Why invest in new Penthouses in Birmingham?

Birmingham is experiencing a true period of change that is transforming the landscape. Over the last decade, Birmingham has laid the foundations for growth with the Big City Plan, a project designed to revolutionise infrastructure alongside the residential, commercial, retail and leisure sectors. This approach to building positive change has meant Birmingham is now attracting immense accolades such as the 2022 Commonwealth Games, ensuring the city’s position on the world stage.

Penthouses have a history of being associated with luxury. Often representing the peak of any apartment building,  penthouses in Birmingham should offer incredible views and a feeling of elegance that it’s difficult to find elsewhere. Whether you’re an investor or a resident, penthouses will typically be at the top of any wish-list for both quality and demand and Birmingham is no different.

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Rental Demand

Demand for Birmingham has grown exponentially over the last few years and looks set to continue in 2020 as the Big City Plan provides new amenities, mixed-use spaces and exciting new landmarks. With 40% of the city’s core inhabitants under-25, Birmingham maintains the 4th highest graduate retention rate – 41% year-on-year of over 100,000 full-time students.

Birmingham has also seen demand bolstered by people moving from overseas and London. The second city is the most popular location for Londoners leaving the capital according to the Office for National Statistics and four major universities in the city attract a range of international students from across the globe.

This has created an undersupply of property and an incredible increase in rental potential within the city – JLL predict that rental prices will increase by 12.5% over the next three years, demonstrating the long-term staying power that Birmingham is building.

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Start quoteI have recommended many of my friends, family and clients to buy apartments from SevenCapital, all of which have had a very good experience and made good capital growth and high yields. Their customer service is by far superior to any other developer that I have dealt with. End quote
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Start quoteOverall experience good, bathroom spec is good and lovely windows. Overall impressed. End quote

Fiona Margolis, Kettleworks

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