The 15 Birmingham areas where house prices are rising fastest, according to new data
Here are the areas 15 Birmingham which have seen the biggest rise in average sale prices recently
With mortgage rates under increasing strain, all eyes are on the property market to see whether house prices will continue to rise.
And new figures pinpoint the neighbourhoods of England where average sale prices are increasing the fastest.
The latest data from the UK House Price Index shows the average UK house price was £286,500 in April 2023, a slight rise from the previous month but £6,500 below the £293,000 all-time high recorded in September 2022.
The Office for National Statistics also divides England into thousands of smaller areas known as middle-layer super output areas. It has released new house price figures for each of these neighbourhoods for the calendar year 2022.
This allows us to pinpoint the suburbs, towns and villages which have seen house prices rise the most since the previous year.
Here are the areas o Birmingham which have seen the biggest rise in average sale prices in 2022, compared with 2021.
1. Balsall Heath West & Kingswood Road
The area saw prices rise by 27.0% in a year, with average properties selling for £200,000 in 2022.
2. Washwood Heath
The area saw prices rise by 26.7% in a year, with average properties selling for £171,000 in 2022.
3. Sparkbrook North
The area saw prices rise by 25.5% in a year, with average properties selling for £240,000 in 2022.
4. Quinton East
The area saw prices rise by 23.9% in a year, with average properties selling for £223,000 in 2022