Birmingham Runs Full Steam Ahead In The House Price Race
Birmingham won the race to host the 2022 Commonwealth Games, and it seems that Birmingham house prices are running full steam ahead in the stakes too.
The latest report from Hometrack, showing year on year figures for December 2017, reveals Birmingham saw a 7.5% increase in house prices – the highest of all English cities, and second in the UK only to Edinburgh, which saw an increase of 8.2%.
This means Birmingham house prices have achieved a 3.1% higher growth than the UK average of 4.4%.
Paying further testament to the strength of the market, the report also shows that the discount to listing prices in the city have also halved since 2013, reducing from 6% down to just 2.7% in 2017.
With such positive figures, there’s clear reason to believe that in 2018 the city will be set for further growth. It’s no wonder then that investors are flocking to the UK’s second city. Growth potential is good for landlords, and demand is increasing amongst renters, following an influx of investment in recent years that is currently showing no sign of slowing.
To jump in on the action and start running towards your own goals as a landlord in the UK’s second city, speak to one of our investment experts today by filling out your details below.