Why Has the Region Achieved the Highest Property Values Growth Rate?
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.
Regional Desirability and Property Values
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.