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Birmingham outperforming other major cities on both jobs and housing front

By Surrenden Invest | February 19, 2019

Birmingham outperforming other major cities on both jobs and housing front

Birmingham has once more shown its strength in comparison to other major UK cities. This time its job market has been under the spotlight. A study produced by Irwin Mitchell and the Centre for Economics and Business Research has projected that Birmingham will enjoy superior employment growth during 2019 than other large cities in the UK.

The report predicts that employment growth in Birmingham to Q3 2019 will reach 1.6%, along with 1.4% GVA growth. Both figures are above those for the same period a year earlier.

At the same time, the West Midlands region, at the heart of which sits Birmingham, is leading the UK in terms of house price growth. The UK House Price Index for December 2018, published in mid-February, shows that the West Midlands enjoyed monthly house price growth of 2.0%, with only Yorkshire and the Humber equally its growth rate in England. In terms of annual growth, the West Midlands led the country, with growth of 5.2% – more than double the national average of 2.3%.

“Birmingham continues to go from strength to strength as a prime location for people to live and invest. The city offers one of the most exciting property investment UK opportunities around, with numerous metrics – from employment growth to house prices – demonstrating its potency.”

Jonathan Stephens, MD, Surrenden Invest

Birmingham offers outstanding prospects and opportunities

With Birmingham offering such outstanding employment opportunities, many professionals and their families are drawn to the city in order to be a part of its economic success. The city’s major employers include transportation companies, food and beverage retailers, tech firms and finance companies. Their combined offering has led to the creation of a dynamic, thriving city centre, with residents looking to live at the heart of the action as well as work there.

As a property investment company with a long history of offering buy to let property UK opportunities in Birmingham, the Surrenden Invest team has plenty of opportunities in some of the city’s most sought after areas. As well as the B1 postcode area (watch this space for details of a premium B1 development coming soon!), the Surrenden team is delighted to be offering Westminster Works in Digbeth to savvy buy to let investors.

Home to Birmingham’s creative quarter, Digbeth is a mishmash of award-winning eateries and street food, ultra-stylish hipster hangouts and creative, ambitious digital start-ups. Westminster Works serves its residents perfectly, with everything from the luxury furniture packs to the out-standing rooftop terrace having been designed to suit Digbeth’s hip young professionals.

“Being such an enormous city, Birmingham is home to a diverse range of neighbourhoods. One of the most exciting – particularly as an investment prospect, given the forthcoming arrival of HS2 – is Digbeth. Westminster Works is perfectly positioned to appeal to Digbeth’s stylish renters, while also maximising returns for but to let investors looking to be a part of the Birmingham success story.”

Jonathan Stephens, MD, Surrenden Invest

To keep up to date with the latest news on investing in Birmingham and other UK regional cities, be sure to follow the Surrenden Invest team on social media.

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