Property investment is a viable source of income particularly in this generation and many people are delving into it. It involves the purchase, ownership, management, rental, or/and sale of properties with the sole aim of making a profit.
If you are looking for a good place to invest, then Birmingham stands out as a nice option. This is a city situated at the heart of England, making it easier and faster to connect to other major cities in the United Kingdom such as Manchester, London, and Edinburgh.
It is also the second-largest city in the United Kingdom. Now if you intend to tap into the myriads of opportunities available here, you may need the services of investment guides. There are professionals like Thirlmere Deacon who is reputable for helping clients invest in the best opportunities in the beautiful city.
Top Reasons Why You Should Consider Investing in Birmingham
Birmingham’s growth rate is geometrical. There is a steep growth rate in land and housing, infrastructure, transportation, jobs and businesses. Looking for return-on-investment? Investing in property is a sure way to having such particularly due to the geometric progression of the city’s growth rate.
There are several opportunities in Birmingham that investors can avail themselves of. It is a city with affordable housing for students, workers and families, hence, investors can get to purchase and sell properties at a fast rate.If you need help on how to spot opportunities that are right for you, you can check out this video.
City of Enterprise
Birmingham is known for business, which invariably makes it attractive and profitable for investors. It is one of the most enterprising cities in the world, making it a connection spot for investors.
A Blooming Economy
The city is a business hub that attracts tons of investors yearly. There is a high level of infrastructural development as it is one of the leading cities in the economy of the United Kingdom. The growth rate of Birmingham’s economy further makes it a great idea to invest in the area’s property market. Also, the huge diversity of the economic and industrial sectors makes it one of the most sustainable economies and a potential for the real estate market.
High Student Population
The existence of several universities such as Aston University, University of Birmingham, Birmingham City University, University College Birmingham and Newman University make it a densely- student populated city and profitable for housing investment in order to meet the accommodation needs of students.
Rising Demand of Properties
As a result of the increased population of residents, there is a high demand for property and housing. Hence, investors can make lots of profit by investing in properties in the city.
A Projected Top-Performing Property Investment Hub
Dubbed a fast-growing, and top-performing investment hub, it is one of the recommended cities to invest in. According to a report by Knight Frank, it was forecasted that the average property price in Birmingham will increase by 18.4% between 2018 and 2022. A similar study by LaSelle also concluded that property price growth will be 20.5% between 2018 and 2022.
The city was ranked Number 1 in “America’s Most Affordable Cities by Forbes.” The housing market in it is profitable for investors, house owners, and even renters.
The neighborhoods in Birmingham- Spring Lake, East Thomas, Liberty Highlands, Sherman Heights, Hooper City, Roebuck, Crestwood North, Bush Hills are peaceful and serene neighborhoods posing little or no threat to investors and residents.
A Beautiful City
The natural beauty of the city makes it attractive to residents, investors, and tourists, which invariably increases its economic value; an advantage to property investors.
These are some of the reasons why we feel Birmingham is a good investment hub. If you decide to give real estate a shot and you need help on how to avoid mistakes, you can check here: https://www.wikihow.com/Avoid-Mistakes-Investing-in-Real-Estate.
Birmingham is a viable investment hub for entrepreneurs, young professionals, mom-preneurs, business executives and virtually all who are investment-savvy. Property investment is a good source of building wealth, which makes it imperative to invest the right way and in the right place. Birmingham is one surefire city for property investment. Think Property Investment, Think Birmingham!