Birmingham – A Hotspot For Property Management

“The serviced office sector in the UK continues to thrive, it provides over half of the region’s GVA (41.9bn) with the largest sector ‘Property & business services’ (17.8bn) followed by ‘Health & social work’ (6.1bn), ‘Education’ (5.4bn) and ‘Financial services’ (4.5bn).”
Regional development agency (RDA) for the West Midlands

Birmingham was an influential English city during the Industrial Revolution and was popularly summoned as “the workshop of the world”. Though the city’s industrial importance has declined, however, today it has developed into a national commercial centre and is regarded as the second-best place in the country to locate a business. Being the national hub for commerce, the city creates voluminous space for conferences, retail and events with a strong foothold in technology, research and development.

Basking on its glorious past, Birmingham continues to thrive, both as a business center and as an attractive metropolitan city. With 41% increase in the number of enquiries for service office space outside London, the city was ranked as the topnotch on the hotspot list for commercial property in 2007.

With a huge demand for commercial space, Birmingham offers an incredible range of available office space to meet the diversified requirements of every business. From contemporary city center to period style office accommodation, conventional business parks to modish warehouses.

The notorious Square Mile on the Colmore Row has been Birmingham’s financial district for past two centuries and many professionals strongly agree that corporate activity must take place in its vicinity, however those with flexible mindsets have started to venture in the suburbs, thus making the city a commendable commercial success.

Despite frequent reports of UK construction market reclining, Birmingham continues to boom with construction. Both residential and business complexes are erecting in all four corners of the city. No doubt Birmingham is a hotspot for property management.

For residential owners, the city offers 8,000 acres of breathtaking landscape with economically priced dwellings, thus making Birmingham a hotspot for property management. Investment in property in this region will yield higher and attractive incomes. For example, a 4 bedroom house will fetch rentals between 80,000 and 100,000.

Today property management offers a comprehensive service package in addition to rent collection. The services encompass property inspections, property maintenance, and supervision of the tenancy in conjunction with an integrated accounting system, resulting in an absolute performance on the investment.

Low interest rates are encouraging people to invest in property as part of their long term financial plan. However it can be a daunting experience as they require an in-depth knowledge to make an informed decision. Birmingham being the hotspot for property management, offers a wide array of real estate companies (B1, B2, B3, B4) that provide complete solutions to property management.

Renowned with the locals and across the nation, Fisher is an independent letting and management specialist in the Midlands. Their mission is to provide both landlords and tenants peace of mind, by finding an appropriate tenant for each client, in addition to religiously informing the parties before the final commitment is made. Hence, emphasizing their organizational commitment in this hotspot for property management, Birmingham.

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