Regional Property Market Update Summer 2021: West Midlands and Mid Wales

2021 is set to be one of the busiest sales years in over a decade
Agents report the sales to stock ratios in the West Midlands and Wales are at a record high (RICS). Across the West Midlands and Mid Wales, the annual rate of housing stock turnover is 3.3%. The most active markets are currently Rugby and Wychavon.

Price growth strengthens
Although new instructions to the market have improved slightly in recent weeks, demand continues to outpace supply, placing sustained pressure on prices. Month-on-month average property prices are rising in all regions of the UK.
Year-on-year price growth across the West Midlands and Wales is substantially stronger than the 2.3% and 4.5% respectively recorded this time a year ago (UKHPI). Double-digit annual price growth is evident in 15 local areas across the West Midlands and Mid Wales.

A seller’s market
Market activity is fast-paced. According to Rightmove, the average time taken to sell a property in the West Midlands is 43 days, 49 days in Wales. The proportion of properties selling within their first week of listing is at a record high (Zoopla) and the average time taken to sell a property in the UK is nearly three weeks quicker than in April 2019 (Rightmove). Lifestyle change continues to drive demand, buyers also aided by the extension of elements of tax relief and the new 95% government-backed mortgage guarantee scheme, available on either new or resale properties.

Properties for sale in the West Midlands and Mid Wales
Llanidloes, Powys, 5 bedrooms

A smallholding located in the heart of Mid Wales, Pentwyn is a renovated and extended farmhouse/barn comprising three reception rooms, a kitchen/breakfast room, study/bedroom, two bathrooms and a shower room. The property offers extensive lawns and a total of 18.48 acres of land, with a further 18.55 acres available by separate negotiation.
Harborne, Birmingham,6 bedrooms

An imposing Victorian residence, set over three charming floors with six excellent bedrooms, two bathrooms and three reception rooms. Located within ample walking distance from Harborne High Street, this property is situated perfectly for local amenities and schooling for children of all ages.
Tanworth-in-Arden, Warwickshire, 4 bedrooms

This beautiful, detached home is set in approximately 1.5 in the highly sought-after village of Tanworth-in-Arden within easy reach of Stratford-upon-Avon and Birmingham City Centre. The property benefits from paddock land and offers excellent family accommodation including four bedrooms, two bathrooms and three reception rooms.

Contact us
Take advantage of the seller’s market this summer with the best agent in your area. Contact your local Guild Member today.

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Jodie Skinner

From the beginning, our experience with Michael and Rhys has been brilliant. Whenever we had a question to ask or needed some additional information, they were both just a phone call away and were always happy to provide us with an answer. As first time buyers, they made us feel ...

Sue Smith

We can’t fault Aston and co in Syston, for their handling of the sale of our property. We were kept up to date weekly and nothing was too much trouble. Both Micheal and Rhys were approachable and very professional. I would definitely recommend using them for an efficient and hassle ...

Andy

Having had issues with other agents, we came to Astons who gave us an honest appraisal of our house – not overpricing it like others to gain business. Michael and Rhys are a great partnership and Rhys being local was able to provide viewers with information that other agents hadn’t. ...

Andy Freer

Recently sold our house with Aston & Co. We honestly could not have asked for more. From the moment Michael came to value the house, to the day to day communication from Rhys we have not had to chase them once. Michael and Rhys are a great partnership and a ...

V Pears

We chose Aston & Co in Syston to handle the sale of our property. We were kept up to date regularly and Michael and Rhys dealt with all matters efficiently and quickly.We would definitely recommend using them for an efficient and hassle-free move.

Gareth Mueller

We bought a house from a vendor who used Astons & Co as their agent. Rhys was helpful and professional from start to finish and regularly kept us in the loop with how things were progressing. Communication was efficient and swift all the way through.

Julie Pearson

From the first visit to value our property to the final phone call informing us of completion Rhys and Michael at the Syston office have been brilliant, down to earth, realistic with valuation very easy to get in touch with.Making everything less stressful.Regular updates were very reassuring . I would ...

Charlotte Hings

The team at Astons are great. They’re really down to earth, take time to listen and help resolve anything they can for you.Their communication is excellent as they always keep you in the loop with what is happening with your sale. They keep both seller and purchaser happy.Fees are reasonable ...

Julie Perkins

We have recently used Aston & Co to sell our property. At all times we received regular reports from them on interest and following viewings . When our property sold Astons managed the chain keeping all parties fully informed and I believe that without their input our sale would have ...

Tina Poole

Michael and Rhys handled both our sale and purchases. They had good local knowledge, their valuation turned out to be on point. Our sale viewings were nearly all on the same day and we accepted an offer very quickly. We were kept up to date regularly with that and our ...

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