The world’s highly anticipated Commonwealth Games 2022 to be hosted by Birmingham will bring an additional 4,526 jobs to the city yearly until 2022. Not only that, but an estimated 950 more jobs will be available annually after that. The benefits of hosting the Commonwealth Games spread far and wide, stimulating economic growth years in advance for Snow Hill Wharf Birmingham Property Investment scene.
Because of this massive boost in employment opportunities in the city, serious property investors are jumping over the fence to invest in prime location hotspots right at the city centre, like Snow Hill Wharf.
As well as being a core city within the UK, Birmingham also ranks as one of the most popular investment locations in Europe. With £billions of investment being injected into infrastructure projects across the city, spanning both commercial and residential spaces, the future of Birmingham is an indication of its potential.
Combined with the growing demand for property, this offers insight into why investors should consider the second city. The continued regeneration, joined with the 2022 Commonwealth Games and a thriving business district, make Buy-to-Let properties in Birmingham a prime investment opportunity for 2022 and beyond.
12,500 Apprenticeship Schemes
As one of the most significant events ever held in Birmingham, the perks come with enormous responsibilities and benefits. The Commonwealth Games includes an apprenticeship scheme and is providing opportunities for up to 12,500 trained volunteers.
The mass workforce behind the Games indicates notable impact to the city and its potential to maximise long-term economic benefits, create new international trade agreements, and support local businesses bidding for supply chain opportunities to add to the growing number of global relocating businesses to the city.
Birmingham’s Microculturalism to Boost More Creative Jobs
Celebrations surrounding the Games will begin in March 2022, providing an initial boost for the local economy. Kickstarting the Games, an opening festival will commemorate Birmingham’s multiculturalism and unite the city through artwork, performances, and events.
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In doing so, local businesses will have the opportunity to compensate for COVID-19 business losses, ahead of the estimated £300 million revenue generated from Games’ contracts. Riding the economic momentum kickstarted by the event, the city will thrive for years to come.
The employment opportunities will provide the community with invaluable work experience and skills. At the same time, the additional business for local companies will generate more revenue and inevitably deliver more jobs to the economy.
After the challenges of COVID-19, this boost to Birmingham’s tourism and employment is paramount, making Snow Hill Wharf Birmingham Property Investment even more attractive.
Snow Hill Wharf Birmingham Property Investment: Regeneration and More Employment Opportunities
With the Commonwealth Games’ reach and the anticipated surge in tourism and more employment opportunities, Birmingham city centre will be well and truly in the spotlight.
To maximise this exposure, additional projects are set to revitalise the city centre, conduct repairs, increase security, and extend pedestrian access, making the area more conducive for working residents.
When combined with the ongoing HS2 development, these improvements and additions to Birmingham’s built environment will drive further investment into the city. The city itself will improve with amenities and cultural realms. At the same time, businesses will become more likely to follow the lead of HSBC, HMRC, and PwC and headquarter their companies in Birmingham, subsequently boosting employment opportunities.
New jobs and More Transport Links Infrastructure
Around 4,526 new jobs will be created in the West Midlands in the build-up to the Commonwealth Games, and 950 new jobs annually will be created in the following years due to the extra development in the area.
The local train station will get a significant upgrade ahead of 2022. The roads, public spaces, and bus routes will also see added investment, which will boost the whole area- most especially in the vicinity of Snow Hill Wharf Birmingham Property Investment, which sits right at the city centre.
The properties in Perry Bar will be transformed into social and affordable housing, which will benefit the area and aid the government’s housebuilding targets.
Snow Hill Wharf Birmingham Property Investment Future Plans
When the Commonwealth Games arrives in Birmingham and these regeneration schemes are complete, the opportunities within the second city will be showcased to the world. Combined with the trade deals during the event, Birmingham’s expanding network will encourage further inward investment from regionally and internationally.
Snow Hill Wharf Birmingham Property Investment
Birmingham has built a reputation as a top investment city thanks to its educational facilities, ongoing regeneration, fantastic business and employment prospects, and more.
Now, you can invest in one of the city’s most exciting new developments – Snow Hill Wharf, guaranteed to have an excellent investment return, achieving high rental yields and market value appreciation.
Led by leading developer St Joseph, Snow Hill Wharf is a new residential development of a collection of luxury properties – The Colmore, The Regent, The Fazeley, The Lancaster, and The Barker.
Snow Hill Wharf Birmingham Property Investment is a hotspot to look out for today with its ongoing regenerations and superb accessibility, transport links, as well as education and job opportunities.
Snow Hill Wharf is an exclusive development of luxury one, two & three bedroom apartments set in the iconic Gun Quarter and less than a 5-minute walk to Snow Hill.
Think of Snow Hill Wharf as a luxury village in the heart of Birmingham, providing the perfect base for residents who want to enjoy a combination of busy city life and serene waterside living.
Located in the iconic ‘Gun Quarter’ and less than a 5-minute walk to Snow Hill Station, this city’s central area is all set to benefit from the arrival of HS2 in Birmingham.
Read more about our Snow Hill Wharf Birmingham Property Investment Hotspot series below, or if you’re interested in running through our local Snow Hill Wharf new build developments, chat with the team on 02079236100 or book a time.