The latest monthly index published by Rightmove in March 2017 has named The Midlands as the UK region that's enjoying the highest property values growth rate.
Rightmove identified the average nationwide asking price for newly-listed homes has increased by 1.3% in March. The Midlands saw an average growth rate of 2.1% across the region. This property values growth rate even outstripped London and the South East, where newly-listed property listing prices rose by 1.4% and 2% respectively.
The Midlands is viewed as the most optimistic area of the UK in terms of property values and home sales. Listing prices are rising quicker monthly and annually than anywhere else in the UK.
Springbok Properties can sell your home fast for up to 99% market value. We have sold more than 5,500 homes throughout the UK, including The Midlands, and promise to provide a service focused on the individual needs of our customers. To find out how we can help you, or be one of the 1900 customers we provide property values to each month, call: 0800 068 4015 TODAY.
The average asking price for homes in the West Midlands is £212,798. The average asking price for homes in the East Midlands is £200,620. This puts the region below the nation average property values, and considerably below south east and the east of the UK where the average property asking prices are £339,721 and £413,059 respectively.
Buyers in The Midlands know that they are likely to achieve better property values, compared to other regions of the UK. This has spurred first-time buyers to get on the property ladder and second-steppers to move up by purchasing their next home sooner than buyers in other areas of the UK.
Homeowners also know that in a buoyant regional property market they have a greater chance of selling their home, which further complements regional property values as competition for property is higher - thereby increasing sold prices.
Springbok Properties has agreed more than 2400 sales in the last 12 months alone. We know how to sell homes across the UK fast. We offer a no sale, no fee service and there are zero upfront costs whatsoever. Call us TODAY on: 0800 068 4015 and speak to one of our award-winning customer service team to list your home.
A typical property costs 7.6 times the average salary in England and Wales. The figure, calculated by the Office of National Statistics, makes buying a home less affordable than any other time in the last 20 years.
The increased affordability of property values in The Midlands provides some relief for the national property market. 2017 has been forecasted to experience a downturn in property values rate of increase, and with The Midlands having more realistic property values, the region could very well prove to be a benchmark for kick-starting a market that has buckled under the weight of inflated listing prices for the last few years.
Although property values are rising faster on a monthly and annual basis than any other region in the UK, the fact that sold prices are still below the national average means that homeowners can appeal to a greater number of buyers than other regions in the UK.
Springbok Properties acumen and experience means that we sell more 230 homes from across The Midlands, and the UK, every single month. If you need to sell your home quickly, we can help you. Call us TODAY on: 0800 068 4015 to find out more.
The Midlands is a highly-desirable region of the UK. In ln September 2016, Zoopla wrote an article on the West Midlands which addressed why the region is a desirable place to live in the UK.
With metropolitan boroughs, packed with sport and culture, not to mention having easy access to some of the most scenic and picturesque beauty spots in the UK, including Wales to the west and The Midlands to the south, the West Midlands property values begin to look more and more attractive to homeowners.
Property values and affordability are also further boosted by the quick and easy access to the cities of Birmingham and Coventry, depending on where you live, of course. Birmingham is renowned for its shopping - offering a plethora of markets and shopping centres, such as the Birmingham Bullring. Art-lovers have the Birmingham Museum and Art Gallery, which holds the largest collection of pre-Raphaelite artwork in the world, social history galleries, and sculpture and ceramic pieces.
Such regional desirability has certainly assisted the growth of property values in the region, yet pleasingly the growth of these property values growth rates has kept the region affordable to many homeowners.
To find out more about local regional property values in The Midlands and anywhere in the UK, or if you need to sell your home in as little as 7 days, call Springbok Properties TODAY on: 0800 068 4015.