Booming Birmingham !
Greg Stockton
Providing well researched investment property and advice to the very best international partners and their clients.
Reasons why Birmingham should be on your investment radar this year.
When the big boys move ... you follow !
1.?Goldman Expands in?Birmingham?With Office for Up to 800 Staff
2.More companies diversifying to?Birmingham?from London -?https://lnkd.in/eUA3KTPZ
3.?PwC adds new capital markets team to?Birmingham?-?https://lnkd.in/epivsyHM
4.?EY has today announced plans to establish a new Financial Services Technology Hub in the Midlands-?https://lnkd.in/ewpr_PDp
5.?Birmingham?is the primed to be the next hotspot for London leavers seeking better-value homes and a more relaxed lifestyle without forfeiting urban culture -?https://lnkd.in/e-wXbsGP
When transportation links improve its time to get on the train !
6.?HS2 (high speed rail) -https://lnkd.in/eifrqamQ ??https://lnkd.in/epk-XZYz
Need some more reasons ? go on then ....
1.?Strong Demand from the younger population
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Increasing by 10,000 people a year, Birmingham’s growing population is currently 1.14 million. With the youngest population in Europe and a?graduate retention rate of 41%, a quarter of the city’s population rent their properties.
2.?Strong demand from business professionals
A world-class hub for business due to its prime location, Birmingham is now a popular alternative to the capital for blue-chip employers to set up headquarters. Global companies such as?#goldmansachs ,?#deloitte ?#deutschebank ?#pwc ?#hsbc , have already started to relocate.
3.?Supply and Demand
Birmingham has a comparatively low supply of purpose-built rental homes. This supply and demand imbalance presents a prime opportunity for new build property. Renters are expecting more from their homes than ever before and are willing to pay a premium, new build properties are the city centre home of choice.
4.?Rents are Rising
With rents and demand at an all-time high in Birmingham, the rental yields for 2022 were averaging 6.56% according to?recent data from Zoopla. This is significantly higher than London’s rental yield of 2.9% and is expected to rise even further according to?JLL’s report, which predicts that rental prices in Birmingham could increase by 12% over the next five years – the highest level of growth in the country.
5.?Property Prices are Increasing
House prices in the city are growing too, with?Rightmove?reporting a 14% increase in the average price of a sold property compared to the peak of 2019. Still at a comparatively low average price of GBP 231,400, Birmingham is an attractive option to investors looking for a lower entry point and higher yields
?6.?HS2 UPDATE - High speed rail - https://www.youtube.com/watch?v=HP3fw7obfMk
Almost not a day goes by without Birmingham being in the UK press for its continued development and innovation. You can either sit and watch it grow or invest and enjoy the growth.
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1 年Greg Stockton, great article. Thank you for sharing. If you are an Investor or want to start Investing seriously, you might want to look at Keiretsu at https://bit.ly/2Zful6i, one of the largest Angel Investors networks in the World, recognized by Pitchbook.
UK Property Investment Consultant - Nigeria
1 年Great write up on Birmingham!