10 11
RENTAL MARKET
Sources: Land Registry, Savills Prime Market Forecasts, PwC, ONS Sources: LendInvest, Savills, Global property guide
SALES MARKET
RENTAL MARKET - With a large student population and growing workforce, Birmingham s rental demand is increasing. A lack of supply has forced aspiring home-owners to rent as well, promoting a high volume of rental activity.
SALES MARKET - Strong price growth has been recorded since the financial crisis yet Birmingham remains affordable with less than half the affordability ratio of London.
Birmingham: 7.2x London: 16.6x
House prices in Birmingham are forecast to rise 20.5% between 2018-2022, compared to 14.2% in West Midlands and 12.6% in the UK.
HOUSE PRICES RISE BETWEEN 2018-2022 -
AVERAGE ASKING RENTS -
Flat - 1 bed
Flat - 2 bed
RENTAL GROWTH -
HOUSE PRICE GROWTH -
AFFORDABILITY RATIO -
- Rental prices in Birmingham are forecast to rise 16.5% between 2018 2022
Birmingham United Kingdom
GBP