The Property Market in Birmingham
Birmingham is an increasingly popular city among investors who are looking to buy property in the UK. The city is experiencing exponential growth in its economy and population, and as a result, the demand for rental properties is increasing.
According to forecasts, the future performance of the city is expected to be very promising, which makes it a top choice for buy-to-let investors as rental yields and appreciation are set to increase.
Our real estate portal offers a range of properties in Birmingham, including flats and luxury apartments, available for purchase. The average rental prices for a new one-bed apartment is £1,098 PCM, two-bedroom apartments are £1,402 PCM, and three-bedroom apartments are £1,829 PCM.
The average property price in Birmingham currently stands at £255,156, which has increased by 15% in the last 12 months. Typically, a good rental yield in Birmingham is above 5%, which is the minimum requirement to maintain costs. Since 2009, rents have grown by 28%, and between 2022 and 2026, prices overall are expected to rise by an average of 19.6% according to JLL.
The UK House Price Index reports that an apartment in Birmingham is available for just £152,713 on average, leading to strong rental yields. Additionally, flats for sale in Birmingham are in high demand due to the city's thriving economy and increasing population.
Capital growth in Birmingham has been considerable over the last 20 years, making it a promising place to invest for future long-term capital growth. Growth has increased by 15% in the last 12 months, and landlords can expect prominent capital returns and rental yields. If you are looking to buy property in Birmingham, our real estate portal can help you make an informed decision.
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Average property values in Birmingham have increased by 40% in the last decade, with a 16% growth from 2016-2020.
With the city undertaking several regeneration projects and more people relocating to Birmingham, rental demand continues to rise.
Savills has predicted that Birmingham property prices will rise again by 24% between now and 2025.
Research suggests that Birmingham needs 4,000 homes per annum over the next 10 years to meet demand. The average supply has been around 900 new homes per annum since 2010, highlighting the disparity between supply and demand.
60% of the population is under 35 and largely made up of young professionals – one of the most desirable tenants in the Buy-to-Let sector