Birmingham Property

Birmingham Property Investments

New Developments in Birmingham


Searching for new apartments for sale in Birmingham? Start by tracking the regeneration of Birmingham throughout the years you will see the Birmingham house price growth have increased fastest in the Jewellery Quarter regeneration area with prices rising 25% over five years.

If you want to buy new developments in Birmingham, citywide property hotspots are unveiled in the best areas to invest in property in Birmingham. As the UK’s second City Birmingham is compared vs Manchester and London; on many levels it is still worth investing in because infrastructure changes, regeneration and transport improvements growth.

We feel that the improvements are making areas like Digbeth an attractive place to live and new apartments for sale in Birmingham will make a good buy to let investment and we hope you do too.

Birmingham Property Market

Affordability

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Best Areas to Invest in Birmingham

Best Areas to Invest in Property in Birmingham

Birmingham is often affectionately known as Britain's Second City, and for good reason. It's Britain's second largest city by population and has the second largest city economy outside London. More businesses are moving to the city, and consequently young professionals.

As Birmingham regenerates and more people are looking to relocate, we analyse where exactly the best areas to invest in property in Birmingham are, whether you are looking for high capital growth or good rental yields, read our report to find out where the best areas to invest in Birmingham are =>

Where should you invest in property in Birmingham?

Birmingham has recently come into the spotlight as a promising place to invest in property. With the arrival of HS2, it is set to become even better connected, and regeneration has meant that people are now comparing Digbeth to London’s hip Shoreditch. Where are the best areas to invest in property in Birmingham? Should you invest in an area that has undergone regeneration, or should you invest in an area that has until recently remained in the shadows?


  1. Is Birmingham a Good Place to Invest?
  2. Birmingham’s Booming Business Sector
  3. Birmingham’s Cultural Offerings
  4. Birmingham’s Young Population
  5. Birmingham house price growth
  6. Best areas to buy property in Birmingham
  7. Is it still worth investing in property in Birmingham?

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Is Birmingham a Good Place to Invest?

Many people will wonder whether Birmingham is a good place to invest in property. Birmingham is widely known as the UK’s second city, yet its still affordable compared to London. The average property price is £204,929 according to Zoopla, compared to London at £653,965. House prices are over three times as much in London, yet the average wage has not kept pace. In London, the average wage is £37,000, and in Birmingham it is £29,000. The relationship between wages and demand for housing cannot be underestimated, if people cannot afford housing, the demand will go down and so will the prices, it is why now when wages are not rising the housing market in London is stagnating.


Birmingham’s Booming Business Sector

Another driver of property price is regeneration and business growth. People are always going to chase jobs, and they want to live in an exciting location with plenty of cultural entertainment on their doorstep, good transport links and facilities. In recent years Birmingham has welcomed HSBC and Deutsche Bank offices, and HSBC is now one of the city’s largest employers. Pricewaterhousecooper has already signed the lease on offices in one of the largest schemes in the city centre, Paradise Birmingham.

Along with business relocation, there are the numerous redevelopment projects. From Paradise Birmingham, to the regeneration of Digbeth and the introduction of HS2, Birmingham is constantly evolving and providing a better living experience for its residents.


Birmingham’s Cultural Offerings

Birmingham also offers a wealth of cultural experiences for residents and visitors alike. Outside of London, Birmingham is home to the most Michelin-starred restaurants and has a thriving arts scene. More tickets are sold at the Birmingham Hippodrome than by another theatre, including the West End. It also boasts the unique Jewellery Quarter, home to Europe’s largest school of jewellery, and the UK’s second oldest independent art gallery, the Royal Birmingham Society of Artists. The Jewellery Quarter is another area in Birmingham that has been pinpointed for regeneration, with the aim to develop the Quarter into a hub for creative businesses.

Having a colourful arts and culture scene provides a huge benefit to cities in terms of attracting new residents and boosting tourism. Galleries, museums, and theatres help enrich the lives of current residents and these attributes makes the area a more appealing place to live.


