Birmingham House Price Forecast 2026 to 2030
| Year | Savills forecast (West Midlands) | Joseph Mews forecast (Birmingham) |
|---|---|---|
| 2026 | -2.0% | -1.0% to 0.5% |
| 2027 | 3.0% | 3.0% to 5.0% |
| 2028 | 5.5% | 4.0% to 6.0% |
| 2029 | 6.0% | 4.0% to 6.0% |
| 2030 | 6.0% | 4.0% to 6.0% |
| Five years, 2026 to 2030 | 19.7% | 14.7% to 25.7% |
Both forecasts tell the same story. 2026 is a pause, with prices broadly flat as the market adjusts to higher mortgage rates, and growth then returns from 2027 and picks up through 2028 to 2030 as rates ease. Savills assumes the average mortgage rate will fall from 4.78% at the end of 2026 to 3.50% by the end of 2030, with the Bank of England base rate easing from 3.75% to 2.50%.
What Could the Average Birmingham Home Be Worth by 2030?
Applying the forecasts for 2027 to 2030 to today’s average Birmingham house price of £235,000:
Savills’ West Midlands forecast would take the average home to around £287,000 by the end of 2030.
Our forecast range would take it to between £272,000 and £294,000.
That is an increase of roughly £37,000 to £59,000 on the average home over four years.
How Does Birmingham Compare With the UK?
Savills forecasts UK house prices to rise 18.5% over the five years to 2030, slightly below its 19.7% forecast for the West Midlands. JLL forecasts UK prices to fall 0.5% in 2026 before recovering. Regions with lower prices and stronger rental demand, including the West Midlands, the North West and Yorkshire, are expected to outperform London and the South East, where Savills forecasts growth of 10.6% and 13.4%, respectively.
Average House Price in Birmingham
The average house price in Birmingham is £235,000, according to the latest ONS figures (August 2026, provisional), up 1.5% on a year earlier. That compares with £251,000 across the West Midlands. Average asking prices on Rightmove were £251,340 in July 2026, 0.6% lower than a year earlier.
| Property type | Average price |
|---|---|
| Detached | £444,000 |
| Semi-detached | £276,000 |
| Terraced | £223,000 |
| Flats and maisonettes | £144,000 |
| All properties | £235,000 |
First-time buyers in Birmingham paid an average of £213,000, while home-movers paid £278,000. Buyers using a mortgage paid an average of £240,000, and cash buyers £220,000 (ONS, August 2026). Around 10,300 homes sold in Birmingham in 2025 (HM Land Registry).
Featured Development
No. 30 St Pauls
Birmingham
Introducing No. 30 St Pauls, 58 luxury apartments in Birmingham’s sought-after Jewellery Quarter.
- 1, 2, and 3 bedroom luxury apartments
- Rental values to increase by 18.8% over the next 5 years (JLL)
- Property values to increase by 24% over the next 5 years (JLL)
- 20 % Deposit required
- Estimated completion Q1 2026
- Prime location directly on St Paul’s Square
Prices From
£249,950
Birmingham Property Prices Over Time
Birmingham Property Prices Over Time
Over the past decade, Birmingham property prices have risen steadily. Land Registry figures show the average sold price rose from £158,120 in July 2016 to £234,257 in July 2026, an increase of 48.2%. Over five years, prices have risen 12.8%.
| Year | Average price | Annual change |
|---|---|---|
| 2014 | £137,652 | 4.1% |
| 2015 | £144,503 | 5.0% |
| 2016 | £155,069 | 7.3% |
| 2017 | £168,101 | 8.4% |
| 2018 | £178,960 | 6.5% |
| 2019 | £189,213 | 5.7% |
| 2020 | £188,687 | -0.3% |
| 2021 | £205,153 | 8.7% |
| 2022 | £220,110 | 7.3% |
| 2023 | £237,872 | 8.1% |
| 2024 | £228,663 | -3.9% |
| 2025 | £234,328 | 2.5% |
| 2026 (July) | £234,257 | 2.5% on July 2025 |
The table shows that dips in Birmingham prices have been short-lived. Prices were flat in 2020 and fell in 2024, but recovered within a year each time. The flat market of 2026 follows a similar pattern, and the forecasts point to a return to growth from 2027.
