With London losing more and more people and businesses, many are looking for other big cities to invest in. Birmingham is one of those cities, and real estate is seen as one of the best methods of investment.
Because of the surge of young people in the city and the presence of the many universities that have put Birmingham on the map, the city provides strong returns on investment for those who decide to buy to let. But where are the best areas to invest in for buy to lets? Let’s explore a few of them below:
Let’s start with the Jewellery Quarter; the area famous for being a globally recognised beacon of jewellery designers and manufacturers. The JQ is now an in demand area for young professionals because of its vicinity to the city centre and the number of bars, restaurants, art galleries and small retailers surrounding it.
Property prices in the area have increased by 28% since 2015, making the Jewellery Quarter one of the best buy to let areas.
Birmingham has recently been experiencing a boom of investment in the city and in particular, its centre. From Birmingham New Street and the Metro system to the upcoming HS2, Birmingham is more connected than ever before. Because of this, big businesses such as HSBC, PWC and Deutsche Bank have noticed and made Brum their home. It seems Birmingham really is the place to be, and to invest in.
The demand for living in Birmingham’s city centre has increased noticeably in the last few years and young professionals as well as young families are choosing renting a flat as the best way forward.
Digbeth is Birmingham’s creative quarter and one of the coolest places to live in the UK, according to the Sunday Times.
From Digbeth Dining Club to the upcoming HS2, the area has a lot of appeal, especially for the young and creative.
Its affordable market prices, paired with the area’s quick growth and rising rental yields make Digbeth a great place to invest in.
Selly Oak is an industrial and residential area just outside the city and it is home to many university students because of its proximity to the University of Birmingham.
A good student investment property could return as much as 10%, making it a great area for buy to let investors.
Are you looking to invest in these areas? Contact us, we would be happy to help!