Birmingham’s Young Population

40% of Birmingham’s residents are under the age of 25, making up the core rental market. It also has the 4th highest graduate retention rate with 41% of its students choosing to stay in the city. This is ideal because upon graduating, they will need to rent property until they have saved a deposit to buy. This means that investors will have a consistent stream of tenants and then a market to sell to.

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Birmingham house price growth

With all the potential, it is no wonder that Birmingham house price growth has accelerated above the national average. Since 2016, property prices have increased by 16% which is the highest in the UK. They are meant to increase by a further 15% by 2023.


Best areas to buy property in Birmingham

If you want to know whether Birmingham is a good place to invest in property, the answer is yes. If you are looking to achieve capital growth, property prices are rising faster than other UK areas. Rental yields also outperform the national average at 5%. Successfully investing in Birmingham does depend on where you invest in Birmingham. Here is our definitive list of where to invest in property in Birmingham.

  1. Holloway Head
  2. Digbeth Regeneration
  3. Erdington
  4. Edgbaston
  5. Perry Barr
  6. Jewellery Quarter Regeneration

Holloway Head

Holloway Head has been compared to Digbeth and the Jewellery Quarter, but up until recently has not enjoyed the same amount of exposure as the other two. Holloway Head is situated in Birmingham’s city centre, close to the Chinese Quarter. Its location marks out some of its appeal, being just a short walk away from the Bullring shopping centre and New Street Station. Recently it has been undergoing some amount of regeneration, with plans to build large penthouses. It is already home to the most expensive penthouse in Birmingham, and people have forecasted that the area may turn into a “millionaire’s row.” The High Street Group are also planning a 487-unit residential apartment scheme with commercial space and parking.

With large residential schemes cropping up in the area and a coveted location, surely now is the time for individual investors to consider property in Holloway Head.


Digbeth Regeneration

Digbeth Regeneration has really started gathering pace now, it has been named the “Coolest Neighbourhood in Britain” by the Sunday Times. Regeneration has combined its industrial past with artistic influences. It is a vibrant inner-city area known for its art and music scene. It is home to a range of independent shops, cafes, and bars. Warehouses are being converted into homes and shared office space, and the Custard Factory (previously a Bird’s Custard Factor) has been transformed into 15 acres of shops, restaurants, event space and digital enterprises.

Digbeth is becoming more attractive to young creatives and property prices reflect that, although the average is still relatively modest at £150,389, it has jumped 19% in a year. Perhaps it is time investors consider Digbeth to take advantage of rising property prices too.

Westminster Works is one property investment opportunity in Digbeth. Westminster Works comprising 220 high-spec one-and-two-bedroom apartments. The development comes with a wealth of amenities including a concierge service, 24/7 security service, Sky Lounge access and smart technology. Apartments start from £178,420 and a 6% rental yield is thought to be achievable. Westminster Works is due to complete Q1 of 2022, and investors can utilise payment plans offered by the developer as just a 15% deposit is required up front.

Digbeth

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Erdington Regeneration

Perhaps a little outside of the centre compared to the first two areas, Erdington is still just a 12-minute journey to Birmingham’s city centre. It has its own high street, which is getting a huge revamp to include a cinema, restaurant quarter and public square and a £7.5 million leisure centre. The council is also vying for £42 million or private investment to ensure the plans can go ahead and be expanded upon.

Once this Erdlington regeneration project gets underway, we can property prices in the area begin to rise, especially as it already occupies an advantageous location in the city with plenty of transport links.

Erdington is popular with students which explains why rental yields that can be achieved are usually higher compared with other areas at 5-6%. According to Zoopla, average property prices are £164,759.

erdington


Edgbaston

Further out of the city you have Edgbaston. It is a leafy suburb, but its proximity to the city centre and the University of Birmingham makes it an ideal location for families and students alike. This means investors will have more option to who they rent the property if correct licences are obtained for HMO rentals.

Edgbaston is not lacking with regards to cultural activities, it is also home to Edgbaston Cricket Ground, independent bars and cafes, Victorian Botanical Gardens, Midlands Art Centre, and Cannon Hill Park. With all its offerings, it is understandably already a coveted affluent area so there will be no shortage of willing buyers when it comes to selling your property.

