08 09

SUPPLY

SUPPLY -

DEMAND -

Source: Knight Frank Savills, Birmingham Strategic Housing market Assessment, JLL, ONS

DEMAND

Sources: SHMA, Savills, Deloitte Crane Survey

The city s housing delivery data indicates a supply/demand imbalance partly because the wave of demand from investors, renters and owner-occupiers is relatively new and there is a scarcity of available sites in the city centre which can be developed. Birmingham is still not building at pre- global financial crisis levels, showing a lot of room to catch up.

Demand will be supported by a growing number of businesses and firms moving to Birmingham for more affordable office space and quality of life for its workers. There is a healthy appetite for first-time buyers in Birmingham, however the lack of completions in previous years has created fierce competition for each available property.

Population rising by 171,000 to 1.3 million by 2039

-

4,057 additional dwellings required every year until 2026 in order to meet demand

Under construction 2008-2017 annual average

RESIDENTIAL DEVELOPMENT PIPELINE 2009 TO 2019 -

This translates into nearly 100,000 additional households being created over the next two decades

0.6% employment growth per annum is forecast between 2018-2022 - stronger than the regional and national average

Completed

No. of units