Birmingham climbs 14 places up the top European cities for property investment.
Birmingham is quite an attractive residential property investment location – it is the UK’s second biggest conurbation after London and has two large Universities, Birmingham University to the west and and Aston University in the city centre. Regeneration has been gradual over the last decade as Birmingham has recovered from the steep decline in manufacturing in the 1980s. Prices have already risen quite strongly in most districts.
The population of the conurbation of Birmingham is some 3,000,000 although Birmingham itself is just over 1,000,000. Birmingham is famous for its engineering (cars, machining, light engineering), manufacturing and distribution. The services sector has increased substantially in the last decade and there is a positive feel about the area and generally good future economic prospects. One of its main strengths is its central location and huge population within a 2 hour drive. Rail and motorway networks are extensive and the new M6 toll road has helped alleviate traffic congestion on the motorways in the West Midlands
The biggest and most prestigious university in the area is Birmingham University in Edgebaston. Aston University in central Birmingham is another large and successful university with a fine reputation in IT, science and engineering. These two student markets can be tapped by purchasing large Victorian terrace houses in the student neighbourhoods around Edgebaston and Aston.
Birmingham City Council also recently announced £13.2billion worth of investment plans for the city during the next five years – £10.5billion of that has been earmarked for the city centre.
Contact us today about your investment goals in Birmingham
1 .Sit down or over the phone we will discuss the type of property you wish to invest in, create an action plan and show you where you will make the return.
2.Then we’ll look for properties that suit you by:
- Using our relationship with estate agents and developers
- Looking at properties for sale and unsold at auctions
- Checking ‘off market properties” being sold by the owners or excising landlords