Today, we look at the West Midlands region in our series of property spotlights touching on the average house prices, number of sales and the size of the market around the country.
The figures use Land Registry House Price Index data which gives an indication of the region’s housing markets. There is not a single measure which provides a complete picture the UK market, but below are 20 areas with statistics on the total value of all property transactions in the past year.
- The district with the largest market is Birmingham which saw £2.1bn worth of transactions in the year to January 2017.
- This was followed by Shropshire with £923m worth of sales over the same period.
- The district with the highest overall average house price was Stratford-upn-Avon where prices sit at £305,900, which is 40% above the national average.
- The market with the highest number of transactions was Birmingham with 12,477 sales occurring during the period.
Where have house prices increased the most?
Here are five districts with the highest annual capital growth.