At Barrows and Forrester, we have steadily watched the growth of city centre living in Birmingham and the rising demand from young professionals and students. A new report by global investment consultancy JLL confirms our experience and they forecast that the increasing demand from young professionals, students and investors will drive the residential market in Birmingham city centre even higher over the next five years.
According to their new research, titled West Midlands Residential Predictions 2017, Birmingham will continue to push house price growth forecasts above the UK average of 13.1%.
Richard Roberts, Residential Director for JLL, said: “We are now seeing a turnaround in the appetite and desire for city centre living. Schemes such as Grand Central and the New Street station refurb, together with a significant boost to the city’s retail, food and leisure offering, have changed historical perceptions of Birmingham. The city centre is now an attractive place for professionals to live, as well as work, and the main issue now is a lack of supply of quality development sites to satisfy demand.”
The ongoing supply and demand issues that we are seeing in cities like Birmingham is one of the key reasons why buy-to-let opportunities, when they become available in the city, are snapped up by eager investors. There is a ready supply of tenants for high quality apartments in the city centre and Barrows and Forrester are positioned perfectly to meet the needs of investors and buyers alike.
To find out more about buy-to-let opportunities in Birmingham City Centre, contact us now on 0333 3001 888
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