Northfield Property News
Wed 21 Aug 2019
The Latest Property Trends in Northfield
The latest property market news shows that, despite a prolonged Brexit conclusion, the West Midlands remains resilient to other regional trends. With average sale prices of £230k and the shortest time taken to sell properties, it’s no wonder that our local sales offices are seeing continuing success.
Our Northfield sales office has a particularly good housing portfolio of Victorian terraced properties. This bodes well, as the low and mid sector of the housing sector is one that is remaining strong.
In the past year, Northfield saw a huge increase of 10% in house prices on the previous year. In 2016, the average property price was £157,714 whereas now, the average price for a home in Northfield is £193,165. Northfield remains competitively priced to nearby Bournville, but shares similar levels of property prices to Kings Norton.
We’re confident that, as people continue to make the most of a market that doesn’t seem to be decreasing in growth, we will continue to see these trends continue throughout 2019, irrespective of the October Brexit outcome.