The firm’s Birmingham: Delivering Transformation report says there are 21,200 residential units in planning or under construction in the city centre, of which 1,800 are build-to-rent.

While Savills says house price growth will be subdued in Birmingham for the rest of this year, it says that the five-year compound growth of 14.8% will be in line with the UK average of 14.2%, and will outperform London and the South East (7.1% and 11.5% respectively).