Once known as the first manufacturing town of the world, Birmingham has a history steeped in industrial heritage. Now, the city continues to attract global attention, with a flourishing economy built on the service industry. Multinational businesses such as Deutsche Bank, HSBC and PwC are among a number of big companies to have relocated offices to the city.
A strong rental market fuelled by a young population, business growth in the city, and high demand for rental properties, has led to Birmingham becoming a desirable location for those looking to buy property.
With prices expected to rise by 14% over the next two years, and considerably lower-than-average property values compared to the rest of the UK, buyers have the potential to make great capital gains on their initial investment and achieve a strong return in the following years.
Due to complete in 2026, HS2 will play a huge part in the future of Birmingham. When completed, journey times between Birmingham and London will be cut by up to 40%. This reduction in travel times between these two cities, makes Birmingham a prime location for commuters.