All Key Factors Driving Birmingham to Become the Popular Investment Hotspot in the UK
As the second largest city in the UK, Birmingham has every reason to become its most investible city – a 20-year Big City Plan regeneration, HS2 train development, a young and growing population, an increase in multinational companies, strong housing demand and favorable housing prices – all key factors driving Birmingham to become the popular investment hotspot in the UK.
House price in Birmingham has increased a total of 33% in the past 5 years, with around 5-7% year over year growth. Despite the robust increase in house price, the average selling price in London is about 3 times the price of Birmingham.
One of the fundamental driving factors is the £1.1bn Big City Plan – a 20-year planning on infrastructure, housing and commercial space in Birmingham, aiming to transform and unlock the potential in the city.
Major transformations include the Smithfield Regeneration Project and Paradise Birmingham which will create more than 15,000 jobs. The plan also attracts business into the region such as that of HSBC and Deutsche Bank, which relocated their UK headquarters to expand their operations from London to Birmingham, continuously attracting young professionals to the city.
As more world-class companies move into Birmingham, the population is expected to grow by 13.7%, approximately 150,000 people by 2031. Birmingham has one of the youngest populations in Europe which has also boosted the housing demand.
HS2, the high-speed rail line, will shorten travel time from London to Birmingham to 49 minutes, encouraging London-based companies to move their operations to Birmingham where a greater number of young professionals have chosen to live for a more affordable and relaxing lifestyle.
With its excellent accessibility, educational establishments, and world-class leisure, retail and entertainment venues, it is no wonder Birmingham is set to become one of the best investment destinations in Europe.
Luxurious Living in the Heart of Birmingham
A landmark luxury residence situated in the heart of Birmingham, St Martin’s Place provides an unrivalled, premium lifestyle with first-class hotel standards. As Birmingham’s first hotel-serviced residential development, this high-end 16-storey tower comprises 228 deluxe, suite and executive units. The apartments feature an open-plan kitchen, classy living room and relaxing views of the city centre.
Within minutes of walking distance from Deutsche Bank headquarter and Brindley Place, as well as future headquarters of HSBC, PWC and HMRC set to provide 8,000 executive jobs by 2020, St Martin’s residences will experience a convenient and enjoyable lifestyle within close reach of the city centre.
St Martin’s is just 10 minutes from New Street Station and Grand Central, as well as a few minutes’ walk from the expected tram stop which links to the city centre. Lots of restaurants, bars and coffee shops, with the calming view of the Birmingham Canal Old Line, are all within a stone’s throw.
St Martin’s Place, Birmingham, UK
Estate ID: 7948
| Location | St Martin’s Street, Birmingham B15 1DL |
| Completion Date | Q4 2020 |
| No. of Units | 228 |
| Unit Types | 1, 2, 3-bedroom |
| Unit Size | From 649 to 919 s.f. |
| Tenure | 150 years |
| Facilities | State-of-the-art gym, private cinema, 24-hour concierge, exclusive access to Park Regis’ spa treatment and rooms services |
| Building Warranty | 10 Years fully CML compliant |
| Unit Price | Starting from £289,950 |
Originally published in COLLECTION, 1 January 2019
