Investing in Birmingham, the UK’s Second Largest City
Developers, reporters, and real estate experts from all over the world are citing Birmingham as one of the world’s best places to live. It is one of the UK’s best investment opportunities. Other European countries are paying attention as well. Birmingham is entering a bit of a renaissance. New development areas being bought up by global investors, students, and nearby buyers looking for investment prospects outside of London.
Since 2015, numerous changes have taken place in and around Birmingham. The New Street station has now reopened. Additionally, The Mailbox has been redeveloped and The Grand Central shopping centre relaunched. These infrastructural changes, among others, have turned Birmingham into an investment centre to rival Paris, Milan, and London.
Birmingham, in particular, has seen property prices grow by almost eight per cent over the past year. Hence, the average price is now approximately £154,900. The figure is quite impressive, but Birmingham is still significantly behind London and the rest of the UK. Despite the growth in property prices, Birmingham is a top option for investors who want a venture with lasting potential at a reasonable price.
The population has increased by more than 300,000 over the past ten years. More than 40% of the city’s inhabitants are under age 25. It is not surprising that buy-to-let properties in Birmingham are quite popular. Along with the United Kingdom’s other major cities, such as Manchester, Nottingham, and Bristol, an expert analysis cites Birmingham as an ideal destination for property investors and landlords. Visit today to find out more about investment prospects.
Placed within the award-winning, top-class Park Central developmental area, the Melrose Apartments offer investors and families a great opportunity to buy an investment property or first home in a thriving, world-class urban area. Every one of the 41 contemporary units in this development, which includes a mix of one-, two-, and three-bedroom apartments, will contribute to a fast-paced, urban lifestyle. Many units include private balconies, which will offer great views of the development’s manicured courtyards and gardens. Attractions in the city centre, as well as numerous amenities, will be a short 15-minute walk away. All Melrose properties will be available with help for buyers.
As shown here, there are many reasons to buy a home or investment property in the Birmingham area. From world-class amenities to the easy commute, buyers from all over the world are finding reasons to move to Birmingham. Visit the site today to find out why the city is becoming so popular.