Hundreds of houses for sale are listed every day in the West Midlands UK region.
Therefore, someone looking to buy a house in this region should be able to evaluate the price he/she is willing to pay for real estate assets and assess if the current, and future, price of a real estate asset is fair or overpriced.
The West Midlands is an area of the UK that tends to have some of the lowest house prices in the Uk but certainly not the lowest. This would put the West midland somewhere near the average in terms of rent prices and the price to buy a home too.
This means if you are a landlord you can benefit from being able to invest in large cities but also more rural areas if you choose to. This is because the West Midlands houses the third biggest city in the UK which is Birmingham and also other well known cities that have a high rental and buying demand such as Coventry and Wolverhampton.
On top of this, it is worth noting that the West Midlands is home to some notable universities too such as Coventry University and the University of Birmingham. It is well known that a large student population will help to drive up rental demand as there becomes a large number of people looking to stay in the area in the short term.
This is reflected in the higher rental yield for the area which is 3.7%. This is fairly high given house prices on acreage are also relatively high so these higher prices will tend to drive down the figure for yield
With average asking prices for houses in the area being £318,691, you will expect to pay an average price for houses as this is just below the asking price that is average for the whole of the UK.
|An insight into property in West Midlands
|Average house price
|Average household income
Houses for sale in different areas of the West Midlands
In the next paragraph, you will find an exhaustive list of the cities in the West Midlands with key data and analysis of the houses for sale in the cities of the West Midlands UK region.