4 Reasons Why HS2 High Speed Train is a Game Changer to Property Prices in Birmingham.

  • HS2 is the fastest running train in Europe connecting London to the top 3 Northern Cities of UK. This train will cut the journey to Birmingham to just over 45 mins which is the same as getting from Central London to some Outer areas of London! This means the working sector can commute far more easily between the capital and their offices in Birmingham.
  • The redevelopment of the Birmingham Curzon St Station together with the Big City Plan will introduce a huge number of jobs in the city. It is the largest regeneration in the history of the Northern Cities of Birmingham, Manchester and Liverpool so the population is expected to go up exponentially.
  • There will be a huge increase in tenant demand from renters who will leave London to move to cheaper property and work in London and from renters in Manchester and Liverpool who will move to Birmingham to commute weekly to their head offices in London.
  • The commercial sector of Birmingham will become the largest business, professional and financial hub in the UK outside of London with already a huge number of Fortune 500 companies having their headquarters in Birmingham as a knock on effect of being the closest largest city to London driving up the population.

Just this reason alone will drive up property prices stratospherically in this decade. Off course, there are several other major reasons why Birmingham should be your next purchase.

For further information on this or to know which properties are available in Birmingham City Centre, please contact us.

The UK Mini- Budget and it’s Effect on the Housing Market

Last week the UK government announced its first mini budget since Liz Truss became prime minister.

There were several moves specifically designed to boost the country’s economy through the current climate.

The most notable for the housing market was the permanent Stamp Duty Tax cut and the Corporation Tax cut. The government has also vowed to increase UK housebuilding to keep up with the growing demand.

While this is much needed in the long run, with Bank of England needing to control inflation, interest rates will need to rise further in the interim.

For finance buyers this isn’t what they want to hear, however with savings on house prices at this time, the falling pound and the new stamp duty savings, they can look to take advantage of the market and possibly refinance in a couple of years when they can reanalyze the rates.

For cash buyers, a softening market along with huge savings on the exchange rate at this time, presents the perfect opportunity to add to their portfolio.

In the next coming months, we will be able to see how the government will support the housing market as it has already shown its keenness to keep it as a priority.

For a conversation on how to take advantage of the current climate and make it work in your favour rather than sitting on the sidelines, please contact me

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