There are many reasons to start your property portfolio in Birmingham. With demand for rental properties at a high and supply low, it is a good time to invest in buy-to-let properties in Birmingham. There is good reason to expect this demand to continue to grow as firms move their offices from London to Birmingham. Many global businesses have relocated to the city, meaning employment opportunities are thriving. HS2 is likely to attract more people to the city, which offers a lower cost of living. With good connections to the rest of the country, as well as further afield, this population growth shows no signs of stopping.
Where is the best place to buy?
The city centre is an obvious choice and the Jewellery Quarter is certainly worth a look. One of the oldest districts in Birmingham, it is full of impressive architecture and home to many listed buildings. For those considering buying here, it is vital to get a structural survey from one of the conveyancers able to carry out a building survey Birmingham, such as Sam Conveyancing. Abundant in character, here you will find apartments converted from old workshops as well as a range of new property developments scheduled for the near future. The area is home to many high quality independent jewellers, but you’ll also find an abundance of cafes, restaurants and bars.
Southside is the most diverse and vibrant area of the city centre, with Chinatown, the Gay Village and Theatreland located here. This is Birmingham’s cultural heart and it is fiercely creative and constantly growing. Investors are increasingly drawn to the area, which benefits from ongoing investment and regeneration. The area particularly attracts young working professionals because of its vast selection of bars, restaurants and independent shops, as well as the newly created public spaces such as Hippodrome Square.
Birmingham has much more to offer than just its centre and there are many suburbs which should not be ruled out. Edgbaston has some of the most popular and expensive roads in the city. This leafy green suburb has a wealth of grand detached houses. This is one of the most affluent areas of the city and is also well-known for its greenery and open spaces. The atmosphere here is peaceful, with lawns and mature trees and there are plenty of options for picnics and walks. The University of Birmingham has a campus here and this has brought about investment in the transport network, meaning good access to the West Midlands Metro line, which has been extended into the area.
The village of Harborne is located to the west of Edgbaston, just three miles from the city centre. This suburb offers a wider range of property types and you will find everything from detached houses to apartments here. In the centre, there are many well-known shops and restaurants and you will also find parks and green spaces close by. Families are attracted to the area by the highly-regarded nearby schools such as Harborne Primary school, which was rated Outstanding by Ofsted.
As the UK’s second largest city, Birmingham has so much to offer families and investors alike. The city is expected to see some of the strongest growth in house prices over the next few years, promising good rental yields and return on investment.