JQ Rise is a new buy to let in Birmingham city centre, occupying a much-coveted B1 post code.
JQ Rise is a new Birmingham property development overlooking the Jewellery Quarter area. It is close to Paradise, a new mixed-use office development, and Birmingham’s cultural offerings such as Arena Birmingham and Symphony Hall. JQ Rise comprises 226 one, two, and three-bedroom apartments. Each is designed to a modern standard and combines luxury with sustainability.
Birmingham’s Jewellery Quarter sits just on the edge of the city centre. It’s home to over 700 jewellers and independent retailers. Though the industry has declined throughout the 20th century, it is currently undergoing transformation into a hub for creative businesses, all while retaining the unique heritage of the area.
Birmingham has the UK’s second largest economy and is considered one of the UK’s key cities. Its fast-growing economy and regeneration have fuelled population growth. Consequently house prices have increased. Since June 2016 property prices are 16% higher, outperforming regional and national growth (12% and 9%).
It does not look like the increasing population and property prices will slow down any time soon. Birmingham is home to five universities which in turn educate over 73,000 students. Often these students choose to live in Birmingham after finishing their studies because of the career opportunities available and the more affordable cost of living. The relocation of global firms such as HSBC and Deutsche Bank only add to Birmingham’s appeal. Birmingham has one of the youngest populations in Europe, and as these new young professionals have just started their careers, they do not have the cash to buy their own homes so require accommodation. Once they have built their careers they are often in a position to buy, allowing buy to let properties to achieve good levels of capital uplift.
Contact us today to learn more about this Birmingham buy to let opportunity and why we think there will be sustained growth in Birmingham despite Coronavirus and Brexit.
One Bedroom Purchase Price