BIRMINGHAM

The annual growth rate for house prices in Birmingham has averaged between 5% and 10% since mid-2015, and has outperformed the wider UK market for more than a year, according to data from the ONS.The pace and the scale of economic growth in the region has been significant over the past year. The level of new enterprises created demonstrates how the area is an alternative to London as a business hub.

birmingham

Featured Property

The Interchange

Starting Price : only £119,584
Units : 35 (1 & 2 Bed rooms)
The Interchange sits below the southern fringe on Birmingham City Centre accessible by car or public transport along the A45 in under 10 minutes. The Building is surrounded by a vibrant range of services and amenities including supermarkets, F&B and entertainment.

Birmingham

KEY MARKET STATISTICS


CITY

1.1 million

UK’s second largest city with over 1.1million people

114.3 billion

in GDP, second only to London

42 million

in visitor numbers in 2017

45%

of residence under the age of 30, crowned Europes youngest city


RENTAL YEILDS

Higher

levels of rent achieved by new build apartments rather than houses

4.9%

increase in rental yields in 2016 compared with 3.2 Nationwide

50%

of Graduates remain in Birmingham after university

49 minutes

between London and Birmingham with HS2


SALES

14%

house price growth forecast by 2020

45%

increase since 2009 in house prices

25%

expansion of the city centre with The Big City Plan

80,000

new homes needed by the end of the next decade

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