Average property prices in Edgbaston have increased by 39.04% over the past ten years to £295,700. Although that is a higher entry point compared to most areas on our list, it is important to note the appeal of Edgbaston and its stock. Rents have kept in line with property price increases, with average monthly rents standing at £1,014. The quality of properties in Edgbaston offer some degree of security to investors as it will always be in demand. This makes Edgbaston one of the best places to buy a house in Birmingham.


Perry Barr

Perry Barr will be regenerated for the 2022 Commonwealth Games. A couple of the proposed projects include an upgrade of the railway station and a new interchange, new housing developments, improved sports and leisure facilities, a new secondary school and sixth form and road improvements. Such as what happened with the London docklands and Stratford area with the 2012 Olympics, we can envisage an increase in desirability once the regeneration takes effect.

Over the last ten years, property prices have risen by 39%, and as regeneration projects begin to take effect, we think demand for rental property in the area will increase. Read our buy-to-let property guide to understand why it is a great time to be investing in UK property.

Perry barr

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Jewellery Quarter Regeneration

The Jewellery Quarter is a central district in Birmingham that derives its heritage from the jewellery trade. At its peak over 30,000 people were employed in the area, and today it still accounts for 40% of all jewellery made in the UK. Due to the decline in the industry, it has been redeveloped into a vibrant hub of creative businesses.

The Jewellery Quarter regeneration was one of the first due to its close proximity to the city centre; new offering of museums, bars and restaurants has attracted waves of young creatives to the area. This has increased demand for property in the area, and as such prices have increased by 28% over the past three years – making it one of Birmingham’s most coveted districts.

The Jewellery Quarter is an established Birmingham property hotspot, which gives investors some degree of certainty regarding its appeal.

JQ Rise is one opportunity in the Jewellery Quarter. It is a new development comprising 226 one, two & three bed apartments between £199,995 - £449,995. The estimated yield is 5.5% and it is due to be completed in Q2 of 2022. Payment plans are available and just a 5% deposit is required.


Is it still worth investing in property in Birmingham?

There is still plenty of potential in for investing in Birmingham Property. Regeneration projects such as Paradise Birmingham and the Big City Plan are still underway, which will encourage more people to move to the city for employment. Its demographic is perfectly poised for renting and later buying property in Birmingham regeneration projects.

Property prices in Birmingham have been on the up since regeneration projects have started, but they are still considerably lower in comparison to other key cities such as London and Manchester. With its employment and entertainment offerings, more people are expected to move to the city. As housing remains affordable, there is still scope for increase which is why the time to invest in Birmingham is now.

If you are looking for Birmingham buy to let property, speak to one of our investment consultants today. They will present new development opportunities across the city, not listed on our website.

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Second city for property investment

Where is the UK’s Second City for Property Investment?

Whilst Birmingham and Manchester compete over the UK’s “second city” status. They also compete on which place is more lucrative for investment. Which will come out on top, the one that is famed for being home of Eccles cakes and two world class football teams, or the one with the most Michelin star restaurants outside of London?

Read on to find out which city performs better in terms of rental yield and capital growth for property investment by clicking on the arrow below =>

The birthplace of The Smiths vs the birthplace of Duran Duran; Manchester and Birmingham both contribute massive amounts to the UK in terms of culture. Manchester boasts two world class football teams and the infamous Eccles cake; Birmingham has the Balti Triangle and the most Michelin star restaurants outside of London. The recent regeneration of the cities, and influx of new companies means that they have become increasingly attractive to young professionals looking to kick-start their career. These two cities go head-to-head as we compare them to see which place is better for buy to let property investments.

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Businesses moving to Birmingham and Manchester from London

Both Birmingham and Manchester are enticing professionals out of London. 7,620 people left London for Birmingham and 10,200 people left London for greater Manchester according to figures from the Office for National Statistics and Reach PLC respectively. Both cities have experienced a large amount of investment and some companies have been moving their headquarters from London to Birmingham and Manchester due to cheaper rents. Amazon are setting up their first building in Manchester later this year and the transformation of MediaCityUK has attracted brands such as ITV and Kellogg’s. Similarly, companies are finding Birmingham increasingly attractive, PwC has announced it will take up all the commercial space at One Chamberlain Square and BBC Three have moved part of their business to the city.

