Birmingham

Regional analysis

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The West Midlands is a world class, internationally-significant economy, underpinned by the UK's youngest and most diverse population. The West Midlands is undergoing an economic revival of rapid growth. The £117billion GDP economy has grown by 25.5% over the last five years. Sitting at the heart of the unique three city-region, Birmingham is home to a uniquely global, multicultural and inclusive population and a major magnet for international investors. It was recently ranked the UK’s Most Investable City by PwC, which also saw it ranked as having the best investment prospectus by over 800 real estate professionals in Europe. Over the past decade there has been significant commercial redevelopment across the region, predominantly set around Birmingham which has driven land values.

Similar to other primed regions of the UK there is a housing shortage of 30,000+ homes in the West Midlands, which in turn is forcing an upward trajectory of the local market and UK market in general. Savills predicts a 5-year growth rate of 20.2% for the region, one of the better performing locations in the UK. Another contributing factor to the region's burgeoning growth is the expanding population of young professionals. The area is home to 5 universities educating 75,000 students - with an incredible retention rate of 49% meaning 37,000 additional young professionals being added into the local economy each year, who are the largest demographic of renters in the UK. These factors culminate in a fantastic narrative for both capital growth & rental yield growth for property in the West Midlands.