Birmingham's property Investments and Developments are 'Booming Marvelous'!
Birmingham is currently developing sites above the national average . Over the past three years, the city has boasted a 12% rise in employment levels and a 23% increase in house prices. HS2 line is further driving house prices up as demand for city centre homes continues to grow.
In the past year, 16 new-build developments have been completed and another 20 schemes are under construction. These projects include apartments, offices, and hotels and are bringing further investment to the thriving city. A Regional Crane Survey conducted by Deloitte even revealed residential development in Birmingham is at record levels
Employment figures from the Office for National Statistics between 2015 and 2018 and property sales figures from estate agency group Countrywide showed 16 of the top 25 local authorities that had a rise in employment rates also saw higher than average house price increases.
- The Times looked at a study by estate agency Hamptons International, which revealed the West Midlands’ economic and employment boom has positively impacted the region’s property market.
There has been a 6% increase in employment levels in West Midlands from 2015 to 2018, while the national average during that same time period was 3.5%. Savills forecasts the West Midlands to see a 14.8% growth in second-hand property prices across the next five years, suggesting the future looks bright.
So if you are looking to invest in property I would definitely take a good look at Birmingham and if you want any advice or to have a discussion drop me a message or give me a call as I was bought up in the city, still live in city and now acquire property investments for myself and others in the city.
Jason Holden ( www.designspace2.com ) Mobile 07919523106