Having property has always been a great investment, but it's become even better in recent years with property prices sky-rocketing. If you're thinking of investing in property, Birmingham is a great place to start.
Here are the top 5 reasons why you should invest property in birmingham over other property hotspots across the UK.
1. Short commutes = healthier lifestyles
If you've ever driven into Birmingham from the surrounding areas at rush hour then you'll know that it can take hours to get in and out of the city. Birmingham property prices are lower than property prices in other parts of the UK, however property in Birmingham is a better investment because property outside of the city isn't within a commutable distance.
As commute times grow longer, businesses will start to lose their key employees who want to spend more time with their families. People with property near Birmingham can live further from the city and enjoy a short commute, therefore property in Birmingham is always going to be popular.
2. Squeeze cities = rise in property prices
The property prices of UK cities are rising at an alarming rate because they're becoming so overcrowded. By 2020, London will have another million people living within it, property prices in London property will almost certainly rise. With property investment comes a property price increase, property investors know the property value of an area will always go up over time and property near Birmingham is a perfect example of this concept.
3. Excellent property yields
Investing in property isn't all about capital appreciation; it's also about property investment yielding a healthy property yield. Birmingham property prices may be lower than other areas in the UK, however property price growth is higher because of property yields being so high.
With property prices already at a point where property investors can make a good profit from buying and selling properties it's no wonder property in birmingham has become such a popular property hotspot.
4 . Birmingham property prices aren't over-valued
The property price growth of property in birmingham has outpaced property prices in high-end areas such as London, Manchester and Leeds. At some point all property bubbles burst but property in Birmingham is still well below the property prices of other major cities across the UK
5.Location location location
Birmingham property has all of the amenities that people living in other parts of the UK desire, which means property prices always rise. It's no coincidence property near Birmingham is a favourite with property investors because not only are property prices cheap compared to other property hotspots but property yields are also much higher meaning an excellent investment. ***
Conclusion - property investment in birmingham is one of the most profitable investments you will make. Your property will provide an excellent income, and property prices are continually increasing.
