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

Posted on: Friday, November 26, 2021


Sales remain brisk as demand continues

The market is busier than in any year since 2007. In the first nine months of 2021, HMRC estimate that more than 1.2 million homes changed hands, 47% higher than the long-term UK average (2010–2019) and just 50,000 fewer than the same period in 2007. On average, there is now only 2.2 months’ worth of stock available in the UK, compared to four months’ stock in 2019 (TwentyCi). Stratford-on-Avon and Rugby are the most active housing markets in the West Midlands and Mid Wales. The average annual rate of housing stock turnover in the area as a whole is 3.9%.

 

West Midlands Winter regional property market report 2021

 

On the up 

The average price of a property has increased significantly during the past year, many localities experiencing double-digit annual price growth. Agents anticipate price growth will moderate over the coming months to more sustainable levels, with predicted growth of 3% in the West Midlands and 3.5% in Wales during 2022 (Zoopla). According to Dataloft, the annual increase in the average property price in West Midlands is £22,700, with the average property price in Wales increasing by £21,600.

 

West Midlands Winter regional property market report statistics 2021

 

Keeping warm 

COP26 focused attention on the environment and energy efficiency. An Energy Performance Certificate (EPC) is needed whenever a property is built, sold, or rented. While 90% of new build properties achieve the highest A or B rating, just 1 in 14 resale properties currently reach that grade, although 60% could with improvements. Upgrading could prove lucrative; resale properties rated A/B currently attract a 13% price premium (based on £psf), compared to those properties with the average D rating1.

 

VIEW THE FULL WEST MIDLANDS AND MID WALES REGIONAL REPORT

 

 

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

Wolverhampton, West Midlands, 3 bedrooms

3 Bedroom House for sale in Wolverhampton

Presented to an exceptional standard on a substantial plot, this detached home is located on one of Tettenhall's most sought-after roads and is presented to the market with the potential for further extension to provide a separate single-storey home office or a gymnasium. The already extended accommodation is immaculately presented and includes a  lounge, a sitting room, a dining-kitchen, dining room, three bedrooms with an en suite to the master and a family bathroom.

 

Henley-in-Arden, Warwickshire, 4 bedrooms

terraced 4 Bedroom House for sale in Henley-In-Arden

This stylish three-storey home is situated in The Croft, just off the historic High Street, and within walking distance of the excellent amenities available in Henley-in-Arden including independent shops, cafes and restaurants in addition to schools for all ages and rail services to both Stratford upon Avon and Birmingham City Centre, making this an ideal base from which to commute. The property has been completely re-modelled and extended with no expense spared to create a fabulous and very comfortable living space which is evident throughout the accommodation.

 

Boughrood, Powys, 6 bedrooms

6 Bedroom Detached House for sale in Brecon

Packed with character and charm, this family home comes with its own separate, two-bedroom cottage, called The Old Smithy, which is ideal for a family member wanting to live separately, a holiday let or a private let. Outside the garden enjoys views across the rolling countryside and the village church.

 

Contact us

As property prices continue to rise and the UK hits a record number of sales for autumn, sell your property with experts in the property industry this winter. 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!

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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.

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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.

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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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How Much is Your Property Worth?

How Much is Your Property Worth?

A senior member of our sales team will visit your property to discuss current market trends and how your home; based on size, condition and location should be pitched to achieve the best possible price and buyer. Coupled with an excellent understanding of the local market we do a detailed analysis of what else has sold and what is coming onto the market so we can give you the best chance to capitalise on your biggest asset.

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