Birmingham Investment Property
Situated in the heart of the West Midlands, Birmingham is Britain’s “second city” with an estimated 1,101,360 residents. It has one of the country’s strongest economies which started with the industrial revolution and is now dominated by the services sector, while the city enjoys a rich and vibrant cultural diversity that is hard to beat.
20-30% property price increase forecast over the next three to four years – HomeTrack
Second only to Liverpool, Birmingham saw its population soar by 163% between 2002 and 2015 according to data from the Centre for Cities, helped by the huge urban regeneration and investment that has taken place in the city over the past 15 years.
The redevelopment of the famous Bullring shopping centre, as well as the regeneration of old industrial sections such as Brindleyplace and The International Convention Centre have seen the city transformed to attract even more residents, and it boasts one of the youngest populations in Europe with 40% of the city made up of under-25s.
Birmingham’s Big City Plan is “the most ambitious, far-reaching development project ever undertaken in the UK” and will see the city centre transformed over the next 20 years with expansion and investment in the Jewellery Quarter, Westside and Ladywood, and Southside and Highgate, among others. The plan is to expand the city to cover 800 hectares, increase its population by 100,000 while creating new jobs and improving connectivity to meet the needs of new residents.