One significant attraction for many tenants, homebuyers and investors to Birmingham city centre is the close proximity to the capital city. In recent years, professionals have been reluctant to base themselves in London due to extortionate pricing. As a result, many individuals choose to reside in Birmingham as an affordable, yet just as appealing, option. Whilst the property and rental prices are lower in this city, the quality of the city’s shopping centres, institutions, industries and attractions are not compromised. The amenities, fantastic transport links and buzzing business hubs are what make Birmingham such a worthy contender against London for housing professionals and attracting investors.
As it stands, this West Midlands city is bursting with opportunities for landlords in the buy-to-let sector. From canal-side apartments to large modern family homes and urban flats, Birmingham has a lot to offer for a variety of residents in the area. The level of demand to live in this city comprises young professionals, families and those looking to relocate to an equally exciting city from the capital. It has been increasingly identified that the ideal tenant type for most landlords is young professionals. Where this tenant type is favourable, it is crucial that the demographic parallels. Fortunately for buy-to-let investors, 60% of Birmingham’s population is made up of under 35-year-olds, suggesting that the career opportunities, nightlife and social attractions are highly suitable in this region for a younger generation. Preserving its status as one of the youngest cities in the UK, Birmingham’s ongoing appeal to young professionals indicates the constant demand for tenancies.