Birmingham Rental Market Forecast
Rents in Birmingham have continued to rise while prices have been flat. The average private rent reached £1,106 a month in September 2026, up 3.3% on a year earlier (ONS). That is above the West Midlands average of £983, but well below the UK average of £1,406, where rents have risen 3.8%.
JLL expects UK rents to rise 3.5% in 2026 and 16.5% over the five years to 2030, with the requirement for rented homes to reach EPC C by 2030 expected to push rents higher later in the period as some older properties leave the market.
Rental Yields in Birmingham
Because rents are rising faster than prices, yields for new buyers have improved. The average gross yield across all Birmingham property is 5.6%, rising to 7.7% for flats (ONS). The highest yields are in and around the city centre:
| Postcode and area | Gross yield |
|---|---|
| B18 – Jewellery Quarter, Hockley | 7.2% |
| B1 – City centre, Brindleyplace | 6.7% |
| B2 – City centre, New Street | 6.6% |
| B3 – Colmore Business District | 6.6% |
| B12 – Highgate, Balsall Heath | 6.4% |
What Is Driving the Birmingham Property Market?
Jobs and Business
Birmingham has more than 43,000 active businesses, and 15.1% of them started in 2024 (ONS). Major employers, including Goldman Sachs, HSBC, BDO and EY have significant offices in the city, while the BBC’s move to the former Typhoo Tea factory in Digbeth is bringing media and creative jobs to the east of the city centre. These employers create steady demand for rented homes close to the business district.
Regeneration
Major regeneration continues to transform the city centre. Birmingham Smithfield, a £1.9bn to £2bn scheme next to the Bullring, will bring thousands of new homes and a new public square to the edge of Digbeth. The area around HS2’s Curzon Street station is set for new homes and offices, and the £2.5bn Ladywood regeneration plans up to 12,000 new homes. Areas close to these schemes are likely to see the strongest demand as they complete. Read more about new developments in Birmingham.
Affordability
Birmingham remains far more affordable than London. A typical home costs 6.5 times local earnings in Birmingham, compared with 11.3 times in London (ONS, April 2025). That gap continues to attract people moving out of the capital, along with graduates who stay in the city after studying.
Supply and Demand
Birmingham’s population reached 1,183,618 in 2024, up 2.9% in five years, and its median age is just 33 (ONS). New supply has not kept pace: the city added around 10 new homes for every 1,000 existing dwellings in 2024–25 (ONS). Research by planning consultancy Marrons suggests Birmingham needs over 127,600 new homes by 2040, the highest of any English local authority.
Want to know more about the Birmingham property market for 2027? Download the Birmingham Investment Guide today and discover everything you need to know about Birmingham property investment in the new year. In this guide you’ll find:
- Current market performance
- Forecasts for the Birmingham property market in 2026
- Key trends impacting the market
- Best places to invest in Birmingham in 2026
Birmingham Property Market FAQs
Is Birmingham a good place to invest in property?
Birmingham combines affordable prices, above-average yields and long-term growth. Prices have risen 48.2% over ten years, rents are still rising, and Savills forecasts 19.7% growth in the West Midlands by 2030. Find out more in our guide to the best places to live in Birmingham.
What is the average house price in Birmingham?
The average house price in Birmingham is £235,000 (ONS, August 2026). The average flat costs £144,000, a terraced house £223,000, a semi-detached house £276,000 and a detached house £444,000.
Will house prices go up in Birmingham in 2027?
The forecasts suggest so. Savills expects West Midlands prices to rise 3.0% in 2027, and our forecast for Birmingham is 3.0% to 5.0%. Growth is expected to pick up further in 2028 to 2030 as mortgage rates ease.
Are house prices falling in Birmingham?
Not significantly. Birmingham house prices rose 1.5% in the year to August 2026 (ONS), although asking prices on Rightmove were 0.6% lower than a year earlier. Savills forecasts a 2.0% fall across the West Midlands in 2026 as higher mortgage rates weigh on demand, followed by growth from 2027.