In today’s technology-driven world, activity in the fast-moving UK property market continues behind the scenes.
Here’s why investors can use this time to “get their ducks in a row” to take advantage of the Birmingham property market.
From population to property prices, it is expected that in 2020, Birmingham will continue to experience growth across many sectors. The Midlands Metro, Paradise and Arena Central are all key developments that are drawing closer to completion, and this will bring about more positive change to the region. Birmingham’s expanse will include more flexible, mixed-use space that can be used for a multitude of sectors. Infrastructure development has been established to ensure amenities are available for the young professionals that are currently converging to the city, as well as ensuring that residents are catered for.
Preparations for the 2022 Commonwealth Games are expected to accelerate development across the West Midlands. There will be a huge boost for the local authority when the 5G network in Birmingham begins its first wave. This will also ensure that Birmingham remains at the forefront as a progressive, state-of-the-art city.
Over the next two years, Birmingham will execute a development pipeline of one million sq.ft of new and refurbished commercial and residential locations, ready to meet a proposed demand. For investors, this demonstrates a clear intent by Birmingham to attract even more young professionals that want quality residential accommodation close to the workplace in the city-centre, as well as enticing commercial opportunities which will provide further development of the region.
Temporary shifts in structural market changes can often help to maintain or even accelerate strategic momentum, investors are able to take advantage of these changes now more than ever.