Birmingham is one of the most exciting and attractive property markets in the UK for a number of reasons. It has an international profile, growing population, fantastic future economic prospects and a shortage of housing which is pushing up property values.
However, one of the most important factors in Birmingham’s success is the range of regeneration projects which are changing the face of the city and making it an even better place to live every year.
Some of the most intriguing and impactful new developments are in the Edgbaston and Ladywood area which is home to Neighbourhood Heights, our latest residential building in Birmingham.
A great example is the work ongoing at two separate hospital sites. The first is £650m Midland Metropolitan University Hospital which is set to open in Spring 2024 and will take on the majority of medical responsibilities in the region.
It will bring together specialties from all areas to offer emergency care, maternity services and both adult and paediatric inpatient care to more than half a million people.
When it opens, the need for the existing City Hospital will be greatly reduced – and it is here that we can see the results of Birmingham’s joined up approach to regeneration and development. The site is set to be redeveloped by Homes England to provide 825 new homes of all sizes on the former City Hospital site and put the land to the best use possible for the community.
Abby Brough, head of planning and enabling at Homes England, said: "Homes England is working closely with partners and local stakeholders to develop a masterplan which benefits the existing community and respects the history of this site. City Hospital West is entering a new era and our aim is to ensure the site continues to play an active role in the local community for generations to come.
This project accompanies others in the local area including the new hotel, employment skills centre and transport infrastructure at Edgbaston Stadium; the new Soho Wharf development; the recently completed phases of Port Loop to the east; a £330m regeneration scheme in Edgbaston that includes New Garden Square; and much more to come in the future.
This is a city filled with confidence, and the Ladywood and Edgbaston area is one of its most up-and-coming parts. The Birmingham property market is in desperate need of new homes, however, and even schemes of this size will only scratch the surface of demand.
It has been estimated that as many as 4,000 new homes are needed each year in Birmingham, but the latest Deloitte Birmingham Crane Survey shows that fewer than 6,500 are due to be completed by 2025.
Birmingham’s ambition and extensive regeneration plans show a city with long-term plans for prosperity and the ability to put them into action. Whether you are a homebuyer or an investor, there has never been a better time to buy in Birmingham and make the most of everything this city has to offer – now and for years to come.
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