Birmingham
Property appreciation has doubled the UK average growth rate for most of the last 5 years and last year had the greatest property price increase in England at 7.5% (Seven Capital), this was second only to Edinburgh across the entire United Kingdom. However, property still looks to be relatively cheap with an average house price of £197,461 compared to £228,147 across the UK.
Out of Birmingham’s 1.1 million population, 46% are under the age of 30 making it the youngest city in Europe. This is due in large part to Birmingham’s 2 university colleges and 5 universities with almost 65,000 students between them. This provides landlords with a perpetual supply of young professionals. Estate Agents Knight Frank are forecasting cumulative housing price growth in the city of 14% between 2018 and 2020 suggesting no signs of slowing growth.
Students
There are nearly 70,000 students in Birmingham, and many schools receive outstanding ratings from Ofsted
Business
Nearly 20,000 new businesses were created in Birmingham in 2018. This was more than any other city outside the capital
Demographics
46% of the population are under the age of 30. With a population of 1.1 million, Birmingham is the youngest city in Europe
Connectivity
90% of the UK population is accessible in under 4 hours, and Birmingham has not one - but two HS2 stations
Economy
With a value of nearly £30 billion and a growth rate of circa 30%, Birmingham has the largest economy of any city outside London
2022
The Commonwealth Games brings a value generation of £350 million and the Athletes Village will see circa 1400 new homes built