West Midlands property market continues to outperform the rest
Across the country, asking prices inched up by a modest 0.8% in May according to data from property sale portal Rightmove, representing a 1.1% rise over the past 12 months.
However, the top markets in the index by far outperformed the UK average, with the West and East Midlands all seeing strong gains both annually and monthly as demand in these areas remain high.
The West Midlands saw the highest month-on-month asking price rises across the country with an increase of 2.6% to £225,469, while prices were up by 4.3% compared to May 2017. Meanwhile, the East Midlands achieved the top annual property price growth of 4.8%, with a 0.9% monthly uptick bringing prices to an average of £233,266.
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