North of England and West Midlands house prices set to keep growing


House prices in the north-west of England are set for a long period of strong growth according to a new report from Savills.

It is predicted that values in the region will go up by 21.6% over the next five years, the highest figure for the UK. In London, by contrast, they are estimated to rise only by 4.5% in the same period. The West Midlands is also tipped to perform well, with a growth rate of 19.3% in the Residential Property Forecast.

Overall, prices are expected to rise nationally by 14.8% between 2019 and 2023, taking the average value of a property to just over £248,000.

The report identifies Britain’s departure from the EU next March as a key factor in the current conditions. “Brexit angst is a major factor for market sentiment right now, particularly in London,” says Lucian Cook, Savills head of residential research.

“But, it’s the legacy of the global financial crisis – mortgage regulation in particular – combined with gradually rising interest rates that will really shape the market over the longer term. That legacy will limit house price growth, but it should also protect the market from a correction.”

The report does sound a note of warning over the uncertainty of what kind of Brexit deal the UK will have, and its impact on the property market. “The sooner a deal is struck, the more certainty it will bring to the market. The more prolonged this period of uncertainty, the greater the chance that current market malaise will spread beyond London and the South East.”

Savills’ findings tally with several positive recent assessments of the market in the north-west and Birmingham.

  • Liverpool topped Hometrack’s UK Cities House Price Index for the year to September with a figure of 6.9%.
  • Manchester is outperforming many European cities and is attracting a lot of interest from Chinese investors.
  • Birmingham is set to be boosted by major infrastructure projects like HS2 and the 2022 Commonwealth Games.

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800


Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator


Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.


Not a member? Sign up for free

North-west cost of living

North of England and West Midlands house prices set to keep growing


By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.