Birmingham and the West Midlands is now placed to fight for investors as a world competitive region, it has been claimed.
And Steve Williams, president of the chartered surveyors body RICS, said the knock-on effect of the incoming cash and the location of businesses locally would create jobs - and in turn a demand for homes.
Mr Williams, who is based in America, spoke out on a whistlestop tour of Birmingham and the West Midlands.
He predicted that the national housing market was likely to see a further five years of increasing values.
Mr Williams told The Birmingham Post that RICS members helped form "the glue of the urban environment".
And he said: "In my year in office so far I have visited 50 or 60 cities and I see Birmingham and the West Midlands as a competitive world region - although I'm not saying a London, a Beijing or a Dubai.
"But what I am saying is that you are now competitive not only with the Nottinghams the Leeds and the Belfasts but also with the central European emerging market."
He said the city and region was well placed to attract out-side investors and therefore to create jobs through the arrival of big corporate operations.
Mr Williams said: "People will be looking to come to Birmingham - to business parks and such like - as their number one headquarters in the business world.
"Therefore service industry and ancillary service industry comes along, creating demand for houses, which is driven by job creation."
He said the use of iconic buildings in residential development, such as the Rotunda and The Mailbox had also created a buzz about living in Birmingham and helped to change perceptions of the city as a whole.
Mr Williams said many factors would impact on the housing market and one of those could be the Govern-ment's home information pack initiative.
The packs, due to be introduced next June, look set to contain information including a home condition report based on a professional survey, evidence of ownership and local authority searches.
However lobby groups against the scheme say the packs could cost something like £700 to £1,000 to compile - a cost which they say will deter potential sellers from going to the market.
The RICS was working with the Government to try to ensure the plan was "digestible to the market".
He said: "However, it could be that the market disfavours packs and all the implications. If it does delay transactions, I think the market may speak."
The Royal Institute of Chartered Surveyors, under the terms of its charter had to act in the public interest and he stressed it was not trying to drive the market.
On first time buying, Mr Williams said the key was to aim to get on the housing ladder early and a good education, leading to a good job and self-motivation were important.
The RICS' president was speaking in Birmingham before meeting members, addressing representatives from the sector and speaking to students at Wolverhampton University.