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Today’s local stories in the property world:

Real Estate Investors buy property on Great Charles Street Birmingham Post

“The property investment firm headed up by Paul Bassi has continued a surge of deals for buildings in Birmingham’s business district by buying another on Great Charles Street. City-based Real Estate Investors has bought the 24,500 sq ft 35-37 Great Charles Street in a £1.85 million deal. The acquisition comes a matter of days after the Snow Hill Masterplan outlined plans to part-pedestrianise Great Charles Street.”

Apartment plans for vacant land behind O2 Academy

Birmingham Post

“More than 300 city centre apartments could be on the way to a run-down parcel of land behind the O2 Academy. Plans have been lodged to redevelop the vacant site into 304 one- and two-bedroom flats, in blocks of up to seven storeys, and 222 parking spaces on land at Florence Street, Windmill Street and Bow Street. This is the latest attempt to breathe new life into the area and comes almost a decade after planning permission was granted in June 2005 for a phased development.”

Housing supply at ‘record low’: Rightmove

Property Reporter

“Rightmove statistics show that the average available stock for sale per estate agency branch for the last two months (57 and 58 properties) has never been lower at the beginning of the year. Some agents have reported the lowest ever stock of quality property for sale, as lower owner-occupation, buy-to-let investors not selling, and owners’ reluctance to ‘sell before you find’ contribute to a 4% fall in new seller numbers compared to same period in 2014.”

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The stories above are from various media sources, they do not necessarily reflect the views of James Laurence Sales and Lettings.