Everything you need to know about the Birmingham property market
You probably already know plenty about Birmingham. You’re may know it’s one of the UK’s largest cities, a vast cultural and sporting hub, and a bustling centre for business. But how much do you know about the Birmingham property market? Here we take a closer look at the local market, providing you with all the information you need to decide if it’s time for you to buy a new home in the area.
Should I buy a property in Birmingham?
Birmingham has a strong property market, with house prices showing positive year-on-year growth. Compared to the rest of the UK though, prices are relatively affordable, meaning you can get more house for your money than in other West Midlands spots such as Ledbury and Warwick.
There are lots of reasons why buying a new home in Birmingham makes perfect sense. It has a superb educational system for children, making the area ideal for families. Local business is booming, which has had a positive impact on the Birmingham city centre property market. The city’s economy is diverse, meaning its status as a hub of commerce will be protected in the years to come.
At present, demand for property in Birmingham outstrips supply. This makes the city attractive for investors looking for short-term profits, as well as those more interested in the long term. All that has led to Birmingham being recognised as one of the best places to invest in property over recent years.
Buy-to-let in Birmingham
Part of the city’s appeal to investors are the rental yields you can expect to achieve in the area. As such, if you’re interested in the rental property market Birmingham is a great option for buying to let. The city is forecast to achieve some of the best rental yields in the UK in the coming years, making it perfect for buy-to-let investment.
Best places to buy property in Birmingham
Whether you already live in the city or you’re thinking of moving from a place like Coventry or Rugby, you’re probably aware of some of the best areas to live in Birmingham. Edgbaston is an affluent central spot with plenty of green spaces, while Erdington is a thriving hipster hotspot and Digbeth is an up-and-coming neighbourhood popular among first-time buyers. The city centre is an exciting place to call home, although you may prefer a suburban village like Harborne or the desirable Solihull area.
New build homes in Birmingham
If you’re looking for new builds in Birmingham, you’ll be pleased to know there are some fantastic developments right now. This includes our wonderful Tenchlee Place site in the Hall Green area. Just a few miles south-east of the centre, you can choose between a great selection of 2, 3 and 4 bedroom homes built to the highest modern standards. Or perhaps you’d rather live in the Tamworth area, in which case our Dunstall Park development is not to be missed.