Buying in Birmingham: The Best Investment To Add to Your Property Portfolio?
As safe as houses – an idiom coined to convey just how safe property is as an investment. We probably don’t need to convince you that property is a sound investment to add to your portfolio – but where you invest might be up for discussion.
Birmingham once led the way during the industrial revolution, coming from humble beginnings as a medieval market town. Its canals were once the arteries leading to the beating heart of the city’s industry. Now, they’re a common brag that we will have all heard – ‘More canals than Venice!’.
Why Investing In Birmingham Makes Sense
Adding Birmingham properties to your portfolio might make sense if you’re looking for a safe investment with a reasonable return.
What makes Birmingham a good investment?
Well, the annual growth of house prices is currently between 5 to 10%, which outstrips London, Sheffield and Glasgow (to name just a few).
Why is this?
You can thank all of the usual suspects for the house price growth – investment in infrastructure, businesses relocating to the area and new businesses starting.
Infrastructure projects like HS2 and the Metro/tram are easing congestion, allowing easier access to the city and other cities. Commuting to London could become viable when the HS2 project is completed.
Businesses are relocating to Birmingham, bringing jobs and investment with them. Companies like HSBC, Channel 4 and The Bank of England to name a few. Lots of small businesses and high growth businesses are flourishing in Birmingham too, bringing more investment and young professionals with them.
So you see, the investment opportunities are abound in Birmingham right now and they are set to really take off in the coming years. We’re always looking to discuss your development ideas and our own. Get in touch now.
Written by Kevin Patrick Sharkey, Birmingham
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