Why invest in Birmingham?
Birmingham has one of the largest legal and financial services outside of London and as a city prides itself on its rich and diversifying culture and vibrant city lifestyle. Recognised with having one of the highest quality of life within the UK outside of London, there is no surprise that there has been an increase in population growth which has meant the increase of demand for property.
As the UK’s fastest growing city, Birmingham has seen a population increase by over 100,000 since 2004 and now with around 40% of the population is estimated to now be under the age of 30, Birmingham holds the title of the youngest major cities in the UK. Cheaper house prices and an abundance of job opportunities are contributing to the increase of a younger population the city, including university graduates staying in the city as there is an advantage with more job prospects and the better quality of life. As a result Birmingham has become an attractive invest with higher occupancy levels and huge promise for investors.
A major part of the city’s £1 billion regeneration programme focuses around the HS2 high-speed rail network which will see Birmingham as one on the major stops with the new train line network by 2026. With travel times to be expected to reduce from 1.5 hours to only 50 minutes from central London to Birmingham, the city is set to see an increase of movement for business looking outside of London to set up head offices and will make the city a viable option for those looking to live in Birmingham, due to cheaper living cost, but still have the option to work in London. The HS2 will play a vital role in the increase of job opportunities with an estimated increase of around 50,000 new jobs created within in the city and surrounding areas.
Birmingham is already recognised as an attractive city for investment. Affordable housing and increased business opportunities are key factors for the overall interest over interest years. Investment into the UK’s second largest city has a positive property outlook for the long run. Consistently recognised as one of the best cities for buy to let due to the high number if it’s young professionals and moderate house prices. The increased popularity of Birmingham is sure to see an ongoing rise for house prices, faster than that to London, meaning now is the right time to invest with a promising ongoing upward trajectory and reliable investment opportunities.
Launching in September:
• Westminster Place is located within £1 billion regeneration zone in Birmingham City and close to the planned Smithfield regeneration
• Within walking distance to transport links and the HS2 Line
• Collection of 1 & 2 bedroom apartments with high specification throughout
• Concierge service
• Residents Gym and cinema room
• Parking available
10% due on exchange
90% due on completion