One Chamberlain Square Birmingham


Young professionals leaving London for Birmingham and Manchester

One reason why people are moving out of London in such numbers could be the cost of living, including rent and house prices. According to Rightmove, the average house price in Birmingham is £202,721 and in Manchester it is £203,203. This is compared to London which has an overall average house price of £618,065. Rent is also considerably cheaper in Birmingham and Manchester compared to London, which stands at a whopping £1,473 per month on average.

With more affordable rents and job opportunities like what is available in London, it is understandable that young professionals have been moving to Manchester and Birmingham. In fact, Birmingham has one of the youngest populations in Europe, with 40% of the city’s inhabitants being under the age of 25. Manchester’s city centre population has grown by 149% between 2002 – 2015 and job growth has been 84% between 1998 and 2015.

Areas such as Digbeth in Birmingham are attracting a young, artistic crowd and this is reflected in the number of creative working spaces and craft breweries that are popping up – mirroring the popularity of Shoreditch in London. One particular investment option in Digbeth is Moseley Gardens, a new development comprising 67 one and two-bedroom apartments. Due for completion in Q2 2020, one-bedroom flats in Moseley Gardens start from £185,000. These could be an ideal option for someone looking to live in the area, or the astute investor who knows Digbeth will soon be one of the most coveted areas in Birmingham.

Similarly, Salford Quays is an area in Manchester which has been propelled into popularity due to the creation of MediaCityUK and the relocation of broadcasting companies such as the BBC and ITV to the area. A waterside location with polished high-rise flats, it is like the Canary Wharf of Manchester.

Manchester’s city centre has experienced a lot of regeneration, from Spinningfields and Deansgate to Ancoats and New Islington. Local Blackfriars is a new development on Blackfriars Street close to the Northern Quarter and Manchester’s shopping district. Residents will be spoilt for choice in terms of eateries, bars and shops to explore. Local Blackfriars /local-blackfriars-manchester-buy-to-let boasts impressive communal spaces and amenities such as a 24/7 concierge service, bistro, bar, a gymnasium, cinema room and fully equipped laundry room.

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Birmingham v Manchester in investment terms

With regards to population growth, Cushman & Wakefield estimate that Manchester’s population will swell by 56,000 by 2034. Between 2018 and 2028 Birmingham’s population is estimated to increase by 7.2% (81,400) according to Birmingham city council.

Although Birmingham’s population is predicted to increase more than Manchester’s, Manchester has a higher average house price indicating that property is more in demand in the northern city. Not only that, it got named as the best place to live in 2018 in the UK by The Economist’s 'Global Livability Index'. Birmingham holds no such accolades, which may swing things in favour of Manchester in terms of how much people are willing to pay for homes in the area.


Graduate retention in Manchester and Birmingham

Manchester and Birmingham are relatively evenly matched when it comes to graduate retention and attraction, probably due to the multi-national companies moving to the cities. These young professionals will obviously contribute to rental yield and eventually capital growth, as they will rent whilst getting settled in their career and will eventually buy. Manchester retains 51% of the city’s graduates and Birmingham retains 49% of all its graduates. Birmingham saw the third largest inflow of graduates who had no prior links to the city – just behind Manchester. 53% of those who grew up in Birmingham returned to the city after graduation, and it was 58% for Manchester. There is no great disparity between graduate figures and we do not think the difference will be enough to swing investment fundamentals in either city’s favour.


Rental yield and capital growth prospects

Manchester performs slightly better than Birmingham in terms of rental yields, offering an average of 5.55% compared to Birmingham’s 4.61%.

In Birmingham, the average weekly wage is £527, this is compared to an average weekly wage of £512 in Manchester. Although not a massive disparity, the higher wages coupled with lower property prices could mean that in future residents in Birmingham are in a better position to buy property compared to residents in Manchester. A larger proportion of wealthy young professionals looking to buy property will obviously have a positive effect on capital growth. This is reflected in house price growth, with Birmingham edging Manchester slightly at 16% compared to 15% since June 2016.

