Real Estate Investor Magazine South Africa Real Estate Investor Magazine - June 2017 | Page 61

ADVERTORIAL
IP Global is an end-to-end property investment company
that sources worldwide real estate with growth potential.
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IP Global’s team of international property professionals are
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Further south in the West Midlands sits
Birmingham – the UK’s largest city after London
by population (1.1 million) and set to expand – with
12.2% more people expected between 2012 and
2032. Its central location means that 90% of the UK
population is within a four hour commute of the city.
It is home to over 75 000 companies including 1
190 international firms – the largest concentration
of businesses outside of London. In 2016 there was
a 37% increase in business start-ups with over 50 000
new city centre jobs set before 2030.
A key driver of Birmingham’s future growth
is the upgrade of the UK’s national rail network.
High Speed 2 will bring London within 49 minutes
and significantly cut journey times to Edinburgh,
www.reimag.co.za
Newcastle and Manchester. The project is also
expected to deliver a GBP1.3 billion boost for local
economy with over 30 000 new homes needed by
2031.
All this adds up to excellent projections for
property price growth in the city. 2014 to 2016 saw
Birmingham property prices grow by 11.4% and
looking ahead, 21.7% capital growth is expected
between 2017 and 2021. High demand saw average
rents increase by 3.2% in 2016, with rental growth
forecast at 17.6% between 2017 and 2021.
As demand continues to rise across the UK’s
regional cities, we’re seeing some very attractive
opportunities for investors to enter these burgeoning
markets.
JUNE 2017 SA Real Estate Investor
59