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Sell My House Quickly found another interesting article about properties in Birmingham. Birmingham house prices expected to rise more than any UK city – report.

New research suggests city will outstrip London for the average increase of house values over the coming five years.

Expected To Rise

House prices in Birmingham are expected to rise more than any city in the UK over the next five years. It’s according to new research.

Property consultancy JLL said it was predicting that, over the next five years, the average value of a home in the city would rise by 4.9 per cent per year. This is with rental values rising by 2.8 per cent.

This would equate to a £500,000 home bought today, being valued at £635,000 or above come 2026.

The agency’s latest Residential Forecast 2022-2026 report cites the 2022 Commonwealth Games as a key driver behind the growth as it will thrust the city onto the world stage, driving its profile while simultaneously bringing thousands of high-earning jobs to the area.

The average predicted rate of growth over the next five years in other major UK cities

According to the report, it is 4.7 per cent in both Manchester and London, 4.6 per cent in Bristol, 4.2 per cent in Leeds and 3.9 per cent in Liverpool.

In Scotland, house prices are expected to grow by an average of 4.8 per cent. And 4.2 per cent in Edinburgh and Glasgow respectively.

We found this article about Sell My House Quickly found another interesting article about properties in Birmingham. Birmingham house prices expected to rise more than any UK city on Birmingham Live. Kindly click the link to read the full story.

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