Investors guide
The financial and political stability that Birmingham enjoys has translated into a property market that rewards forward planning and a willingness to look beyond areas of traditional affluence. Renting out your Birmingham buy-to-let property can augment a pension, provide a secure base for your child’s studies or springboard a lucrative portfolio. Whatever your investment goals are – preparation is key.
- Set short- and long-term goals based on how much rental yield will be required and be prepared to revise and reassess.
- Thoroughly research the location with a special emphasis on fringe areas that may be valued lower than their better-known neighbours. Rental yields of around 6% are still attainable in certain areas of Birmingham.
- Ensure that your target property appeals to young professionals. This is a demographic that ensures maximum income and low voids. In return, they expect top-notch amenities and proximity to transport links should then rank high on your list of priorities when purchasing a buy-to-let home.
- Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent with local knowledge and experience of property legislation will give you the best chance of success.
- You may think that managing the property yourself is an easy option, but are these savings justifiable when you run into legal red tape and tenant relations hassles? A full accredited agent provides you with peace of mind and leaves you time to plan your next move in the Birminghams rentals market.
Investing in Birmingham property is first and foremost a business endeavour that, like all businesses, involves extensive research and planning. Done successfully, it provides the secure knowledge that your money is working harder than it would in a bank and those future generations will be left with an inheritance that is likely to have substantially increased by the time they grow up.
We are always happy to advise on buying a rental property, we’ve been letting properties in Birmingham for 10+ years so please feel free to contact any of our Birmingham offices where our experienced staff will be able to help.
Birmingham is Booming.
So you’ve probably heard this before, but we will say again there’s never been a better time to invest in property in Birmingham City Centre. With our roots firmly set in the city centre and Jewellery Quarter, we know this city better than anyone else. Birmingham is currently one of the fastest-growing cities in Europe, if not the world. We are set for rapid growth and predictions are coming in at £500 per square foot in the years to come, so it’s no wonder why we are selling properties quicker than we can list them.
We are the Birmingham city centre investment specialists, with our highly trained local property experts who know every little part of this great city.
But don’t just take our word for it……..
Birmingham Becomes Tourist Hotspot
“Birmingham’s industrial past meant that some people’s perceptions of Birmingham were based on the city as it was in the 70s,” says Emma Gray of Marketing Birmingham. “They had people doing industrial work and spaghetti junction in their minds, a city doing functional things. Now we’ve got the high end and high street shopping, a vibrant food scene as well as cultural diversity.”
The occupancy rates for Birmingham’s hotels peaked at 99% and averaged 75% in 2016 – both the highest on record, according to the new figures from economists in Marketing Birmingham’s Regional Observatory.
Click here to read more from the Guardian.
Birmingham On The Rise | £500 Per Sqft
The UK’s second city, with a population of more than a million, has cast off its image of motorways, industrial decline and urban unrest to become a budding centre for financial services, new technology and architectural showpieces, Knight Frank said in a report.
The city’s renaissance is being fuelled by the arrival of big banks, professional services firms and the planned building of the HS2 rail link to London alongside the success of Jaguar Land Rover and other manufacturers.
Mirroring this development, pints of mild and uninspiring nightlife have given way to glitzy bars, Michelin-starred restaurants and upmarket shops. John Lewis, whose former managing director Andy Street is now the Tory candidate for Birmingham’s mayor, opened a 170,000 sq ft store last year.
Deutsche Bank opened a Birmingham office 10 years ago and now employs 1,200 people, including corporate bankers and wealth managers. Next year HSBC will return its retail bank’s head office to the founding city of Midland Bank, which HSBC bought in 1992. The move will create 1,200 jobs. The closure of regional tax offices leading to job losses will be Birmingham’s gain in 2019 when HM Revenue & Customs opens a regional hub employing at least 3,000 people.
Click here to read more
City Master Plan
The city Master plan. The new station is complete, the library is complete, snow hill is complete, and other regeneration is underway.
Click here to view the City Master Plan
Birmingham city centre is set for development on a huge scale and we are at the heart of it, so why not talk to one of our Birmingham property investment specialists today on 0121 285 7575.
