Birmingham is fast becoming the city to watch. According to research carried out by consulting group PwC and thinktank Demos, Birmingham is the most rapidly improving city in the country as well as attracting more inward investment than any other UK region.
Global investors are flocking to Birmingham to take advantage of its regeneration, redevelopment and job creation. In fact, the 2017 Crane Survey reports that Birmingham is enjoying the highest level of development for 15 years. HSBC is one example of the growing interest in the city, moving from London to Birmingham, where office rents are about one third of those in London.
Increasing regeneration and development is also further boosted by the construction of HS2. While there are already good transport links into the City, the High-Speed rail network HS2 will increase connectivity, decreasing Birmingham-London journey times from 1hr 21min to 49min. The growth, redevelopment and increasing connectivity has made Birmingham popular for young professionals, highlighting the need to provide high quality, affordable accommodation.
Improvements in transport links and major infrastructure works have allowed Birmingham to be selected over Liverpool for the 2022 Commonwealth Games. This will hopefully have the same effect the Olympics had on Stratford, further boosting regeneration, employment and investment in the area.