Birmingham has been named the UK’s most investable city – and the sixth-best in Europe – by a prominent survey.
An annual survey of European investors’ intentions, which measures prospects, saw the city shoot up the rankings because of a fear of a property market bubble in global centres like London and Paris.
Indeed, while Birmingham was named sixth in the survey by Urban Land Institute (ULI) and adviser PwC – rising from 17th last year – London was only 10th. That was put down to prices being pushed up by sovereign wealth funds, pension funds and Asian insurers.
The report, Emerging Trends in Real Estate, A Balancing Act, states: “Regional markets are also having a renaissance. This is most evident in the UK, where Birmingham now claims number six, up 14 places. With London so competitive that respondents talk of bubbles and overpricing, attention is shifting to Birmingham and other regional centres.”
The research comes from a survey more than 500 of Europe’s top real estate investment experts by PwC and ULI. http://www.birminghampost.co.uk/business/business-news/birmingham-named-uks-most-investable-8445016
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