House prices in Birmingham rising twice as fast as UK average

House prices in Birmingham are rising twice as fast as the national average – while London is seeing a slump.

The average property price in our city stood at £187,708 in October, according to data released by HM Land Registry today.

That is up 5.6 per cent compared to £177,700 in October 2017 – an increase of £10,008.

England as a whole has seen prices increase from £242,003 to £247,914.

That is a rise of £5,911, or 2.4 per cent.

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