Once known as the first manufacturing town of the world, Birmingham has a history steeped in industrial heritage. Now, in 2019, the city continues to attract global attention, with a flourishing economy built on the service industry. This is attracting and retaining plenty of young talent to the city, while fuelling the demand for buy to let property in Birmingham.
Multinational businesses such as Deutsche Bank, HSBC and PWC are among a number of big companies to have relocated offices to the city. The metropolitan, upbeat vibe and
the promise of opportunity has also drawn over 3,000 tech firms; making Birmingham the largest ‘start-up’ centre outside of London.
Birmingham is also home to five universities and a number of highly regarded Business and Law schools, giving Birmingham one of the UK’s largest student populations. Many of whom choose to stay in the city beyond graduation. A strong rental market fuelled by a young population, business growth in the city, and high demand for rental properties, has led to Birmingham becoming a desirable location for buy to let investment opportunities.
With property prices expected to rise by 14% over the next 2 years and considerably lower-than-average house prices compared to the UK, investors have the potential to make great capital gains on their initial investment and achieve a strong return in the following years.
4,057 additional dwellings are required every year until 2026 in order to meet projected demand.
Population of 1.1 million people.
16.5% increase in rental prices forecast between 2018 and 2022.
Largest economy outside of London at 25.3 billion and is growing at a rapid pace.
20.5% increase in house prices forecast between 2018 and 2022.
HS2 will mean it will only take 38 minutes to get into London.
Birmingham is the most populous city in the UK after London and its continuing growth and development is nothing short of predominant when considering the progressive impact it has on the British economy. Highly regarded as state education pioneers in the late 19th century, the city has focused on making a positive contribution to society through its people. Now, in the 21st century with a growing population of over 1,000,000, Birmingham has rapidly become a central hub of industry, education and economic prosperity.
Birmingham is a well-known city around the globe for a multitude of reasons; including being the home to the world’s most famous chocolatier – Cadburys – since the early 19th century and boasting Europe’s largest motorway junction making travel in, around and out of the city greatly efficient. Firsts for the city of Birmingham include introducing the world’s first exhibition hall in 1850 and Europe’s largest public library, alongside housing the production of the world’s first Mini Cooper and the invention of cotton wool, pneumatic tyres and the inaugural Spinning Jenney.
HSBC, Deutsche Bank and PWC are all relocating their headquarters to the city.
Birmingham is home to HS2 HQ and this will bring in 1500 new jobs and provide a huge boost to the already booming economy.
2022 will see Birmingham host the Commonwealth Games, cementing its Global appeal.
8 universities and world-class research institutions produce 52,000 graduates annually with a 49% graduate retention rate meaning almost 1 in 2 students stay and work in Birmingham.
Birmingham has been confirmed as Europes youngest City. A whopping 45.7% of its population is under 30!
A central location at the heart of the UK has been a key factor in Birmingham’s success and appeal for investment and development. Located in between some of the UK’s biggest cities such as Manchester and London means Birmingham has a wealth of excellent transport links both nationally and internationally.Find Out More
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I recently exchanged contracts on my first purchase – and Jay Kang has been instrumental and absolutely brilliant throughout. Having been monitoring the property market for the best part of 18 months I finally decided to take the plunge.
To top it all off – the deal he secured for me was definitely an excellent one as well. As a first time buyer the entire process can seem a little daunting at first – but Jay was always there to provide a helping hand. Guiding me through the entire process and helping me chase up the solicitors as well.
Ricky at TK Property Group has been absolutely brilliant with our search for and purchase of investment properties. He’s really responsive, efficient, professional and great to work with.
If only all companies were like this to deal with!
Couldn’t have been more happy with the service I have received from TKPG so far. From initial information regarding property options, dealing with queries, sorting out individual circumstances with the sellers solicitors, advice, support and pretty much anything else I needed to email about!
Ricky has been fantastic in every regard, and has made the whole process as stress-free as possible. Now it’s just a case of waiting for the construction to complete and move in – the most exciting part! Thank you TKPG and especially Ricky. I shall continue to recommend you to friends and family!
I had a great experience working with tk property group very helpful polite. When i need any help they help.Reliable and honest.
First-time buyer: Off-plan property
This is my first time purchasing a property. I dealt with Ricky who was incredibly helpful. Despite my messy schedule, he was always available to answer my queries. He is very competent in all aspects of his job role and was promptly available to address any of my concerns. I recommend working with Ricky from TK Property Group. Thank you for making this nerve wracking experience a pleasant one!
Great customer service and support
Have been working with Ricky Murphy for several months across various projects. From day one he has been professional, courteous, and transparent. Would recommend TKPG to anyone looking at either residential or investment properties.
Dealt with John Rourke, excellent service and guided me right through each stage of the process.
Great effort and time spent meeting John on site to view the property at a weekend. Would highly recommend him, was always on hand and keeping in touch and I got a great deal too!
From start to finish of my investment purchase I received a first class service from Ricky who constantly updated me throughout and got me a great property. I’ll be speaking with him again early next year when expanding my portfolio further!