‘Billion pound boost’ predicted for Birmingham’s economy by 2023
Birmingham is set to see its economy grow by £1bn by the end of 2023, bucking the trend for the most successful cities to be found in southern England. According to Irwin Mitchell’s UK Powerhouse report, produced by the Centre for Economics and Business Research (Cebr), Birmingham delivered 6.9% GVA growth in the 12 months […]
UK House Price Update
The average price of a UK home hit a record level for the third month in a row in April 2022, according to data from property portal Rightmove. Its house price index shows asking prices growing 1.6% month-on-month, or £5,537, bringing the average property price to £360,101 in April. Annual price growth stood at 9.9%. […]
Everton ‘locks in’ £500m stadium construction cost
The football club has tied Laing O’Rourke to a construction contract for its new 53,000 capacity stadium at Bramley-Moore Dock, a move that the club said “brings clarity” to the cost of the project in an “ever-fluctuating marketplace”. The contractor has been on site since last summer under a pre-construction services agreement, and Laing O’Rourke […]
Birmingham voted one of the best places to live in 2022
Birmingham has once again been included in The Sunday Times’ annual ‘Best Places to Live’ guide. For 2022, it has been named as one of the best places to reside in the Midlands, with the judges singling out the Jewellery Quarter and King’s Heath. The Jewelery Quarter is highlighted by its downtown location, attractive and […]
Interest Rate Increases
The Bank has warned the inflation squeeze on households will intensify further this autumn after Russia’s invasion of Ukraine added to the pressure on energy prices. Surging inflation – now expected to hit 8% next month – prompted the bank to hike its interest rate by 0.25 percentage points, taking it to its pre-pandemic level. […]
UK House Price Update
Rightmove’s house price index shows average asking prices grew by 1.7% month-on-month, or £5,760, to stand at £354,564 in March 2022. Rightmove says prices last rose this steeply in March 2004. The latest increase contributed to an overall rise in the annual growth rate for average house prices of 10.4% to March 2022, its highest […]
Green light for public realm at the £700 million Paradise scheme in Birmingham
The next phase of work at the £700 million Paradise scheme in Birmingham city centre has been approved. Developers will create a series of new public spaces and pedestrian routes through the project which will add to the links already in place to Colmore Row, Broad Street and the Jewellery Quarter. The consent work includes the new […]
UK Price Update
Biggest ever monthly price jump sets new record high as movers fear missing out. February picks up where January left off, as the second month of the year proves to be even stronger than the first. The price of property coming to market increased by 2.3% in February, equating to £7,785, according to Rightmove’s latest […]
This spring is certainly shaping up to be a busy one
Estate agents are being told to prepare for the busy selling season, with March identified as the strongest month of the year for prospective sellers to come to market. Rightmove has analysed comparable home-moving data over the last five years, excluding 2020 to account for the closed market periods. The findings show that March is […]
London rental market has recovered from the pandemic
London rents are 3% higher than before the pandemic, signalling that the market has recovered from the pandemic downturn, Rightmove’s quarterly rental trends tracker has found. The cost of renting in the capital has risen by 6.1% in the past quarter alone, reversing an annual drop of 6.4% during the end of 2020. Back then […]
