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Birmingham

伯明翰 برمنغهام

Birmingham

Birmingham is the UK’s second city and it has developed into a significant property investment market over the last decade. As the city transforms itself from a industrial giant into a modern 21st century business destination, this is the ideal time to buy property in Birmingham and make the most of a booming city.

Home to world-class businesses, high-tech research and development facilities, renowned universities and one of the youngest populations in Europe, this is a vibrant, business-friendly region that is thriving. Birmingham’s position at the centre of the country and its large talent pool of highly-trained workers makes is especially attractive to businesses. Productivity and wage levels are high and growing faster than the rest of the UK as a consequence, allowing Birmingham to provide the type of life and work offering that draws people to the city.

Population Growth by 2031
10 %
Growth in Property Prices
15 %
Regeneration in Past 20y
£ 10 b
Home Shortfall
0

Why Invest in Birmingham?

Explore Investment Properties in Birmingham

Birmingham, the UK’s second city, has evolved into a significant property investment market over the past decade. As the city transitions from an industrial giant to a modern 21st-century business hub, now is an ideal time to invest in Birmingham property and capitalise on its potential. A significant undersupply of high-quality homes in the city centre is driving substantial demand, likely to push house prices and rents up considerably in the coming decades.

Estimates from JLL indicate that Birmingham requires at least 4,000 homes annually, yet only 900 are being delivered each year. As job creation continues and major regeneration projects further open up the city, demand will only continue to grow.

The HS2 high-speed rail line will further enhance Birmingham’s attractiveness, pushing house prices higher as jobs are created, more businesses relocate to the area, and people follow. This presents investors with an opportunity to get ahead and benefit from the returns Birmingham has to offer. Strong house price and rental growth are anticipated, and entry prices remain low enough to make Birmingham property accessible to all investors.

Let’s take a closer look behind what’s fuelling the growth in Birmingham:

 

 

What's Fuelling The Growth in Birmingham

Economy

Birmingham is a true economic powerhouse, both as a city and as the heart of the West Midlands region. More and more investment is being poured into the city each year, providing Birmingham with a bright future.

Once known as the ‘workshop of the world’, Birmingham retains its status as a home to entrepreneurs and small start-ups while also proving to be attractive to big business – with recent years seeing PwC, Deutsche Bank and KPMG among others open major headquarters in the city. The West Midlands is the growth capital of the UK, and Birmingham is the engine that drives it forward.

Regeneration

Birmingham, the UK’s second city, has evolved into a significant property investment market over the past decade. As the city transitions from an industrial giant to a modern 21st-century business hub, now is an ideal time to invest in Birmingham property and capitalise on its potential. A significant undersupply of high-quality homes in the city centre is driving substantial demand, likely to push house prices and rents up considerably in the coming decades.

Estimates from JLL indicate that Birmingham requires at least 4,000 homes annually, yet only 900 are being delivered each year. As job creation continues and major regeneration projects further open up the city, demand will only continue to grow.

The HS2 high-speed rail line will further enhance Birmingham’s attractiveness, pushing house prices higher as jobs are created, more businesses relocate to the area, and people follow. This presents investors with an opportunity to get ahead and benefit from the returns Birmingham has to offer. Strong house price and rental growth are anticipated, and entry prices remain low enough to make Birmingham property accessible to all investors.

Population

Alongside its economic growth, Birmingham has a population of approximately 1.16m people that is growing rapidly. The latest published figures from the Birmingham Demographic brief show that the city’s population is scheduled to reach more than 1.2m by 2038 – representing growth of 7.8%.

The job opportunities and lifestyle on offer make Birmingham the number one destination in the UK for people who leave London according to Visit Birmingham. Thousands arrive every year to make the West Midlands city their new home.

Furthermore, research from JLL shows that almost a third of the city’s population is aged 15-34. This is an extremely young population which gives the city a real energy and puts major stress on the housing stock.

Education Est.

Birmingham has a well-earned reputation for the quality of its education, which has fostered a creative and innovative population. Today, the nine universities within reach of Birmingham city centre continue that legacy, positioning Birmingham at the cutting edge of progress. A high proportion of graduates recognise this strength and choose to stay in the region to work, start businesses, and build their lives. This diversity of population provides significant economic benefits to Birmingham and ensures that its education sector is a valuable asset with global reach—exactly what a booming city needs to sustain its growth.

Connectivity

Birmingham, situated in the heart of the UK, benefits from a strategic location with 90% of the country’s population residing within a four-hour drive. The city boasts an extensive rail, tram, and bus network, facilitating affordable and convenient travel for both businesses and residents. Birmingham Airport, the fastest-growing airport in the UK, provides efficient international connections, further enhancing the city’s accessibility.

 Additionally, the forthcoming HS2 rail line, Europe’s largest engineering project, promises to halve travel times to London and Manchester from Birmingham’s two stations, significantly improving connectivity and reducing journey durations..

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If you are interested in this property or area, looking for more information or to learn how you could earn lucrative returns, get in touch with us today.

FAQs

Of course this depends  on your individual circumstances but in the main yes! The city has so much going for it and represents a good prospect for capital appreciation and good rental yields.

There is no specific area that is best to invest property in within Birmingham, as popularity and demand change each year. When choosing to invest, ensure you consider areas with strong regeneration investment and connected routes – as these will likely be popular with renters. City Centre property comes at a premium the likes of The Jewellery Quarter and Digbeth are widely regarded as investment hotspots in Birmingham.

HS2 Phase One will open between 2029 and 2033 and run from London to Birmingham over 134 miles

Property prices in Birmingham have seen significant growth over the past decade. In 2014, the average property price was £144,496. By 2024, according to Zoopla, this figure has risen to £248,630, representing a remarkable 72% increase over the past 10 years.


Looking ahead, experts predict that property prices in Birmingham will continue to rise, with an estimated increase of 18-20% between 2024 and 2027. This ongoing growth indicates a robust property market and makes Birmingham a compelling choice for property investment.


Key Points:

  • 2014 Average Property Price: £144,496
  • 2024 Average Property Price: £248,630
  • Percentage Increase (2014-2024): 72%
  • Predicted Increase (2024-2027): 18-20%

Birmingham’s property market demonstrates strong and sustained growth, making it an attractive option for buyers and investors alike.

Yes, rental prices in Birmingham are expected to increase. According to JLL, rental prices in the city are forecasted to rise by 19.3% by 2027. This projected increase is driven by several factors:


Population Growth: Birmingham’s growing population is contributing to higher demand for rental properties.

Shortage of Quality Rentals: There is a lack of good quality rental properties in the City Centre, which is pushing prices up.

Young Professionals: The city is attracting a growing demographic of young professionals, further increasing demand for rental housing.

 

Key Points:

Forecasted Rental Price Increase by 2027: 19.3%

Factors Driving the Increase:

  • Population growth
  • Shortage of quality rental properties
  • Growing number of young professionals

Given these trends, rental prices in Birmingham are likely to continue their upward trajectory, making it an important consideration for both tenants and investors.

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