In the recent annual report published by the Urban Land Institute and PwC, Birmingham has been highlighted as one of the top European cities for property investment.
Birmingham is starting to pull in major investors who are finding London too competitive and too expensive. The city is also gaining a strong reputation for new business start-ups with 19,000 new businesses being created in 2014.
The lower property costs, the reputation for new business innovation and the potential arrival of HS2 in 2026 are all attracting investors who are looking to the long term and Birmingham’s potential.
The top ten cities from the report are listed below: 2015 Ranking 2014 Ranking Change
1 Berlin 4 +3
2 Dublin 2 =
3 Madrid 19 +16
4 Hamburg 3 -1
5 Athens 28 +23
6 Birmingham 20 +14
7 Copenhagen 8 -1
8 Amsterdam 25 +17
9 Lisbon 26 +17
10 London 5 -5
Birmingham has gone up a significant 14 places in the ranking since the last report which is testament to how the city is now being viewed by international investors.
This is good news for both the property market and economy in Birmingham and represents a great opportunity for the city.