Why Should You Invest in Birmingham Property?
Birmingham is known as the UK’s ‘Second City’ due to its rising population, rich history and growing economy. Situated in the heart of England, the city is home to more than 1.1m people, while the greater Birmingham area houses almost 2.5m residents, five universities, and a property sector that is in the early stages of a major growth spurt.
Birmingham is the second-largest city in the UK, yet it has been overlooked historically by investors in favor of London, Manchester and Liverpool. However, all the fundamentals are in place to make Birmingham an attractive investment option for anyone seeking to make market-beating returns over the short, medium and long term.
The imminent arrival of the HS2 rail link, a thriving student population and a string of government incentives have combined to make Birmingham a particularly promising option for property investors. Recent research has found that the average rental yields for Birmingham-based homes range from 5.95% to a massive 10.87%, depending on the size and location of the property. Even at the lower end of the market, this easily exceeds the average UK rental yield of 4.4%.