No. 1 UK Business Hotspot, Outside of London
PWC’s Most Investable City in the UK (2019)
Affordability: Birmingham 6.5 vs London 12.1
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Known as the UK's youngest and fastest-growing regional city, this West Midlands powerhouse is showing strong price growth prospects as a direct route to London shortens to 45 minutes.
Set to welcome 170,000 new residents by 2039, house prices in Birmingham are forecast to rise by 15.9% over the next 5 years according to data released in 2020, which makes property investment in the area especially attractive.
In terms of average asking rents, Birmingham has outpaced the wider West Midlands for many years, seeing a rise of 28% since 2009. This trend is set to continue particularly for Central Birmingham in line with house price growth, providing favourable grounds for buy-to-let investment.
Birmingham, The UK’s Second City
Population by 2039 (0.9% p.a.)
Employment growth doubles the national average and is the largest outside of London.
Property price growth between September 2014 and 2019 and rising faster than London
For the fourth year in a row, PwC’s Emerging Trends in Real Estate Report places Birmingham top in the UK for property investment prospects. Birmingham has changed immeasurably over the years, Britain’s Second City is the type of place that appeals to entrepreneurs, professionals, and investors alike. Regeneration is making the city centre an ever-more […]Continue Reading
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