What makes Birmingham stand out as one of the top property investment destinations in the UK?
Birmingham proudly houses a bustling population of residents and students, experiencing swift growth. With over one million individuals calling it home, projections from Birmingham City Council suggest a potential increase of up to 7.8% over the next 15 years.
Often referred to as the UK’s second city, Birmingham has established itself as a formidable economic force, playing host to numerous multinational corporations and pioneering startups, cementing its position as a powerhouse in the nation’s economy.
Estimated property price increase in the City by 2026, more than any other UK City (JLL)
Estimated population growth in the next 15 years
Estimated number of new homes needed by 2031 to satisfy the growing population (Birmingham City Council)
Large number of students make up the population of Birmingham
Economy Stats
Birmingham’s economic prowess shines through with a staggering £31.9 billion economy, as reported by Birmingham City Council. The city experienced a commendable 6.9% economic growth in 2021, as noted by Irwin Mitchell and CEBR. Looking ahead, projections indicate a promising trajectory with a projected annual economic growth rate of 2.3%, according to the same sources.