Birmingham also has the advantage of more rapidly improving transport infrastructure. HS2 will shorten travel times to London from 82 minutes to 45 minutes. Being in the midlands, it is also easier to access other parts of the United Kingdom. Manchester’s transport infrastructure is also improving as part of the Great North Rail Project. All of Manchester’s train stations have been connected by a 300m long bridge called the Ordsall Chord which helped people travel across Manchester more easily, as well as making Manchester Airport more accessible.


Where is the UK’s second city in terms of investment?

Manchester certainly commands higher rental yields, and more people have left London for Manchester compared to Birmingham. However, the transport infrastructure improvements in Birmingham will make it increasingly attractive and this is reflected in the fact that its population is due to increase at a higher rate than Manchester’s.

If investors are looking for a more short-term investment, we would recommend investing in property in Manchester as it is already attractive to tenants and buyers. Manchester has already enticed global companies and young professionals to the city. Longer term, is there scope for much more growth and regeneration? It appears Birmingham has further to go in term of regeneration in the pipeline and room for property prices to increase, whilst still allowing investors to buy into the market at a lower price.

Contact a property investment company such as One Touch Property Investment today, as we have ideal investments in each city and we can provide guidance to help you achieve your financial goals and assist with your property search.

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Is Birmingham a Good Place to Invest in Property?

Is Birmingham a Good Place to Invest in Property?

The second instalment of our “Property Investment Spotlight” series focusses on Birmingham, often known as Britain’s “Second City”.

Birmingham is becoming a more popular choice for property investors who are priced out of Manchester, London, and the South East. Birmingham itself is an incredibly affordable city for property, and offers a thriving cultural scene and a booming jobs market.

As more people recognise the value of investing in property in Birmingham, it's inevitable that prices will soon start to rise. Especially as transport links are improving with the construction of HS2. Read on to find out what else makes Birmingham such a good place to invest in property, and click the green arrow to discover why now is the best time to move forward =>

Here are the top reasons why you should be considering Birmingham for your next property investment

With prices in London spiraling out of control, businesses and individuals alike are looking outwards at other cities to invest and live in. Previously, we have discussed the benefits of property investment in Manchester, and today we discuss the appeal of investing in Birmingham. Birmingham’s cultural offerings, more affordable prices and booming business sector has made it an increasingly attractive prospect.


Birmingham – Britain's Second City

Birmingham is often affectionately known as Britain’s second city, having one of the largest populations outside of London. Birmingham has the one of the largest legal and financial services centres outside of London, with a GVA of £226 billion. It also enjoys a strategically advantageous position in the country, as 90% of the population can reach Birmingham in under four hours.

It is predicted that with the construction of HS2, more people will move to Birmingham and commute to London. HS2 journey times between Birmingham and London will take 49 minutes – the typical London journey to work is 45 minutes. Can you imagine what impact that will have on Birmingham house prices?

More people commuting will increase demand for land and thereby drive up the associated cost of new developments. As land costs rise the feasibility of new developments becomes constrained. Fewer developments means more demand for a limited supply, which is positive for rental income and capital growth.


Birmingham's Young Population

Similar to Manchester, Birmingham boasts a young population – the youngest of any major City in Europe in fact. Under 25s make up 40% of the population, and one third of the city’s inhabitants are from an ethnic minority, making it one of the most diverse cities in the UK. Its young demographic lends itself well to the rental market, as young adults generally do not have the capital to invest, or the inclination and would rather experience living in different areas.

Recent graduates of Birmingham’s universities are also increasingly likely to stay in the city, due to the quality of life, more affordable prices and job prospects.

