The Birmingham Market Research Report has revealed the city’s population grew by 6.9% over the past decade, with 72,000 new residents.

This exceeds that of the wider West Midlands region, and an influx of a further 46,408 people is projected by 2032.

Additionally, GAA Living estimates a compound annual growth rate (CAGR) of up to 23% for the city’s wealth over the next decade. A youthful population, with over 440,000 residents aged 25 to 44, has been pointed to as driving rental needs in the city.

A supportive picture is being created for BTR schemes in Birmingham given its current housing shortage.

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Birmingham faces a widening housing gap as the report shows household numbers are projected to grow by 11,589 between 2023 and 2028, requiring around 2,318 new homes each year simply to meet formation demand.

Migration flows underscore the challenge: in 2023 alone, more than half of the city’s in-movers were aged 20–34, cementing young adults as the dominant driver of housing need.

“A growing population and substantial income gains look set to make BTR options increasingly affordable in Birmingham over the next decade,” said Ronak Rawal, senior director at GAA.

“The city holds enduring appeal to young professionals and this widening pool of mid-market tenants supports sustained BTR demand, signalling a notable opportunity for investors.”