Compare Listings

May 2019 UK & West Midlands Property Market News

May 2019 UK & West Midlands Property Market News

The slowdown in house price growth across the UK continued in May 2019, affecting many local estate agents, as growth slipped to 1.2% on average. This is skewed slightly by the situation in London and the North East – the average house price in the North East has dropped 0.7% over the last year, while prices in London have dropped 4.4%.

Even with this drop, London remains the most expensive area with average property prices at £457,000 compared to £197,000 in the West Midlands.

However, for an estate agent in West Bromwich such as GS Property Estates, there is good news. The West Midlands has experienced the second highest growth in prices in the UK, second only to the North West, with an increase of 2.7%.

This exceeds the growth in the UK as a whole, and in all individual areas of the UK with the exclusion of Wales which experienced growth of 3.0% in the year to May 2019, down from 5.3% in April.

GS Property Estates is an estate agent and letting agent in Birmingham with branches in Smethwick, West Bromwich, and Oldbury. This gives us a great opportunity to gain an overview of the property market across the area which allows us to advise our clients on the best investment opportunities, along with providing a great service to all our clients.

The West Midlands remains a strong area for property investment, and if you need a local estate agent near me in Birmingham, we’d be happy to work with you.

Data source for all statistics: Office of National Statistics

nghamLetting Agents West BromwichLetting Agents SmethwickLetting Agent In Oldbury


Gurdeep Singh

    Related posts

    October 2019 UK & West Midlands Property Market News

    The average house prices in the UK continued to increase in October 2019, but the effects of the...

    Continue reading
    by Gurdeep Singh

    November 2019 UK & West Midlands Property Market News

    Christmas came early in November as house prices increased by 2.2% over the year, up from an...

    Continue reading
    by Gurdeep Singh

    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...

    Continue reading
    by Gurdeep Singh

    Join The Discussion

    1 × 2 =