Property Investment Birmingham

Read why you should invest in Birmingham now

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Known by many as the UK’s ‘second city’, Birmingham is the second most populated urban centre (1.1 million) in the UK and the most populated English local government district (2.9 million), making it the heart of the Midlands.

Originally one of the booming centres of Britain during the Industrial Revolution in the 19th century, Birmingham was one of the key targets during WW2 and was decimated by the German Luftwaffe. The collapse of manufacturing following deindustrialisation forced the city to adopt a service economy, and it is now the third-largest financial centre in England.

With its central location in England and excellent connections to the rest of the country, Birmingham is a convenient location for logistics, which will only be improved with the arrival of the HS2 high-speed rail.

Birmingham is an ideal place for landlords looking to invest in property as only 26% of residents own their property, meaning there is a high demand for renting. Property Fit know the best areas of Birmingham to invest in and which areas should be avoided, and we have already sourced some excellent properties there for our clients.

For more information on how you can tap into the potential of Birmingham with smart investments, get in touch with us and find out how we can help.

Facts & Figures

  • 1.1 million population within Birmingham city area.
  • 3.9% growth to 1.186M by 2028
  • 7.8% growth to 1.23M by 2038
  • Includes 80,000 students from eight universities
  • Young population 60% 16 – 74 vs 67% UK average for this age bracket
  • Culturally diverse: 27% Asian population. 4.5% Mixed race.
  • Only 26% (2011 census) own their own property. Massively below UK average of 63% (2016) Very strong demand for rental property
  • 2.9 million within the greater Birmingham Urban area
  • 5.9 million in the West Midlands Combined Area (WMCA)

Facts & Figures

  • Birmingham had the fastest growing economy outside of the South East and East of England during the second quarter of 2019
  • Dominated by the service sector & retails/events/conference sectors
  • 88% of workforce work in the service sector (44,000 businesses, 98% private)

Non Service employers include:

  • Rolls Royce
  • National Express
  • Royal Bank of Scotland/RBS
  • Cadbury
  • Sainsburys
  • Jaguar
  • Whitbread
Its central location in England makes Birmingham an ideal location for logistics with easy access for commuters. •Motorways (M5, M6, M40) •Rail (Birmingham New Street, HS2 2030) •Air Travel (Birmingham Airport) •Only 127 miles away from London (a two-hour train journey) When the first stage of the HS2 high-speed rail is completed in the next few years, it will be much easier to travel around the UK and make regular rail lines less congested. Train times to Manchester and London will be much faster: Manchester – HS2 time 41 minutes, current time 87 minutes London – HS2 time 45 minutes, current time 82 minutes
  • According to data from Zoopla, the average property price in Birmingham over the last 12 months (to June 2021) was £223,896.
  • Detached house: £403,817
  • Semi-detached house: £235,324
  • Terraced house: £185,985
  • Flats: £136,826
  • Since 2015, growth of 5-10% per year
  • 6% for 2020, forecast due to Covid -4% but will bounce back strongly in 2021 2nd half

Birmingham Schools Facts & Figures

  • 647 Schools & FE Colleges
  • 370 Primary Schools
  • 167 Secondary Schools
  • 110 FE/6th form Colleges
  • 85 (17%) are ‘Outstanding’ OFSTED
  • A large number of excellent independent and private schools in Birmingham make it an attractive location for families
  • Almost all Birmingham’s A-Level performance indicators are better than national, Core Cities, Statistical Neighbours, and West Midlands Local Authorities

Birmingham Universities Facts & Figures

  • 80,000 students at 5 Universities
  • University of Birmingham #19
  • Russell Group – UK Elite Universities
  • Aston University #43
  • Birmingham City University #82
  • Newman University #122
  • University College Birmingham (not yet ranked)

Did you know in the next 10 years Birmingham has plans to get even bigger and even better?

Big City Plan

  • Stage 2- £10Bn over next 10 years – “ the most ambitious, far-reaching development project ever undertaken in the UK.”
  • 50,000 new jobs
  • Redevelopment of New Street Station
  • City centre development – Paradise Central £700M
  • Overseas tourist attraction – 4th most visited in UK.
  • 2022 Commonwealth Games Host
  • Metro Expansion inc. to airport
  • Airport Expansion – £500M.
  • 18 millions passengers by 2033 (currently 13 million)
  • HS2 High Speed Rail project 2030*

 

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