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Birmingham's Cultural Offerings

Birmingham also offers a wealth of cultural experiences for residents and visitors alike. Outside of London, Birmingham is home to the most Michelin-starred restaurants and has a thriving arts scene. More tickets are sold at the Birmingham Hippodrome than by another theatre, including the West End. It also boasts the unique Jewellery Quarter, home to Europe’s largest school of jewellery, and the UK’s second oldest independent art gallery; the Royal Birmingham Society of Artists. The Jewellery Quarter is another area in Birmingham that has been pinpointed for regeneration, with the aim to develop the Quarter into a hub for creative businesses.

Having a colourful arts and culture scene provides a huge benefit to cities in terms of attracting new residents and boosting tourism. Galleries, museums and theatres help enrich the lives of current residents and these attributes makes the area a more appealing place to live.

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Birmingham's Booming Business Sector

In the past, Birmingham has beaten other cities to the top of the table in terms of economic growth, as its GVA increased by 4.2% between 2012 and 2013. Birmingham was also HSBC’s chosen city for their new headquarters which created 1000 jobs and Deutsche Bank increased the number of people their employ in Birmingham from 50 to 2,000.

In 2016 LaSalle Investment Management invested £100m into a private rented sector scheme, clearly recognising the city’s potential. They will take a long leasehold in 603 build to rent apartments due for full completion in 2019.

Knight Frank recently named Birmingham as the UK’s number one business hotspot and with the creation of new jobs, young talent has followed. In 2015, 6061 people moved from London to Birmingham, which is more than to any other city.

The government’s “Midland Engine” scheme to stimulate economic growth will also boost Birmingham’s outlook.


The Midlands Engine

Birmingham is a city targeted in the Midlands Engine. The Midlands Engine is a government initiative aiming to stimulate economic growth in the East and West Midlands. The aim is to create 300,000 new jobs and £34 billion worth of growth within the next 15 years through focussing on five key themes – skills, innovation, transport, promoting the initiative and finance for business. The government is backing the scheme with a £5 million investment package, aiming to promote the initiative overseas and boost exports.

The creation of 300,000 new jobs across the midlands will obviously bring with it new working professionals in need of accommodation, thus increasing rental demand. It will also positively affect capital growth prospects as when the young professionals go forward in their chosen career and start to save, they will start looking to buy their own property.


Birmingham’s Housing Market

Birmingham has already made a case for itself as an attractive city for workers and businesses, and the significant amount of investment being pumped into the city will only see interest soar. Birmingham’s affordable housing stock has long been a key-driver in why it is considered an attractive place to live and invest. It is also worth noting that although investment for new homes in Birmingham is now being made, it is not enough to resolve the problem of few second-hand homes being put on the market. This means that there is fierce competition in the property market for homes in Birmingham.

Birmingham is frequently named as one of the best cities for buy to let, due to its high proportion of young professionals and modest house prices. Due to its increasing popularity, house prices are rising, and have been forecast to rise at a faster rate than London. According to Hometrack, year-on-year house price growth in Birmingham stands at 7.4% in January, compared to 6.4% in London. So now seems like the ideal time to invest, whilst house prices are still reasonable, even though they are on an upward trajectory.

*Due to the rise in demand for properties in Birmingham, now is a perfect time to invest. Start your property search today or contact one of our experts to learn more about upcoming opportunities in Birmingham. *

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The Regeneration of Birmingham

The Regeneration of Birmingham Throughout the Years

Since 2010 – 11 the Birmingham region has received £1.5bn of public sector money. This has created a host of new hotspots in Birmingham, and some very coveted places to live.

Some areas such as Digbeth have been compared to London's Shoreditch. This has made Birmingham a popular city with investors who are looking for modestly priced property. What has it been invested in and is it paying dividends? Click the green triangle to find out =>

Due to the incoming HS2 rail network and the Curzon Street regeneration, inward investment in Birmingham has made it an increasingly attractive prospect to investors, especially as other strategic cities are becoming ever-more expensive. Birmingham has undergone, and is currently undergoing, more regeneration than simply a new rail line though. Since 2010-11 the region has received £1.5bn of public sector money and more investment is on the horizon. Finally, it is paying dividends and has made Birmingham one of the best places to buy property and set up business.

birmingham


Regeneration Creates Birmingham Property Hotspots

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The effects of regeneration on business and population growth


HS2 and Curzon Street Regeneration

HS2 will decrease travel times to various important cities across the UK and will make Birmingham a more attractive place to live.

