UK’s second largest city
Widely referred to as the UK’s ‘Second City’, Birmingham is the largest UK city outside of London and is home to 1.1 million people and 2.6 million in the wider metropolitan area.
Boasting one of the fastest-growing city centres in the country, Birmingham’s population increased by 163% between 2002 and 2015 (ONS).
And, if recent trends continue, Birmingham’s population is expected to climb to 1,186,000 by 2028 and to 1,230,000 in 2038 (2020 Birmingham Demographic Brief).
Situated in the West Midlands, Birmingham is the logistical centre of the UK and is essentially within 4-hours of most major cities. Its prime location alongside multimillion-pound investment in infrastructure is expected to help the city to grow strongly in economic and demographic terms.
Birmingham has plenty of attributes that could capture the interest of property investors, including a steady trend of price growth and a strong appeal to people who want to live and work in a big city.