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Category: Birmingham

Rightmove reports UK rental market is at a record high

Both Rightmove and Zoopla have reported that asking rents in the UK are up 11% annually, making it the most competitive rental market ever recorded. National average asking rents outside of London hit a new record of GBP 1,088 per calendar month (pcm), rising from GBP 982 pcm last year – the first time annual growth has exceeded 10%.   What’s causing the rise in rents? Underpinned by a supply and demand imbalance, Rightmove reported that there are more than triple the number of prospective tenants as there are rental...

Why renters are choosing Birmingham

Birmingham’s global profile is growing. From Peaky Blinders to the Commonwealth Games, a spotlight is being shone on the UK’s second city, attracting unprecedented global investment. Projected to achieve the highest house price and rental growth of any UK city over the next five years, Birmingham’s high performance is underpinned by its rapidly growing population and a supply and demand imbalance. But what is attracting renters to live and work in Birmingham? With major projects transforming the city including High-Speed 2 (HS2), the Snow Hill Masterplan and the GBP 500...

The Projects Transforming Birmingham

Birmingham is the UK city projected to see the strongest house price and rental growth over the next five years. Underpinned by a supply and demand imbalance of purpose-built rental apartments, the UK’s second city is attracting unprecedented global investment. Leading the way with forecasted growth of 4.9% every year for the next five years, a property bought in Birmingham today for the average price of GBP 238,581 would be valued at GBP 303,049 come 2026, as the table below shows. Area Average property price Growth per year Value in...

What Will Affinity Living Bring to Birmingham?

The UK’s second city is topping every property price and rental growth forecast for the next five years. With projected house price growth of 4.9% per year and rental growth of 2.8%, JLL attributed Birmingham’s high performance to key factors such as the Commonwealth Games 2022 and High-Speed 2 (HS2), both of which have already created thousands of new jobs and increased Birmingham’s global profile. Other factors are key infrastructure and regeneration projects across the city, including a GBP 50 million investment into Snow Hill station and the surrounding area...

What Are Birmingham’s Tenants Looking For?

With a population growing by 10,000 people a year, property demand in Birmingham is far outweighing supply. This housing shortfall is expected to be over 28,000 homes by 2031, underpinning Birmingham’s performance a prime investment location. Kickstarted by millions of tenants returning to the office this year, the urbanisation trend has triggered strong rental growth in the UK’s largest urban centres. Recent data from Rightmove’s quarterly Rental Trends Tracker reveals that Birmingham has not only bounced back from the declines caused by the pandemic but has hit double digit growth and...

5 Reasons Why This UK City Should Be Your Next Property Investment Location

The post-pandemic property boom has seen many investors looking for their next investment opportunity. Most people start by establishing an idea of budget and investment goals. Then the third question arises - where to invest? Although the pandemic has changed the way we live, the key factor when it comes to property investment remains the same - ‘location, location, location’. More people than ever are working from home or embracing a mix of home and office working as the ‘new normal’. Many predicted that this would lead to a widescale...

Why Regional UK Cities Are Becoming GCC Investment Hotspots

Register for our live webinar with Select Property Group CEO Adam Price to hear why GCC investors are buying property in Manchester and Birmingham. Are you free on Wednesday 17th February? Register Now   Following the success of our recent live webinar, we would like to invite you to our next webinar event - Why Regional UK Cities Are Becoming Global Property Investment Hotspots for GCC Investors. Hosted live from our office in Dubai Marina, join Select Property Group CEO Adam Price as we discuss why regional UK cities such...

Affinity Living Birmingham Pre-Launch Webinar: Register Now

Join Select Property Group CEO Adam Price live as he discusses the unmissable opportunity of our first development in the UK's second city. Are you free on Saturday 30th January?   Register Now   Select Property Group will be hosting a live webinar to mark the pre-launch of its latest development – Affinity Living Birmingham – and we don’t want you to miss this exclusive event. This is the first development we’ve launched in Birmingham, the UK’s second city by size and population, and we’re delighted to present exciting investment details...

High Graduate Retention Increasing UK Build-to-Rent Demand

In cities with high graduate retention, such as Birmingham and Manchester, delivering build-to-rent homes will be essential according to a new report. Summary: Graduate retention rates in major regional cities across the UK have been steadily rising in recent years A new survey has found that Birmingham had a 46% retention rate of its students in 2020; in Manchester it was 43% Delivering homes in the private rental market – such as build-to-rent – in these cities will “ensure the convenience and quality of housing these households need in locations...

UK Build-to-Rent to Benefit From New Homelife Trends?

Major investment fund believes that the sector's qualities "are well placed" to capitalise on changing attitudes towards property following the pandemic. Summary: Build-to-rent has remained “largely unaffected” throughout the coronavirus pandemic Investment fund Legal & General believe that new property demands created by life in lockdown will make the build-to-rent sector more attractive in 2021 and beyond It comes as Legal & General is set to spend £100 million in Birmingham on its 16th build-to-rent development in the UK, underlining the sector’s continued appeal to institutional investors   Is build-to-rent...
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The Blade, Manchester

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Vita Student Park Place

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Affinity Living Riverview Manchester

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