The new Curzon Street station in Birmingham is due to open in 2026 with seven platforms. Not only will it provide high speed travel to cities across the UK, it will also act as a public space and gateway into Birmingham city centre. There will also be a residential development comprising 4,000 new homes built on the site.


Regeneration of New Street Station

Work started on the regeneration of New Street Station in 2010. Work included redeveloping the station and the shopping centre that sits on top of it. Work took around five years to complete and in the end the shopping centre was re-opened as Grand Central and included a new John Lewis store. Upon its completion, it has acted as a catalyst for growth for the area’s local economy and has improved links to the city centre.


Snowhill

Dubbed Birmingham’s answer to London’s Canary Wharf, it comprises three buildings which were built over ten years and offer a vast amount of office and leisure space. Snowhill is the largest speculative office scheme outside of London and has metro links from its station Snow Hill to New Street in Birmingham. Birmingham’s Big City Plan

Birmingham’s Big City Plan is an ambitious 20-year city centre masterplan to improve the economy and infrastructure of the city. It includes creating over 50,000 jobs, 1.5 million square metres of new floorspace, a walkable city centre, 28km of new walking and cycle routes and 5,000 new homes with recreational facilities and more.

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Paradise is a Birmingham Property Hotspot

Paradise is a city centre regeneration project that spans 7 hectares of space between Chamberlain and Centenary Squares. The project includs the creation of office space (some of which PricewaterhouseCoopers has claimed), a hotel and commercial space for restaurants and shops. Due for completion in 2028, the development will be made up of 1.8 million ft2 of up to 10 new high-quality buildings comprising bars, office space, restaurants and retail space. It is understandable why Paradise will be come a Birmingham property hotspot and further enhance the city's appeal as a great place to live and work.


Commonwealth Games

Birmingham and the West Midlands region will benefit from a £778 million investment to host the 2022 Commonwealth Games. Over one million tickets will be sold to spectators in Britain and across the world and it will give Birmingham the opportunity to capitalise on tourism, business trade and a larger jobs market.

Part of the regeneration will see an Athlete’s Village in the Perry Bar neighbourhood of Birmingham. Along with that, the area will see an improvement in transport links, the environment and new commercial and residential developments. A multi-million-pound aquatics centre is also due to be built in Sandwell.


Birmingham Property Prices

To welcome visitors coming to Birmingham for the 2020 Commonwealth Games, Birmingham’s city centre is due a £25 million regeneration. Birmingham property prices will receive a boost from the various improvements across the citywide regeneration which includes; renewing 40,000 square metres of public space, repairing The River fountain in Victoria Square and extending the pedestrian area around it, replacing pavements and improving security measures in specific city centre locations.


Galliard Homes and Apsley House Capital

Galliard Homes has teamed up with Apsley House Capital to deliver £500m worth of regeneration projects in Birmingham. These include Soho Wharf – the transformation of derelict industrial land into a new canalside community with apartments and public piazzas, and St Paul’s Quarter which will provide the local area with 98,297 sq ft of retail, leisure and commercial space.


Creation of the Beorma Quarter

Digbeth is very much like the “Shoreditch of London” with its red-brick housing and street art. Beorma Quarter is a 2.2-acre site in the city centre which will comprise 250,000 sq. ft of Grade A Office Accommodation, 227 apartments and 15,000 sq. ft of retail and leisure space. The creation of the Beorma Quarter will bring new job opportunities, professionals and commerce.

Beorma court


The Custard Factory

The Bird’s former custard factory was redeveloped to house 101 small and medium sized creative industries. The ground floor loading bay was re-purposed into a lake, flanked by dance studios and galleries. This iconic redevelopment has attracted creative companies and individuals to the area and reflects Digbeth’s evolving surroundings.

