{"id":22296,"date":"2018-12-10T16:25:27","date_gmt":"2018-12-10T16:25:27","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=22296"},"modified":"2018-12-10T16:25:27","modified_gmt":"2018-12-10T16:25:27","slug":"birmingham-set-for-exciting-future","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-au\/news\/birmingham-set-for-exciting-future\/","title":{"rendered":"Birmingham set for exciting future"},"content":{"rendered":"

It\u2019s an exciting time to invest in Birmingham. <\/strong><\/p>\n

With major businesses having already moved in, long-term infrastructure, transport and communications projects are set to improve life in the area in the long term and ensure that this youthful, vibrant and progressive city becomes an even more attractive place to be involved with.<\/p>\n

PwC have described Birmingham as the UK\u2019s most investable city. Property prices have seen an 8.9%<\/a> year-on-year growth over the past year, ahead of the UK average, a trend expected to continue to at least 2022. It outranks London<\/a> in PwC\u2019s 2018 \u2018Emerging Trends in Real Estate\u2019<\/a> report looking at future prospects of European cities.<\/p>\n

Here comes HS2<\/h4>\n

The development of HS2<\/a> is set to have a huge impact on Birmingham. The new high-speed line connecting the city to London is due to open in 2026 and will cut journey times to and from the capital from an hour and 20 minutes to just 49 minutes. Lines to Leeds and Manchester will follow by 2031, also speeding up journeys to these major cities.<\/p>\n

The arrival of HS2, which will stop in the city centre, will see Birmingham gain the first new intercity railway station built in the UK for over a century when Curzon Street is completed in 2026. Curzon Street will link to the tram network and local trains, while HS2 will run through Interchange, another new station to be built in nearby Solihull that will connect various local services.<\/p>\n

Construction of HS2 \u2013 a bigger project than London\u2019s Crossrail<\/a> \u2013 is boosting the local economy and attracting people in need of short term and long-term property solutions. The prospect of improved local infrastructure and national connections is also attracting businesses, with HSBC moving its retail and commercial operations to Birmingham.<\/p>\n

Bringing the Games to Birmingham<\/h4>\n

Birmingham will welcome one of the world\u2019s largest sporting events when it hosts the Commonwealth Games in 2022.<\/a> It is expected to generate around \u00a3750million for the local economy and leave behind a wealth of benefits for the area.<\/p>\n

The principle venue for the games will be the Alexander Stadium in Perry Bar, north of the city centre. This athletics stadium will be radically upgraded to a capacity of 40,000 for the event, before being remodelled to leave the city with a venue for major track and field competitions boasting a capacity of 25,000.<\/p>\n