Residential Forecasts: West Midlands
Birmingham’s city centre has grown as a desirable place to live for many of the city’s young professionals, especially over the past couple of years. As yet, however, the residential development market has not responded sufficiently to meet this growing demand. This is partly because the latest wave of demand is relatively new, but is also because of the scarcity of available, developable sites in the city centre. These dynamics have pushed sales prices and rents higher.