Birmingham Property Investment
With an economy worth £28.1 billion, Birmingham is the UK’s fastest growing city. Birmingham property investment is thriving. Boasting world renowned universities, multi-million regeneration and their own ballet and opera company, Birmingham is considered a prime opportunity by foreign investors.
Why invest in Birmingham?
As the second largest city in the UK, Birmingham contributes £28.1 billion to the UK economy. Identified as a global source of opportunity with business, financial and professional services making up for 500 companies Birmingham employs over 150,000 people. The significant strategic development has seen major international businesses including HSBC and Deutsche Bank relocate to the thriving city.
Digbeth is a trendy, artistic hub comprised with galleries and studios. Eastside Projects is a free, public, artist-run space, showcases temporary shows from both local and international artists. Every Friday of the moth, the artists’ collective teams up with other groups in the area to delivery special events.
In the heart of England, Birmingham boasts a thriving cultural scene as a major city outside of London to have their own Ballet and Opera company.
Birmingham is the UK’s second largest student city boasting 65,000 students and over 7,000 employed in higher education. In 2015, HESA found that Birmingham had a graduate retention rate of 49.4%.
Evolving as a beacon of scientific development, Birmingham is home to various research centres including Birmingham Science Park Aston. in addition to an enticing retail industry, featuring Bullring, one of the largest shopping centres in Europe. The culmination of these factors has led, to an increase in young professionals living in Birmingham, to the extent of under 25-year olds answering for 40% the city’s population.
The extensive regeneration, most notably New Street station’s £770 million redevelopment will result in a skyrocketing increase in population desiring high-quality accommodation to mirror the standard of the regeneration, is the very reason Birmingham is a prime opportunity to invest in.
The proposed HS2 rail link, will bring 21st century rail connections into the heart of the City Centre when it opens in 2026. For Phase 1 of HS2, London and Birmingham will be linked reducing journey times from 1 hour 24 minutes to 49 minutes.
Phase 2 of the scheme will connect Birmingham to other regional centres. Journey times will be halved between Birmingham and Leeds (from 1 hour 58 minutes to 57 minutes) and Birmingham and Manchester (1 hour 28 minutes to 41 minutes). Long term plans would see High Speed trains running to Newcastle, Glasgow and Edinburgh.
The conception of the HS2 High Speed train will revolutionise national rail connectivity and the country’s economic growth. Located in the West Midlands, Birmingham stands to gain substantial benefits as the fastest growing city in the country. To complement the one in a lifetime economic growth potential, Birmingham has launched to plans to develop the Curzon area, named The Birmingham Curzon HS2 Masterplan.
This Masterplan seeks to maximise the potential by:
- Identifying a range of development and regeneration opportunities providing the spatial, economic and design framework to capture and promote the area’s growth potential.
- Promoting the City’s expectation of Birmingham Curzon HS2 station as a world-class 21st century landmark building that further strengthens a positive image for Birmingham and its economic role.
- Seeking to ensure the station is fully integrated into the urban fabric of the City Centre and opens up accessibility between the City Centre Core, Eastside and Digbeth.
- Setting out the key requirements and proposals for ensuring that high quality and efficient walking, cycling and public transport connections continue into and throughout the City Centre.
- Promotes the importance and potential of the wide range of heritage and ecological assets in the area.
The Southern Gateway occupies a strategic location adjoining the Bullring and City Core retail and business area. It is in close proximity to New Street station, Moor Street station and the proposed terminus station for the high-speed rail line. This is an opportunity to diversify Birmingham’s leisure, retail and cultural offer, including niche retail, improved markets, family entertainment, residential and space for creative industries.
Birmingham Property Investment