Market update: Birmingham

By Ciara Walker, Matt Viall and James Bradley 2019-10-28T13:48:00

Paradise Birmingham view from One Chamberlain Square_CMYK

Investment in regeneration, a young population and fast-growing employment opportunities have boosted Birmingham’s construction market

01 / Introduction

As Birmingham continues to enjoy the demographic dividend of a young population driving demand across construction sectors, its strong market fundamentals will deliver a better market performance than many other regions in terms of growth, most notably London. While the area is, like the rest of the UK, exposed to a no-deal Brexit, the city is well placed to fend off the worst of the anticipated slowdown in activity. Consequently, we expect 0.75% tender price inflation for mainstream contractors in 2019 – a tighter market than London’s flat performance. Major projects contractors, with more market power to drive margins, will continue to operate in a relatively busy market, and be able to push prices up by 2%.

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