Homes in Wolverhampton increasing by £36 a day

House prices in the West Midlands are rising by more than £36 a day, according to latest research. The West Midlands is Britain’s top performing region, with the average value of homes increasing by £36.00 per day, or £6,695 in total, since the start of this year. Here are the top three performers.

1. West Midlands, £6,695, £36.00

2. South East England, £6,463, £35.00

3. North West England, £3,731, £20.00

The statistics have been gathered by Zoopla from current house price data. “Property is a phenomenal way to build long-term wealth but if you are looking at your first property then maybe think of it as your home a reasonable stable long – term investment. House prices can go down as well as up but if you play the long game and don’t panic if prices go down as well as up you should see stable growth over the long term”.

If you like a free consultation and a professional recommendation on the best mortgage for you call Paul on 01902 213201

Wolverhampton A Buyers Market

Just this week, data has revealed that in London, prices are now falling at their fastest rate since the financial crisis of 2008. However in the North-West, growth is at 3.4 per cent. How can buyers and sellers in the Wolverhampton area make sense of what is happening.

But with political uncertainty around the country’s next Prime Minister, a potential General Election and concerns around how Brexit will play out, buyers are mostly waiting and sitting on their hands but they may be in for a shock. What do I mean well at a micro level where I am based in Wolverhampton the market is still doing well, after Brexit with all the pent up demand prices could move upwards pretty fast.

All eyes are on the North-West and the Midlands. By region, the North-West recorded the highest annual house price growth at 3.4 per cent in the year to May 2019. Close behind is the West Midlands, where prices increased by 2.7 per cent, according to (ONS) data. The Midlands’ economy has been boosted by big firms such as HSBC opening offices and various new businesses opening up larger sites in the region. HS2, the high-speed railway which, it is planned, will connect London to towns in the Midlands and the North, is also helping to boost prices.

If you’d like a free consultation with an expert and a professional recommendation on the best mortgage for you, call Paul on 01902 213201

Wolverhampton A Black Country Property Hot Spot?

According to new analysis of the Land Registry data base there has been a property price rise of 35% in the value of Wolverhampton property in the WV14 area. This has occurred in one year from an average of £82,500 in 2017 to £111,250 in 2018. We don’t have a full break down of the data so it will include all the different property types of house’s and flats.

Whilst this is great news for the area in my opinion if you are looking to purchase your first home or to move up the property ladder asset growth should not really make any difference because you are looking for somewhere to live regardless. However the fact remains the longer you leave it to purchase your home in Wolverhampton the more you will pay for it.  Property investors and Buy To Let landlords will have a different perspective on the property market, but if they play the long game and keep their properties for a number of years they will have a secure asset.

If you’d like a free consultation with an local expert based in Wolverhampton and a professional recommendation on the best mortgage for you, call Paul on 01902 213201