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Birmingham property market is at its strongest

Thursday 15th March 2017

 birmingham

The Birmingham city centre property market is at its strongest for many years, confidence in the housing market is being driven by the city's overall appeal and its increasing confidence as a major European city with five Michelin-starred restaurants, striking new architecture with the Grand Central station , Selfridges , Bull Ring and Library and now as a popular tourist destination and a place that is known for featuring in the stylish TV crime drama Peaky Blinders and as a popular filming location for many new movies including  Steven Spielberg's latest Sci Fi   " Ready Steady one".

The success story continues with the city's  record economic growth of 5.2 per cent in 2015, and businesses such as HSBC and Deutsche Bank opening offices outside London have all contributed to house prices and confidence rising, not least because royal assent was granted last month for the HS2 London to Birmingham rail link, which is expected to be completed in 2026.

The overall improvements to the city infrastructure, increasing supply of new development and regular press coverage on the city's invest ability have all contributed to the current climate..

Despite the options for an off plan new build residential opportunity,  the resale housing market is very much in demand but still in very short supply against the volume of buyers looking to purchase , investors, owner occupiers and first time buyers are all clamouring to buy in the city and take advantage of the current low mortgage rates. It is common for a new residential listing to attract five plus viewings in the first few days of marketing, leading to potential multiple offers and in some cases offers in excess of the asking price.

York Laurent is leading the way for buyers and sellers  for the latest information. Contact York Laurent for free advice on current valuations, investment & mortgage referral. Call today on: 0121-236-5757 (option 1)

 

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