In addition to our valuation tool, you should also consider looking at what prices similar houses are on the market for in your area.
Redditch is a town and local government district in north-east Worcestershire, England, approximately 15 miles (24 km) south of Birmingham.
The world is talking about the housing market in Birmingham. Having seen a surge in the amount of people moving from London to the Second City rather than stay in their extortionate homes, it is safe to say that we are seeing the biggest “Boom Time” in 10 to 15 years. Watch our own property guru talk on this topic on BBC Midlands News here.
Soaring house prices in the UK mean that one in every 76 Britons is now a millionaire, up from one in 84 last year.
The tightrope of being a Birmingham buy-to-let landlord is a balancing act many do well at. Talking to several Birmingham landlords, they are very conscious of their tenants’ capacity and ability to pay the rent and their own need to raise rents on their rental properties (as Government figure shows ‘real pay’ has dropped 1% in the last six months). Evidence does however suggest many landlords feel more assured than they were in the spring about pursuing higher rents on their Birmingham buy-to-let properties.
The most recent set of data from the Land Registry has stated that property values in Birmingham and the surrounding area were 6.12% higher than 12 months ago and 16.72% higher than January 2015.
Despite the uncertainty over Brexit as Birmingham (and most of the UK’s) property values continue their medium and long-term upward trajectory. As economics is about supply and demand, the story behind the Birmingham property market can also be seen from those two sides of the story.
Birmingham has plenty going for it and no matter what you like or enjoy in life, you’ll find that there is plenty to see and do. While the area is home to many people and a place of work to even more individuals, Birmingham welcomes a considerable number of tourists. This means that there are many tourist areas to look out for, and these are some of the top tourist areas to visit in Birmingham.
With Birmingham being the second largest city in the United Kingdom after London, and with a population of 1,101,360; this is a city that is one of the busiest and most vibrant in the whole country. If you take a look at the metropolitan area figures for Birmingham, you’ll find that there is a population of 3.8 million which sees Birmingham listed in the Top 10 for most populated metropolitan areas in Europe.
With so many people already living in the area, and so many other people looking to move to the area, it is understandable that many people across the world have an interest in the Birmingham property market and any changes that have occurred over the last 12 months.
According to the Land Registry’s latest House Price Index for Birmingham and the surrounding locality, the value of apartments/flats are rising at a faster rate than terraced/town houses, semi-detached properties and even detached property.
Architects of Invention replicate one the seven wonders of the ancient world with this unique design for a residential development in Birmingham.