Birmingham remains a target for property investors
Property investors keep a close eye on the Birmingham market.
Birmingham rises nine places, to 18th place, in the annual Emerging Trends in Real Estate Europe 2021 report. The report, by PwC and the Urban Land Institute (ULI), says the kind of improvement demonstrates a city’s resilience amidst the current COVID-19 pandemic. It’s also a key factor for property investors.
Adrian Bland, chair, ULI Midlands and head of commercial real estate, Shakespeare Martineau, said: “At the heart of the country and with £5.1bn being invested in rail, tram and bus rapid transport systems – including HS2, Europe’s largest infrastructure project – Birmingham is wonderfully well-connected.
“If you factor in the large-scale 5G rollout across Birmingham, Coventry and Wolverhampton and Birmingham`s growing population – the youngest city in Europe – you have a compelling proposition for investors.
“Birmingham`s Our Future City Plan, currently out for consultation, can take all this to yet another level.”
Martin Guest, ULI Midlands’ board member and managing director of the Birmingham office of CBRE, said: “Many investors have stockpiled cash during the pandemic and consequently there is a weight of capital waiting to be deployed.
“Birmingham ticks a number of boxes on property investors’ wish lists. It has a fast emerging life sciences sector and the private rental sector is maturing. We are seeing intense competition for logistics assets and although the office sector is more challenging given the change in working practices, when stock does come to the market it is quickly snapped up.”
The City
Today, Birmingham is a city of outstanding statistics with a regional economy in excess of £90 billion. It is also a city setting an exceptional benchmark for a quality lifestyle – with the cost of living some 60% lower than London.
Wavensmere Homes
Birmingham is a city close to our hearts and home to many of our workforce. The reason we invest in key developments, such as Crocketts Lane and The Forge, is to contribute to the ongoing regeneration of the city.
Read more about our developments here.
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