Does B5 Southside Birmingham Investments really offer the most optimum property investment potential in the United Kingdom? Let’s find out.
The regeneration of the city of Birmingham is a primary factor that makes it stand out from the crowd. The all-new Birmingham New Street Station, which is scheduled to reopen in September after an upgrade costing a whopping £600m is merely one example. There are other promising projects in the pipeline, too, including the £150m leisure scheme Resorts World Birmingham, the HS2 project, and the Grand Central shopping precinct. Work has also begun in creating the Paradise Circus, which is a scheme covering nearly 17 acres that lie between Centenary and Chamberlain Squares.
You may add all this to the fact that the city of Birmingham has nearly 33,000 businesses, which is the largest concentration outside London. What’s more, the city has witnessed an increase in the population to the tune of 300,000 in the previous decade. Moreover, it is Europe’s youngest city, with individuals under 25 years of age making up nearly 40% of its total population. This makes the reason for the report to rate its investment so highly a sensible move.
Sustainable Investment
Those individuals close to Birmingham are obviously pleased at its high ranking. However, many individuals highlight the fact that it is partly because of the exorbitant prices in London and growing fears of a property bubble that are making investors look elsewhere. Others believe Birmingham is a sustainable investment destination for organizations across the globe.
Birmingham agents, too, have concluded that the next wave of speculative development will ensure that yields tumble on prime assets while investors scramble to secure extremely limited opportunities.
Such high optimism seems to be supported by the latest flurry of lucrative deals, most notably purchase of RBS’s offices in January in Brindleyplace by a pension fund based in Berlin for £130, which is considered to be one of the biggest in this region.
Why Birmingham?
Simply put, Birmingham is seen as a move away from the core, which is London. This does not necessarily mean that Birmingham or other regional cities are suddenly going to overtake the city of London in total investment. B5 Southside Birmingham Investments are best viewed as a part of an ongoing trend instead of a unique example. Birmingham at the moment is on something of a charm offensive.
New Office Space
There are several reasons for Birmingham’s ability to offer such great returns at the moment. These include investments in infrastructure, such as the newly constructed railway station, airport, and HS2. In addition, more office space is becoming readily available within the span of the next 12 to 18 months, which include Paradise Circus and Snow Hill.
Many are of the opinion that Birmingham’s fundamentals should see it remain as an ideal place for investors in the years to come.
Birmingham is witnessing a rise in value of investments even when it comes to B5 Southside Birmingham investments. This is primarily because of a saturated realty market in London.