Birmingham is continuing to prove itself as an investment hotspot as major infrastructure and redevelopment projects attract big business and young professionals to the city. Property developers Seven Capital have predicted the top 6 Birmingham postcodes for 2018 that property and buy-to-let investors should consider as investment hotspots in Birmingham.
This area of the city is becoming established as Birmingham’s medical quarter, with over 550 medical companies in the area. The new HSBC head offices are also only a 5-munite walk away. Situated at the former Pebble Mill, there has been much investment in this exclusive area which is bringing a large rental population to Edgbaston.
Properties in this village are very much in demand for families and young professionals. House prices have increased by 3.04% since January 2017 due to its location close to the city centre and its various shops, cafes and restaurants.
Holloway Head, B1
B1 is Birmingham’s prime city-centre postcode. It is near to many of the city’s main attractions, including the Bullring, The Mailbox and Grand Central Station. Demand for properties in this area is only set to increase as the nearby major Paradise development project goes into its final stages. This project will create 1.8 million square feet of commercial, retail, leisure and office space as well as a new pedestrianised area.
Jewellery Quarter, B3 and B18
This area of Birmingham is a very appealing place for young professionals to live, thanks to its many retail and tech businesses, as well as great restaurants and bars. Located very close to the city centre, the Jewellery Quarter is always in high demand from renters.
Kings Heath and Mosely, B14 and B13
Another favourite area for families and young professionals. The B14 and B13 postcodes are full of vibrant character. With numerous shops, restaurants, green spaces and a thriving art scene. Property prices in Mosely have increased by 2.17% since January 2017. Furthermore, the development of the Birmingham to Mosely and Kings Heath railway line will only increase demand here.
Erdington is one of the top investment hotspots in Birmingham. With great transport links, close proximity to the city centre and a thriving high street. It’s no wonder Erdington is forecast for growth. This Birmingham suburb was ranked 5th in Zoopla’s Top 10 Hipster Hot Spots. It is a magnet for young people who want to live in one of the coolest parts of the UK.