS2 rail link, a thriving student population and a string of government incentives have combined to make Birmingham a particularly promising option for property investors. Recent research has found that the average rental yields for Birmingham-based homes range from 5.95% to a massive 10.87%, depending on the size and location of the property. Even at the lower end of the market, this easily exceeds the average UK rental yield of 4.4%.

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