The Midlands is the region of central England, commonly subdivided into the East and the West Midlands. The East Midlands includes the historic and geographic counties of Lincolnshire, Northamptonshire, Derbyshire, Nottinghamshire, Leicestershire, and Rutland. The West Midlands comprises Staffordshire, Warwickshire, Shropshire, Herefordshire, and Worcestershire.
Parts of the historic counties of Warwickshire, Worcestershire, and Staffordshire make up the metropolitan county of West Midlands. The West Midlands contains a heavy concentration of large industrial cities, including Birmingham, Coventry, Leicester, Dudley, Stoke-on-Trent, Walsall, and Wolverhampton. Parts of the region are rural, however, and agriculture remains economically important.
House prices in the West Midlands are set to rise by 4.5% by the end of 2021, 5.5% in 2022 and by almost 29% in the next decade according to Index West Midlands. The average cost of a home in the West Midlands is currently £191,696 and it is predicted to increase to £197,234 next year.
The average house price in the East Midlands is estimated to rise from £190,000 in 2018 to around £214,000 by 2022 according to PwC's projections.
There is still an opportunity for investors to buy properties below market value before the increase that is expected.
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Low priced and high returning properties available from only £120,000
Prices from £195,000
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