Famed for its industrial past, Birmingham is a city very much looking to the future. The metropolitan area is currently undergoing huge amounts of investment, which has seen the city’s winding canals transformed into the thriving hubs of accommodation, food and business of which the city is now based.
Thanks to its historical buildings, fantastic theatres and world-renowned sporting venues, Birmingham is a city that lives and breathes culture. You can shop to you drop at the Bullring Shopping Centre during the day and enjoy a Balti at a Michelin Star restaurant in the evening.
For investors, the city’s thriving mix of youth and cultures makes for an exciting investment prospect.
Its Property Prices Have Steadily Risen
Birmingham has represented an attractive proposal for investors for a number of years now thanks to its relatively low starting prices compared to the Southeast of England
House prices in the city rose between April and June this year by 9.6% when compared to the same period in 2015. Birmingham is ranked the 6th best city to invest in Europe.
It Has World-Class Transport Links
Birmingham’s International Airport continues to go from strength to strength, with October marking its 20th consecutive month of record-breaking growth.
Over a million passengers are now using the airport each month, with new direct routes to India and China driving trade in the region.
The recent £750 million development of New Street station in the heart of the city centre has also provided the region with the infrastructure needed to cope with the predicted growth in the population over the next 100 years.
It’s About to Welcome HS2
Work is set to start on the high-speed rail line HS2. Which will see journey times between London and Birmingham slashed to just 49 minutes.
Early estimates predict the impact on the region to be huge, with a predicted rise in employment by 1.5% and a contribution of £1.5 billion added to the city’s value of goods and services.
Birmingham is famous for its many excellent universities and its brilliant colleges. With 5 University’s and over 7 major colleges calling Birmingham home it isn’t a surprise that people from all over the globe come here to study in outstanding high achieving education.
It’s a Growing Tourism Hotspot
Over 1.1 million foreign tourists visited the second city last year, an increase of 17% on 2014.
The additional 163,000 visitors to the West Midlands was the largest increase in international visits to any city outside of London.
The results saw Birmingham rise in the rankings to become the fourth most visited place in the UK.
It’s the Most Entrepreneurial City in the UK Outside of London
Birmingham was the home to 14,152 businesses launches in 2015, a figure that is nearly double that its nearest rival, Manchester.
The city has placed second in Start Up Britain’s yearly rankings for three consecutive years thanks to its mixture of affordable rent, fantastic transport links and young, technology-savvy workforce.
It’s Attracting People From all Over the UK
Internal migration figures in the UK show that Birmingham is one of the most popular destinations for people trying to resettle, with it featuring in the top ten list of all age groups.
Perhaps most telling, however, is the fact that many Londoners that are looking to start a family are being drawn to the region. Birmingham places first in internal migration statistics for the 30-64 age group, while London saw a net migration drop of 68,000 in the same category.
It’s a Hugely Popular Events and Conference Destination
Thanks to its geographical location in the centre of England, Birmingham boasts a sleuth of impressive statistics when it comes to events.
For six years in a row, the British Meeting and Events Survey have named the city as the number one UK events destination outside of London.
That figure is backed up by figures from leading global events management company. They claim that the city is the top UK regional destination for conferences and events, with Birmingham ranking 22nd out of more than 2,500 EMEA cities worldwide.
Its Residents Enjoy a High Quality of Life
London and Edinburgh are the only UK cities to rank higher than Birmingham on Mercer Global’s yearly Quality of Life index.
The company consider a range of 39 factors, including political stability, crime and medical services.