May 21, 2018

Key Projects driving up property prices in the West Midlands

The UK continues growing despite Brexit, which is due to take place in March 2019. Currently around 68 Government projects aim to bring £30 billion in investments to the UK.

International Trade Secretary Dr Liam Fox is launching a strategy to attract foreign investment into the UK. The West Midlands region leads the way with a large number of projects. He said that the strategy is to build on the UK’s position as a leading destination for foreign investment in Europe.

Such investments lead to the creation of more jobs, economic growth and tangible benefits for local communities. For example last year, investment projects created or safeguarded 108,000 jobs in the UK.

West Midlands projects include:
· UK Central Hub and HS2 Interchange, Solihull, £2,000m
· Birmingham International Station £1,400m
· Birmingham Curzon £1,000m
· Friargate Coventry, Coventry, £700m
· i54 Western Extension, Wolverhampton, £600m
· Paradise, Birmingham, £550m
· Stafford Gateway North, Stafford, £381m
· Stoke-on-Trent City Centre, Stoke-on-Trent, £310m
· Worcester Growth Corridor, Worcester, £300m
· MIRA Technology Park Southern Manufacturing Sector, Nuneaton, £150m
· Interchange Commercial District, Wolverhampton, £150m
· Skylon Park, Hereford, £105m
· Telford Investment Cluster, Telford, £105m
· Redditch Gateway, Redditch, £100m

All these projects will in turn lead to an increase in property prices for the region. Moreover, the creation of jobs will drive more people to West Midlands increasing the demand for rental properties.

Prosperity offers a number of buy-to-let property investment opportunities in West Midlands which you can find here.