At a time of great change and uncertainty, it is heartening to know that the heart of England appears to be enjoying a boom.
The region is outstripping pretty-much all areas of the country when it comes to house price growth, with some properties in the region rising at more than double the national average rate, according to a recent index.
West Midland’s prices have risen by 6.9 per cent, more than double the 3.1 per cent increase in asking prices across England and Wales as a whole.
It is a finding that is of little surprise to us at Keelys, as we help many people with the conveyancing aspect of their property moves.
Well-known property website Rightmove said high demand appeared to be driving the momentum and that is no surprise.
Currently, the traditional late summer trend has seen the average August/September price tag on a home in England and Wales fall by 0.9 per cent to £313,663.
A Rightmove spokesman said: “High demand and limited supply are still driving momentum, especially in the counties in the middle of the country.”
It seems to us at Keelys that the West Midlands and central England, in general is meeting the needs of home hunters at relatively affordable prices.
Long may the region’s housing market continue to prosper, and if you are in a position where you are looking to move, please call on us at Keelys – we have an experienced conveyancing team who will do their utmost to ensure the buying and selling process goes through as smoothly as is possible