Birmingham was the most popular city destination for those migrating from London in 2017, ahead of cities including Manchester, Leeds and Bristol.
Large parts of Birmingham are undergoing massive regeneration, with billions of pounds already pumped into developing new areas such as the residential and retail zone of Smithfield, and a new cultural quarter in the east.
Liverpool, Leeds, Bristol and Manchester have all seen property prices increase over the last couple of years , Birmingham is next on the list with huge amounts being spent on improving the infrastructure.
HS2, the high-speed rail line that will connect London Euston to Birmingham, Manchester and Leeds from 2026, is never far from people’s lips when explaining the current buzz surrounding the UK’s second city. A further £1bn investment will create several new neighborhoods around the new Curzon Street HS2 station over the next 30 years.
Investors should focus on the city centre The core, within the ring road and including the business district and shopping district, is booming – not purely on a price scale, although we are seeing 7% increases year on year, but in terms of the number of companies moving to the city.
Deutsche Bank and HSBC are among the organisations setting up head offices in Birmingham; and HM Revenue & Customs is relocating 4,000 staff to the city.
Demand from “First time buyers” , “ Young Professionals “ and of course “buy to let” investors is at an all time high and expected to increase in line with the growing population, now is the time to consider investing before prices increase to the numbers seen in London and other recently boomed city locations.