Housing Boom

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Sell My House Quickly found another interesting article about properties in Birmingham. Housing boom in Birmingham with prices predicted to rise by 4.9 percent annually.

Housing Boom

ON your marks, get set Birmingham is in the starting blocks to become the UK property market’s next big thing, with house prices predicted to rise by 4.9 percent annually for the next five years – and it’s partly thanks to the Commonwealth Games.

Birmingham 2022 starts next Thursday and has created thousands of new jobs since the city’s successful bid in 2017. The 12-day event will showcase Birmingham and Midlands across the world. With 1.5 billion people from 72 nations expected to watch on television.

Regeneration schemes connected to the Commonwealth Games began several years ago. It includes a £72million redevelopment plan for Perry Barr. Where Alexander Stadium will host the opening and closing ceremony, as well as track and field events.

More than 5,000 new homes are being built under the Perry Barr residential scheme in north-west Birmingham.

With the first phase of 1,414 homes available for sale off-plan later this summer.

But new homes at Solihull, where the NEC will host Commonwealth Games sports including badminton, boxing and table tennis, are available now with just a 5 percent deposit.

SO Resi Solihull has two-bedroom apartments still for sale under its shared ownership scheme, where a 30 percent share of a £250,000 flat is £75,000.

This would need a £3,750 deposit and monthly mortgage of £376 plus monthly rental payment of £561 for the 70 percent of the property still owned by SO Resi.

We found this article about Housing boom in Birmingham with prices predicted to rise by 4.9 percent annually on Birmingham Mail. Kindly click the link to read the full story.

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