Birmingham

One of the 'Top 20 Places to Visit'

Heart of the Midlands

Enormous growth is on the horizon for our second city, especially as it is well underway with its ‘Big City Plan’.

The city attracts 41 million visitors a year, with 1 million of them being international. This comes as no surprise, as even The New York Times recognised Birmingham as one of their top 20 places to visit.

Birmingham is an unassuming star amongst investors. Ranking as one of the most popular investor cities in Europe, it’s a standout choice for several reasons. The properties are affordable, averaging three times cheaper than properties in London.

Nevertheless, prices are increasingly rapidly, rising twice as fast as the UK average. This is largely due to the huge city regeneration projects both underway and completed, that are transforming the face of Birmingham. This offers investors high potential for capital growth, alongside strong rental yields and consistent tenant demand.

Most Impressive Regeneration Project

The Big City Plan

Spanning over 20 years, the Big City Plan began in 2010 and is well underway. ‘Big’ would be a massive understatement for this regeneration project, as it’s one of the most ambitious and high-achieving development projects the UK has seen for decades. With a world-class city centre at its fingertips, the master plan will widen the city’s core by 25%. In turn, it will create over 50,000 new jobs and inject 2.1 billion into the economy each year.

The developments include the Paradise and Arena Central, the Grand Central and the HS2 project. Most notably, the £1.9 billion Birmingham Smithfield project will revolutionise the city’s Eastside and Southside quarters. Spanning over 42-acres, the project will create 3,000 new homes, 8,000 new jobs, public spaces, leisure attractions and the new home of the Bullring Markets. As if that wasn’t enough, Smithfield is expected to bring £470 million GVA into the local economy – benefitting everywhere from the city centre to its surrounding hotspots.