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The effect of regeneration on business and population growth


The Attraction of Businesses to Birmingham

In 2007, Deutsche Bank opened in Birmingham and has since expanded their portfolio across the United Kingdom. HSBC has also returned to Birmingham and PwC have confirmed that they are taking up commercial office space at One Chamberlain Square. Even BBC Three has chosen to move part of its business base to Birmingham. The relocation of these businesses to Birmingham ensures that people from a wide range of professions will be following employment opportunities, hence increasing demand for property in the UK’s second city.


Why invest in property in Birmingham

Affectionately known as Britain’s second city, Birmingham has one of the largest populations outside of London. Birmingham has the one of the largest legal and financial services centres outside of London, with a GVA of £226 billion. It also enjoys an advantageous position in the country, as 90% of the population can reach Birmingham in under four hours. This makes it an attractive place for businesses that need easy access to the rest of the UK. With HS2, it will be even easier for them to transport goods across the country.

It is predicted that with the construction of HS2, more people will move to Birmingham and commute to London. HS2 journey times between Birmingham and London will take 49 minutes – the typical London journey to work is 45 minutes. Can you imagine what impact that will have on Birmingham house prices?

Smart money is already being invested there; in 2016 LaSalle Investment Management invested £100m into 603 apartments built for the private rented sector. Surely, it’s time to consider adding Birmingham property to your portfolio.

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Job creation in Birmingham

In the past, Birmingham has beaten other cities to the top of the table in terms of economic growth, as its GVA increased by 4.2% between 2012 and 2013. A lot of companies are investing in Birmingham and this is evident with HSBC’s chosen city for their new headquarters was Birmingham. Which created 1000 jobs and Deutsche Bank increased the number of people their employ in Birmingham from 50 to 2,000. Knight Frank recently named Birmingham as the UK’s number one business hotspot and with the creation of new jobs, young talent has followed. In 2015, 6061 people moved from London to Birmingham, which is more than to any other city.

As above, young talent has followed job creation. This has meant that Birmingham has a significant young population with under 25s making up almost 40% of the city’s inhabitants. Its young population lends itself well to the rental market, as they often don’t have the capital to buy a property and enjoy the freedom of renting before they decide where to lay down roots. The demographic can also contribute to capital uplift, as once they have saved up the money for a deposit, they will be a captive audience to purchase existing properties in the future.

Birmingham is the largest city in the UK outside of London, and one of the largest financial centres in the UK. As a result of the employment opportunities, Birmingham performs well in terms of graduate retention, being the sixth highest in the UK. This means if you own property in Birmingham, it is likely that there will be a healthy pool of affluent young professionals who will be looking for property just like yours in years to come. This means that property in Birmingham has opportunity for capital growth. This is evidenced in the fact that over the past five years, the average price for property in Birmingham has already increased by 29.46%.

From the £10 million revamp of Centenary Square to the £450 million canalside regeneration scheme, Birmingham is experiencing lots of inward investment to its public spaces. Alongside HS2 making it easier to travel across the UK, Birmingham is the place to start considering property investment.


Buy to let properties in birmingham

Buy to let properties in birmingham's Jewellery Quarter have experienced high levels of demand and price growth as a result of the Jewellery Quarter regeneration. Consequently, prices of apartments for sale in the Jewellery Quarter have increased by almost 25% (24.71%) in the past five years according to Zoopla. Although Jewellery Quarter property prices have risen rapidly in they are now starting to taper off. In the last 12 months property prices in the area still rose by around 3%. Now average house prices in the B1 area stand at £209,747.

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There are areas where growth has been slower but steadier, and the overall average is lower, indicating that they have not yet reached their full potential with regards to house price growth. In the B12 post code for example, the current average house price value is £160,238. It’s also a central area, less than fifteen minutes’ walk from the city centre compared to the Jewellery Quarter which is around a 20-minute walk from the city centre. As part of the Big City Plan, Birmingham’s Eastside and Southside are undergoing a huge amount of regeneration. The B12 post code covers part of Digbeth in Birmingham’s Eastside. Consequently, the regeneration and improvement work focused in the area will allow for a lift in property prices. If you are excited about the capital growth prospects in Birmingham, please register your interest. We would be delighted to assist you!

Birmingham Property - Guidance & Tips

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