Is Birmingham a Good Property Investment Location?

As a property investment location, Birmingham is one of the most diverse and dynamic places in the UK. It has an excellent range of properties to suit all budgets and lifestyles. The city offers some great amenities such as sporting facilities, arts centres and galleries, cinemas, theatre productions and outdoor activities. This means that it is possible to find a property for any purpose or taste in this bustling metropolis.

The City Council have invested heavily in Birmingham’s infrastructure-particularly on new roads since 2000 alone. With excellent transport links from London (an hour away), Cardiff (90 miles) and Manchester (130 miles) there are plenty of options when it comes to commuting locally or out of town if you prefer a quieter lifestyle.

Here are the other reasons to invest in Birmingham property:

1. Lower property prices compared to other prime locations in the UK.

Birmingham is one of the most affordable cities in Great Britain. The average value for a buy-to let property with an average price point at only £208,241 which makes it incredibly budget friendly when compared against other UK locations like London where properties are 263% more expensive on average, even though they may look cheaper from the outside due their proximity towards central areas.

However, you will not reap these benefits if your home purchase falls through because there’s no way someone else won’t snap up all available homes before long.

2. Growing capital growth.

The Land Registry data for buy-to-let Birmingham properties shows that prices have increased 198.68% since June 2001, placing it among the most profitable investments in England right now – but don’t let this statistic mislead you into thinking there’s no risk involved.

As with any real estate market, international events can heavily affect local prices; Brexit and Covid 19 are just two recent examples which caused major fluctuations within our city’s economy over five years ago (both had significant impacts on people moving away or staying put).

3. Cater to the housing demand of families and young professionals.

The demand for Birmingham buy-to-let properties is one of the hottest in UK. This may be because there are many people who want to live here, either students or families; plus it’s not too expensive which makes financing an investment feasible with lower monthly payments than other cities offer.

The wider area also has over 1 million residents making up this large population centre like London (recorded at 8,987). When you break down all these stats by age groups among others things become clearer as well: young professionals have been pushing out baby boomers since 2010 while Generation X follows closely behind, taking up about 25% less home share space per capita than their predecessors.

4. Take advantage of regeneration.

Regeneration schemes in Birmingham are helping to grow the economy and make it more appealing for property investors.

The city has three major regeneration strategies that could create 50,000 new jobs: Big City Plan (set to provide £2 billion), High Speed 2 (HS2) which will allow residents’ commute from Birmingham into London only takes about an hour down from 1-3 hours currently with less traffic congestion caused by increased train frequency thanks its proposed route passing through the city.

Finally, there’s the Smithfield Development Project located at 14 hectares promising 1000 homes alongside three thousand construction related positions making this project potentially lucrative for business growth.

Reference:

https://www.rw-invest.com/birmingham-property-investment/#content-section-14

https://sevencapital.com/birmingham-property-investment/why-invest-in-birmingham-property/