In a recent post of ‘best places to invest in the UK‘ using research from a number of sources including Hometrack, Rightmove and Knightfrank – Birmingham has come out top in the best places to invest in 2019.
Birmingham tops the list of our best UK cities to invest in 2019, buoyed by incredible inwards investment, huge infrastructural developments and a predicted population growth of 13.5% taking the city’s population to 1.3 million by 2039. With the youngest population in Europe, Birmingham’s five universities have helped develop a talented graduate pool of young professionals, ready to take advantage of the global businesses setting up headquarters.
The second city has the largest business, professional and financial services hub outside of London, attracting huge corporations such as HSBC, Deutsche Bank and PwC, making the city a truly commercial hotspot. This has only supported growing demand for living in the city, with contemporary apartments in areas such as the Jewellery Quarter, Harborne and the city centre providing excellent rental yields, between 5% and 10% on average.
2018 has been a big year for development in the second city, with cranes littering the skyline. From the generational development of High-Speed Rail 2 bringing London closer than ever, Birmingham is also home to the planned £700 million Paradise development, £500 million Birmingham Smithfield regeneration and Arena Central, providing new residential, commercial and leisure space. Add a winning bid to be the testbed for the 5G mobile network alongside a future global event with the 2022 Commonwealth Games and you have a city experiencing incredible demand.
As the second fastest growing UK city over 2018 and with a forecast growth of 14% over the next three years, Birmingham is set to remain an investment hotspot in 2019.
For investors that are looking for something outside of the traditional London investment, the UK market includes a number of emerging markets that have the potential to offer strong rental yields and capital growth.
Other towns and cities to make the list are