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April 2019 UK & West Midlands Property Market News

April 2019 UK & West Midlands Property Market News

The UK property market in April 2019 has shown a slowdown in annual growth, but make no mistake – prices are still rising, which is great news for every local estate agent. The average property price across the UK increased 1.4% in the year to April 2019, compared to a rise of 1.6% in March.

Across the UK, house prices remained highest in England (despite house prices actually dropping by 1.2% in London, although London remains the location with the average highest house prices) with Wales showing the greatest increase in prices. In the year to April 2019, Welsh house prices have increased by 6.7%.

GS Property Estates is happy to report that as an estate agent and letting agent in Birmingham, the West Midlands has seen an increase of 2.2% over the same period, which is a higher percentage than the entirety of the South and the North East of England.

Now is the time to choose an estate agent in Smethwick to help you gain the most benefit from your property as prices in this area show no sign of slowing down. If you’ve been looking for a local estate agent near me to help you build your property portfolio, sell your home, or simply to test the waters in the housing market, you can be certain that GS Property Estates will be able to help.

Most areas of the UK have now surpassed the property prices that existed prior to the 2009 economic downturn, and all areas across the UK (excluding London) continue to grow in a steady manner.

Data source for all statistics: Office of National Statistics

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Gurdeep Singh

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