New data reveals Birmingham leading post-Brexit vote house price growth

New data reveals Birmingham leading post-Brexit vote house price growth

Birmingham has enjoyed a 16% increase in house prices since the Brexit vote in June 2016, according to the latest UK Cities House Price Index from Hometrack. The December 2018 report reveals that a total of ten cities have recorded double digit increases in house prices since the vote, with Birmingham and Manchester at the top of the table.

Birmingham Smithfield set to be a success

According to the new Hometrack report, “impetus for growth in both activity and prices is focused in regional housing markets.” It’s a message that the Surrenden Invest team have been delivering for some time. Regional markets are going from strength to strength, with large-scale infrastructure projects such as HS2 doing much to boost their long-term potential. Extensive regeneration work is also contributing to the appeal of these regional markets, with areas such as Digbeth in Birmingham and Ancoats in Manchester benefiting from some superb city planning, which is creating ultra-desirable neighbourhoods packed with eager renters.

The residential sector is responding accordingly. In Digbeth, Westminster Works provides 220 loft-style apartments, with the warehouse-esque building inspired by Birmingham’s industrial past. The building backs on to the huge Birmingham Smithfield regeneration site, which has been flagged up by the city as a “once in a generation” opportunity. Inside, the homes are full of light thanks to floor-to-ceiling windows, while ceilings some 0.5 metres higher than the average city centre apartment create a wonderful sense of space. An outstanding rooftop terrace and concierge service combine with a prime Digbeth location to make this one of Birmingham’s most exciting contemporary developments.

Similarly, Ancoats Gardens in Manchester is offering something a cut above the average, with its superb rooftop terrace, coffee lounge and on-site gym. The 155 luxurious apartments are perfectly positioned to benefit from the city’s recent and ongoing regeneration work, being just 500 metre from the huge, master-planned NOMA site.

To keep up to date with the latest UK buy to let market developments and enjoy regular up-dates on regional developments, connect with Surrenden Invest on social media today.