JLL Residential

West Midlands Residential Forecasts - February 2017

About the report

Greater residential development activity is expected in Birmingham over the next five years, as the appetite and appeal of city centre living continues its upward march. Sales prices and rents are forecast to increase well ahead of regional and national averages as this global trend takes shape locally. The pressure to deliver more housing throughout the West Midlands will also lead to greater housing development in Birmingham’s surrounding neighbourhoods.

Perhaps the greatest housing market changes over the past 10-15 years have been around city centre living and renting. During the last couple of economic downturns it has been city centre residential markets that have proven more susceptible to price corrections. This was largely due to the reliance on the buy-to-let sector in terms of sales and the seemingly fickle nature of rental demand. This time around our analysis, judgement and forecasts suggest that residential property performance will be stronger in city centres than in traditional housing in out of town locations.

Download the PDF