REGIONAL INSIGHT
Peter Edwards
Head of Midlands Sales
With the long overdue acceleration of more flexible working practices and large businesses relocating out of London, the Midlands has benefited from an injection of buyers able to enjoy more rural, scenic areas of England. Buyers relocate from all over the UK to this rich and diverse region. Underpinned by England’s second largest city, Birmingham, it’s supported by satellite towns and cities with glorious countryside, history and tradition. The market has been positive across the price spectrum with real growth and a return to competitive bidding. We’re expecting buyer registrations to remain well above the five-year average moving into Spring 2023. The reality of most homes having decent broadband connectivity allows for a more fluid workplace and devolved workforce.
“The Midlands is a large and varied landscape that takes in the very best of Britain”
Highest value sale in 12 months to October 2022
£15m
SQUARE FOOT
Average size of a property sold in 12 months to October 2022 (£2m+)
13
Michelin-starred restaurants
Change in average sale price in 12 months to October 2022 vs five-year average
Outstanding schools and nurseries
308
Average sale price, 12 months to October 2022 (£2m+)
Where do buyers come from? £2m+ exchanges year to October 2022
London
South East
East Midlands
East of England
International
Scotland
12 months to October 2022 vs five-year average (£2m+)