Friday 29 January 2021
The Birmingham property market is booming, with excellent value, strong demand and house price growth making it a top choice for property investors.
The number of property transactions and house prices are on the increase and recent data has shown that the Birmingham property market is the most valuable in the UK outside London. This was shown in recent analysis of government housing stock and price figures by comparison website GetAgent.
Birmingham’s estimated dwelling stock is estimated to be 441,536 and it’s housing stock is said to be worth a huge £83.9bn.
We are seeing a massive surge in demand in the UK property market and Birmingham looks set to continue to be one of the most valuable property markets in the country with the number of homes and demand increasing. Figures from HM Land Registry show Birmingham led the way in sales transactions during 2020, highlighting the city as a top property buying and selling hotspot.
Birmingham has so much going for it. The advent of High Speed Rail will make a considerable difference to Birmingham, which will be amongst the first British cities to benefit. Plans are now well advanced for the new £1 billion Curzon Street Railway Station, which is due for completion in 2026. Once operational, it is expected to reduce journey times to London to just 49 minutes.
Employment & Education in Birmingham
With a population of over a million, Birmingham is the second largest city in Britain. It’s also one of the most productive and economically successful growing faster than any other city region outside London, with output up by 35 per cent over the past five years. There’s a 20- year, £1.5 billion City Centre Masterplan, which seeks to build 1.5 million square metres of new office space, create over 50,000 new jobs and add £2.1 billion to the economy each year. It’s estimated that by 2030 there will be 250,000 private sector jobs. Large employers in the area include BT, Deloitte, Lloyds Bank, Jaguar, KPMG, PWC, RBS, Rolls Royce, Sainsbury’s, Whitbread PLC. This year should also see HMRC moving into new premises in Birmingham, bringing with it 3,500 jobs. The Midlands is home to 20 universities, producing 112,000 graduates per year.
Birmingham’s rising position as a leading UK business location has coincided with the city’s blossoming housing market. The city is an attractive place to live, work and invest in.
A report by JLL named Birmingham as a top performer in the UK property market. The city is predicted to see house prices increase above any other city over the next five years, making it the ideal place to purchase property in.
Birmingham Property Investment Opportunities
ERE Property has some great property investment opportunities in Birmingham and the surrounding area, with prices starting from just £99,000. Rental demand is high, especially among young professionals working in Birmingham city centre.
These are highly sought-after properties with strong capital appreciation and rental returns, fully managed by ERE.