The Birmingham Big City Plan:
A Property Revolution Is Afoot In The West Midlands
When talking about investing in UK property, Birmingham tends to be left out of the conversation most of the time. Especially when other more prominent areas like London and Manchester are hogging the limelight. However, a series of major upgrades is set to awaken this “sleeping giant” in the West Midlands. Once those changes occur in the near future, it’s highly likely that Birmingham will become not just one of the UK’s, but also the world’s, most premier property hotspots. So if you’re not familiar with the property scene in Birmingham, fret not. This article will reveal all the latest developments, statistics and everything you need to know to prepare for the upcoming Birmingham property revolution.
The Facts And Stats Of Birmingham’s “Big City Plan”
The Big City Plan is a masterplan to radically transform Birmingham into a world-class city centre. Spanning 20 years of continuous developments, it has been dubbed the most ambitious project ever taken on in the UK.
To give you an idea of what to expect, here are some key stats involving this transformation:
Creating 1.5 million square metres of new floor space
Creating over 50,000 new jobs
Contributing £2.1 billion to the economy each year
Creating a well-connected, efficient and walkable City Centre
Providing 65,000 square metres of new and improved public spaces
Providing 28 kilometres of enhanced walking and cycling routes
Providing over 5,000 new homes with new leisure and recreational facilities to attract more families
Valuing the city centre’s heritage and cultural assets
Integrating sustainable development and addressing the impact of climate change as part of the future transformation of the city centre
Delivering five areas of transformation supporting the growth of the City Core
How The People Are Responding To Birmingham’s Positive Developments
We are currently in the infancy stages of the big city plan. Even so, visible improvements have already been seen and felt. And the people are responding in kind.
Over the last decade, Birmingham’s population has risen by nearly 10%, with an additional 100,000 citizens added to its ranks.
Economists have also projected an annual 3,300 increase in households over the next 10 years. This is in large part, due to an increasing desire to work in one of the UK’s fastest-growing economies. Many have already moved from other parts of the UK to Birmingham, seeking employment in this up-and-coming city.
A recent poll among final-year students currently studying in Birmingham universities showed that more than 40% intend to stay for work-related reasons after they graduate. The human factor is a key consideration which has a direct impact on Birmingham’s property market. It’s no secret that rising populations usually leads to thriving property markets.
In the UK, both currently and in the future, Birmingham is quickly establishing itself as one of the leading drivers of the housing market.
Source: Birmingham Market Update 2020
Should You Join The Revolution And Invest In Birmingham Property?
Based on our research and findings, we can safely recommend Birmingham property as a secure investment which is likely to reap attractive returns down the road. One particular project caught our eye: Digbeth One 2.
Located in the heart of a vibrant creative quarter and just a 10 minute walk from Birmingham city centre, Digbeth One 2 is a new collection of apartments built for living, work and play. With an interconnected network of bus routes, tramways and cycle paths, there’s an array of sustainable travel options for you to explore. Conveniently linked to the M6, M5 and M42, it’s the ideal location for those who need to commute. With HS2 (a new high-speed railway) on the horizon, Digbeth is set to become of the most connected communities in the UK.
2 Unique Ways to Live.
Located in the heart of a vibrant creative quarter and just a 10-minute walk from Birmingham city centre
Digbeth is a thriving new hotspot in Birmingham, home to a wide range of leisure spots and amenities
Conveniently linked to all of Birmingham‘s fantastic transport links with the Birmingham Coach Station only a 5-minute walk away
Only a mile from the famous Bullring Shopping Centre and Selfridges in the centre of Birmingham, Digbeth One 2 is just a short walk away from the sights and sounds of Britain’s second city
Digbeth One 2 has an exterior that reflects Digbeth’s industrial heritage, with accents inspired by the most dynamic boroughs in New York, with a unique style to reflect the buildings’ industrial and urban aesthetic
A communal rooftop terrace with views over Birmingham for the residents to enjoy
2 specially crafted interior design styles to choose from - Skandi & Mono, allowing new homeowners to pick the style which defines them
At this moment, investing in a Digbeth One 2 unit is still relatively affordable.
194 contemporary apartments fronting Bradford Street, Lombard Street and Cheapside, in the heart of Digbeth.
Phase 1 - Completed
Phase 2 - Nov 2021
Phase 3 - Apr 2022
10 years LABC warranty
Studios, 1, 2 and 3 bedroom apartments from £160,000*.
This is a great entry price, considering that rental yield returns are estimated at 4.9%* per year.
Not to mention the capital appreciation when more of the big city plan is fulfilled. But do act fast if you’re interested. This window of opportunity to invest at a low price is likely to be shut sooner rather than later.
So are you keen to find out more about Birmingham property and Digbeth One 2? Fill in your details below, and we’ll contact you to explain further and answer all of your burning questions.
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