Buy-to-let property investment in Birmingham – Top Birmingham investment properties in a thriving economy.
The second largest city in the UK, Birmingham is a hotbed of exciting buy-to-let property investment opportunities. Buy-to-let property in Birmingham is attractive thanks to its unique blend of healthy yields, capital growth potential and strong tenant demand, thanks to the city’s thriving economy and booming population.
Between the 2001 and 2011 Censuses, Birmingham’s population grew by 9%, to more than 1.1 million residents. Since then, the city’s economy has enjoyed impressive growth: GVA is up by £1.2billion (5.1%) and resident earnings are up by 3.8%, while unemployment claims are down by 6.2%. The city has positioned itself as one of the UK’s most desirable new property investment hotspots, with both demographic and economic data back this up.
Housing in Birmingham is highly sought after thanks to the city’s enticing blend of employment opportunities and cultural attractions. Residents can enjoy the iconic Bullring shopping centre, top sports venues, the £188 million Library of Birmingham and five universities all helping to generate excellent yields for buy-to-let landlords.
Birmingham is home to 33,000 businesses, making it the largest urban employer outside of London. The city is packed with entrepreneurs, with business startups increasing by 37% according to the January 2017 Birmingham Economic Update. Birmingham also hosts two of the best business conference centres in the UK: The National Exhibition Centre and International Convention Centre, which together host 42% of the UK’s total conference and exhibition trade shows. All of which means that rental property there is an exciting prospect for buy-to-let investors.