Why Invest in Birmingham?
Birmingham is a city that has had its problems in recent times but the UK’s second city known famously for having even more canal ways than Venice in Italy is also one that due to its issues (not helped by the city council going bankrupt in 2023) is now an area earmarked for growth, with properties hit hardest during stale times post COVID, they are now on the road to recovery with a view that investors can get buying whilst prices are more affordable than other towns and cities that don’t offer as near as much opportunity within the UK.
Birmingham’s population is over 1 million but the wider West Midlands region has a population over 6 million with many of those also working in the area. Famous brands include Jaguar Land Rover, the MG group, Birds Custard, Typhoo Tea and Cadburys, the heart of the industrial revolution is these days a more serious location for banking and finance, appealing for conferences and retail, the iconic Bullring shopping centre is one of the busiest in the UK and attracts near 30 million visitors a year.
The average property price in Birmingham is just £230,000 which is lower than the UK average of £260,000 so there is a genuine reason to invest, considering the city has the fourth largest economy in the country.
Rental prices average just over £1,000pcm in the city with affordable areas like Handsworth and Castle Vale below that figure (as low as £850pcm) whilst upscale neighbourhoods like Ladywood and Edgbaston can often be much higher.
What attracts people to Birmingham is the size and magnitude of the city centre, great for shopping, dining, entertainment, you might be surprised to know that over 40% of the jewellery made in the UK is made within the cities famous Jewellery Quarter.
Places to Invest?
Moseley, Selley Oak, Bournville, King’s Heath, Stirchley.
Why?
Located south of the city and close to the University of Birmingham, these locations are only a short distance to the centre of Birmingham and are quickly accessible to some of the main throughways in the city. They are areas that are leafy and rural, highly regarded but still affordable, you get a good sized property for a fair price and rental income can be higher, buoyed by the desirable locations on offer.
Also consider…
Looking further afield like Solihull, Sutton Coldfield, Longbridge, Bromsgrove, Dudley, these towns on the Birmingham perimeter hold fair value in property prices and are very reachable within a short commute (under an hour). Many of these towns are also served by big employers like Solihull, for example, which has Jaguar Land Rover, Birmingham Airport, and the NEC on its doorstep.
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Latest property investments in Birmingham.
2 bed end terraced house in Small Heath let at £850pcm
Purchase price: £147,000
1&2 bed city centre apartments – completion 2026
Purchase price: From £199,995
Mix of new build houses & apartments in Birmingham with considerable discount
Purchase price: £261,000 (from)
Freehold Block of 15 apartments in Edgbaston, Birmingham
Purchase price: £2,000,000
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