Birmingham is the largest city in the UK outside of London with a population of 1.1m and one of the country’s biggest financial and commercial centres.
With five universities and a student population of over 80,000 there is a vast tenant pool and the relocation of companies such as HSBC, PwC and Deutsche Bank to Birmingham will create a huge number of further professional jobs in the city.
Construction on the £100bn HS2 rail link is now underway and will further improve the city’s connectivity, drastically cutting travel time to other major UK cities and reducing the travel time to London to just 45 minutes.
One of the best performing cities in the UK with 8.2% price growth between Dec 17 – Dec 19 compared with London at 1.4% and 31% growth over the 5 year period from 2013-2018, outperforming the nationwide UK market.
Property prices in Birmingham are amongst the fastest growing in the country, further growth of 18% is predicted by 2024. Rents are forecast to increase by 19.7% within the next 3 years.