TOP REASONS TO INVEST IN THE BIRMINGHAM PROPERTY MARKET
February 23, 2023
If you’re looking for the latest UK property market trends for Middle Eastern property investors then our latest launch, Tyndall Court in Birmingham is for you. Known as the UK’s ‘second city,’ Birmingham has the strongest economic growth forecasts of any other UK city.
Middle Eastern investment in the Birmingham property market is being driven by solid economic fundamentals, explained below.
Top reasons to invest in the Birmingham property market
Double-digit growth forecasts for both house prices & rents by 2027: 19.2% and 19.3% respectively (JLL).
Above average population growth: 51% of inward migration are young professionals aged 20-34; driving rental demand. The number of tech jobs in Birmingham has increased by 55% since 2020.
Birmingham is home to the largest concentration of international companies outside of London with specific capabilities in tech, logistics and banking and financial services.
The city has a chronic undersupply of quality new build housing; estimated to produce a shortfall of 78,415 homes by 2042 – fulfilling only 65% of the need.
Middle Eastern investment in UK commercial real estate is set to be 33% higher in 2023 than it was in 2022, proving the UK is a key market for Middle Eastern property investors. For individual investors looking for better yields and a lower capital entry, Birmingham’s residential market is ideal, offering healthy yields and strong medium to long-term house price growth.
As ever, RPA offers excellent advice on UK property investment for Middle Eastern investors so please do get in touch with any questions you have. We appreciate that trying to navigate the UK market as a Middle Eastern investor can seem daunting, which is why we offer a full suite of services, specifically for Middle Eastern property investors.
