Property Investment Birmingham: Your Essential Guide

17 May 2017

Birmingham Property Investment

A great city has many faces - something that’s certainly true of Birmingham. So which areas of this UK city are worthy of special attention for property investors?

It’s a city of 1.1 million people – and is expected to grow by a further 150,000 by 2031. The sheer range of employment opportunities on offer clearly provides a major pull factor; The Times recently hailed Birmingham as the home of “the most vibrant startup community outside the capital”, while the last couple of years have seen major relocations and recommitments from such corporate giants as HSBC and PwC.

Why invest in Birmingham? Read more in our Market Update.

With under-25s accounting for nearly 40% of the population, Birmingham lays claim to being the “youngest city in Europe”; home to a booming community of discerning young professionals, eager to live and work in what is an increasingly vibrant cosmopolitan hub.

The demand is certainly there, and with it comes a challenge for planners; to get 80,000 homes off the ground to ensure the city continues to grow from strength to strength. It means that for would-be property investors, Birmingham’s welcome mat has been well and truly rolled out.

So now comes the interesting part; taking an up-close look at Birmingham to discover its star performers and hidden gems. In terms of individual areas, here are the ones to watch:


Westside

WESTSIDE

As a city, Birmingham has come top in the UK for property investment prospects in PwC’s Emerging Trends report three years in a row. And on taking a look at the city centre’s Westside, it’s not difficult to see why.

Here, sympathetically restored Victorian commercial premises co-exist with bold new living and working complexes. Paradise Square is a prime example: a planned ten-building development comprising commercial, civic, retail, leisure and hotel space. Already well-established in the area is the prestigious Queen’s College Chambers Building. Dating back to 1828, the original block started life as accommodation for medical students. The magnificent facade it is still there - and behind it are some of the hottest apartments in the city.

Westside’s canalside Brindleyplace is a honeypot for urbanites from across the city. Grab a meal, enjoy comedy or music, make a special trip for the Dragonboat or film festivals: this is what waterside living is all about.

Who lives there?

As well as professionals, don’t be surprised to run into Premiership footballers. When one of the prime Queen’s College Chambers penthouses hit the market a couple of years ago, players from Aston Villa and West Brom apparently went head to head to get hold of it.


Jewellery Quarter

JEWELLERY QUARTER

If authenticity and history are your thing, this area is definitely worth a look. Described by English Heritage as a national treasure, it dates back over 250 years, when jewellers flocked to the area. These days, 40% of the UK’s jewellery is still made here – so there’s still that artisanal feel to the place. Alongside this, the arts, media and creative industries have moved in, along with a strong cohort of professional service providers.

It’s home to Birmingham's last remaining Georgian square and lovingly restored townhouses. A large number of independent retailers and eateries give a real urban village feel.

Who lives there?

Some very desirable live-work units are clearly designed to appeal to creative types.


Eastside

EASTSIDE

HS2 is a big deal for Birmingham; not least because it will reduce travel times to London to just 49 minutes and will significantly cut journey times to Edinburgh, Newcastle and Manchester. Eastside’s Curzon Park is set to be the home of the new High Speed Rail terminus. Curzon Park along with nearby City Park Gate are home to some impressive new mixed use developments, while Birmingham City University has its very own Birmingham Institute of Art & Design in the area.

Who lives there?

It’s easy to see Eastside becoming the go-to location for people looking for inter-city connectivity. What’s more, the new GBP11.75 million City Park is the city’s newest urban park, earmarking Eastside as a desirable destination for young families, too.


Gun Quarter

GUN QUARTER

Situated to the north of the city centre, this was for many years a centre of the world’s gun-manufacturing industry. These days the guns are gone, but the area remains a focus for small scale engineering and commerce. The focus is now on regeneration and on creating a diverse mix of uses in the area.

Who lives there? 

The area is just a short walk from both Birmingham City University and Aston University, making this an up-and-coming destination for students.


Chinese Quarter

CHINESE QUARTER

With a landmark pagoda at it’s heart, this fresh and vibrant quarter is a hive of restaurants, cafes, street food and some of Birmingham’s hippest nightspots. It lies within the city centre’s Southside; an area that has benefitted hugely from rejuvenation over the last few years. With Birmingham Old Rep Theatre, Royal Ballet, the O2 Academy and Birmingham Hippodrome all within easy reach, it’s certainly a key cultural hub. 

Who lives there?  

Chinatown and the wider Southside is in especially high demand with young professionals looking to tap into a vibrant local atmosphere.


 

Digbeth

DIGBETH

Just 10 minutes’ walk from the famous Bullring retail centre, you’ll find Digbeth, billed as Birmingham’s creative quarter. Making the most of some really atmospheric former industrial buildings, it has a look and feel similar to London’s Shoreditch. This is where you grab a craft beer, enjoy some street food and perhaps browse the contemporary art galleries dotted around. 

Who lives there? 

Offering that enticing blend of entertainment, culture - not to mention value for money - Digbeth is a big draw for the young and artistically inclined.

 

Find out more 

How does Birmingham stack up against other top cities worldwide? Speak to IP Global today to find the ideal property investment opportunity to match your portfolio.

IP Global

Written by IP Global

IP Global’s full-service approach is built on extensive market research and analysis combined with a significant financial commitment to every investment we offer. We are able to manage the entire investment process end-to-end, from sourcing, financing, and management to those all important exit strategies, making investment in real estate as straightforward as investing in more traditional asset classes. Our expertise, experience and strong record have produced over USD2 billion in international real estate investments in over 30 markets worldwide.

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