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Regional Property Market Update Autumn 2021: West Midlands and Mid Wales

Posted on: Tuesday, September 7, 2021


Price growth strong across all regions

Annual property price growth in the West Midlands and Wales is significantly stronger than a year ago, as the shortage of property to buy continues to support prices. Agents across the West Midlands and Wales report the current sales to stock ratio is at a record high (RICS), with properties selling in just 34 days and 35 days respectively (Rightmove). 

Double-digit property price growth is evident in 24 areas of West Midlands and Mid Wales. Pembrokeshire and Shropshire are currently the strongest performing areas.

 

West Midland and Mid Wales Autumn regional property market report

 

Surge in sales 

It is estimated 880,000 property sales took place across the UK in the first six months of 2021, the highest half year total ever recorded and 50% higher than the same period in 2019 (HMRC). It is anticipated sales will top 1.5 million over the course of the year. Buyers have been spurred on by a desire for change and financial savings as a result of taxation ‘holidays’, with over 60% paying no tax on their purchase. 

In the West Midlands and Mid Wales, the most active housing markets over the past year have been in Stratford-on-Avon and Rugby.

 

West Midlands and Mid Wales Autumn regional property market report house price statistics UK

 

Space to be

The search for space continues to drive many buying decisions. As businesses adopt more flexible ways of working, blended working patterns are set to become the norm for many, and personal wellbeing has shot up the agenda. The local environment, gardens, greater internal square footage and a demarcated space to work from home, all continue to be deemed more important property features in a new home.

 

VIEW THE FULL WEST MIDLANDS AND MID WALES REGIONAL REPORT

 

Properties for sale in the  West Midlands and Mid Wales regions of the UK

Tettenhall, West Midlands, 5 bedrooms

modernised large family home in Tettenhall village west midlands

Occupying a choice position on an established road, this executive detached residence offers a high standard of contemporary and modern living throughout. This stunning and individually designed family home includes an entrance hall, a lounge, a dining room, a kitchen, a utility, a downstairs WC, five bedrooms, two en-suites, one house bathroom, a generous rear garden and a driveway to the fore, which allows ample parking for several vehicles.

 

Montgomery, Wales, 4 bedrooms

Former Schoolhouse & Chapel in Montgomery Powys Wales for sale

Originally the local school and chapel, this unique property was converted by a well-known local builder into an outstanding individual house. Set in mature grounds with fantastic views over the Severn Valley and towards the Shropshire Hills, this four-bedroom former schoolhouse and chapel benefits from an additional two-bedroom annexe, an open-plan living and dining kitchen, a utility, and a double garage, as well as parking for several vehicles.

 

Draycote, Warwickshire, 3 bedrooms

country home in Draycote near Rugby Warwickshire

Caritas cottage is a traditional English cottage full of charming characteristics such as exposed beams, wood burning stoves, a pantry and beautiful cottage gardens. The home offers these features along with the modern conveniences of an energy efficient air source heat pump, double glazing, a utility room, a conservatory and bespoke hand-crafted kitchen units with granite worktops in the kitchen.

 

Contact us

Make the most of double-digit property price growth with the best estate agent in your area. Contact your local Guild Member today.

 

GET AN ONLINE VALUATION

 

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I would highly recommend Hardings Estate Agents. They have excellent knowledge of Windsor and the surrounding areas, and are extremely professional, responsive and courteous. I would not hesitate to using them again the future. I recently dealt with Milica who was instrumental in securing us our new home in Windsor as well as the sale of our existing property. She was a fab negotiator and a real pleasure to work with from beginning to end. Thank you!

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Hardings of Windsor managed our purchase with complete professionalism and went over and above in my opinion to manage the transaction and chain, resulting in a really smooth purchase. Milica at Hardings constantly provided timely updates and managed respective solicitors and the chain effectively, always responding quickly to queries. The whole transaction would not have happened without Milicas' focus on making all parties comfortable and satisfying all queries, not only professional but a delightful and welcoming personal approach that was a constant throughout. Thanks Hardings! Thanks Milica!

Stuart Blatch

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I would recommend using Hardings estate agents when buying or selling your property. Dominic (Scully) was always available, helpful and genuinely interested in my purchase and always calm and compassionate. If I ever move again my first choice will be Hardings.

Cath Powell

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Dom and the team at Hardings were so helpful and efficient when I purchased my flat - friendly and professional service and kept us up-to-date the whole way through the process. It was my first time buying and so was very nervous but they helped me feel at ease.

Freppell

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We bought and sold through Hardings and can't recommend their professional service enough. The whole Team are really lovely, we were kept informed throughout the process and never had to chase anything.

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I used Hardings when I bought my property as well as when I sold it and the service has been fantastic both times. I very much recommend Hardings!

Therese Jouini

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We recently purchased our new home with Hardings Estate Agents. The whole team there were very helpful and flexible with us, arranging viewings quickly on the same day. They were always quick to respond and if ever our point of contact was not there, the service did not change as they work well together as a team. We received a personalised service, which allowed the sale to proceed quickly. Thank you all and we recommend Hardings Estate Agents without hesitation.

Mike B

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What a pleasure it was to deal with Milica from Hardings. She sourced the perfect property for me and my family (while we were still abroad) and worked endlessly to put the deal together. I would give more than 5 stars if at all possible!

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Thank you, Dominic and Louisa - having not moved for over 30 years you helped me all the way, step by step. You were always polite, communicative, reassuring and very supportive. Would recommend Hardings wholeheartedly.

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