Birmingham offers better value for money than both Brisbane and Brooklyn for property investors, according to research compiled by Investorist.
The UK’s second biggest city has seen a massive regeneration as of late, with the completion of a vast redevelopment of Birmingham New Street station and the construction of a new Birmingham library just in the midst of the city centre. Alongside a complete makeover of the city’s largest train station, the West Midlands capital has also seen the instalment of a state of the art tram transportation system, completed this summer.
According to recently released data, as well as the growing infrastructure, Birmingham is becoming a more attractive place in terms of off-plan property investment opportunities. Investorist found that compared to other international urban cities such as Brisbane and Brooklyn, Birmingham offered the most value. In Brooklyn for instance, an apartment listed came in at £10,793 per square metre, and thus making it the most expensive of the three cities. Brisbane followed, at £3,976 per square metre, while Birmingham offered a superior deal, at just £3,068 per square metre.
Jon Ellis, CEO and Founder of revolutionary trading platform Investorist believes that;
“Birmingham offers an excellent investment landscape, from high end retail space to some outstanding residential property developments. It’s a city that appeals to investors on many levels and the post-Brexit drop in the sterling’s value has made it even more attractive to those who have other investment currencies to spend”
“Quite simply, investors can get more for their money by looking at off-plan buy-to-let homes in the UK right now than they can in many destinations around the world. Demand for good quality rental properties in the UK is underpinned by a range of factors that should see it weather the Brexit fallout, such as the increasing size of the private rental sector and the significant deposit requirement faced by first time buyers.”
In addition, the city boasts an ever bustling presence of culture and entertainment and nightlife. If you’re looking for something particularly seasonal, the Birmingham Royal Ballet is host to annual festive performances of The Nutcracker from the 25th of November-13th December.