September 2019 UK & West Midlands Property Market News
Local estate agents in Birmingham and other areas are pleased to note that the average UK house price increased by 1.3% during the previous 12 months. So maintaining the same level of growth as the previous month. This performance is in contrast to the specific poor performance of London (-0.4%) and the East of England (-0.2%).
Even though growth in London continues to be in negative figures, London is still the most expensive area for property investment with average prices at £474,601. This compared to £201,273 in the West Midlands.
The growth in the West Midlands was surpassed by the East Midlands in August 2019, but as the year progresses the turnaround is clear. Estate agents in Oldbury will be pleased to note that growth in the West Midlands sat at 1.6% in August. (higher than the national average), compared to 0.1% in the East Midlands. The North West experienced the highest rate of growth at 2.8%.
West Midlands Property Market
To take advantage of the local property market, you’ll need an agent who understands the needs and requirements of the local area. GS Property Estates is an estate agent and letting agent in Birmingham with branches in several locations. (including Smethwick and West Bromwich) which helps us to develop an overall picture of property trends in the West Midlands.
Property investment with a local estate agent near me in Birmingham is clearly a good choice. With affordable property that continues to perform above expectations. We’re certain that there’s no better place to invest than the West Midlands.
Data source for all statistics: Office of National Statistics