Birmingham house prices rise 2.5 per cent to 234,000 pounds

The average price of a home in Birmingham has risen to 234,000 pounds, up 2.5 per cent in a year, according to the latest figures from the Office for National Statistics.

The provisional figure for July 2026 compares with an average of 228,000 pounds in July 2025. The figures were published on 16 September.

Growing faster than the region

Prices in Birmingham rose faster than the average for the wider region, where they increased by 1.5 per cent to 251,000 pounds. The average price for England was 273,000 pounds.

Prices by type of home

• Detached: 443,000 pounds
• Semi-detached: 275,000 pounds, up 3.7 per cent
• Terraced: 222,000 pounds
• Flats and maisonettes: 145,000 pounds, roughly unchanged on a year ago

The figures suggest that family houses are in greater demand than flats, a pattern seen in many cities since the pandemic, when more people looked for extra space and gardens.

Buyers and borrowers

First-time buyers paid an average of 212,000 pounds, up 2.7 per cent, while people moving home paid an average of 277,000 pounds, up 2.2 per cent. Buyers with a mortgage paid 239,000 pounds on average, compared with 220,000 pounds for cash buyers.

What is driving the market

House prices depend heavily on mortgage rates. The Bank of England held interest rates in September, but three members of its Monetary Policy Committee voted for a rise as higher energy prices push up inflation. Any increase in rates would make mortgages more expensive and could slow price growth.

Birmingham compared with other cities

Birmingham remains more affordable than many large cities in the south of England, which has helped attract buyers and investors. But prices are still high relative to local incomes, and many people on average wages struggle to save a deposit.

About the figures

The UK House Price Index is based on completed sales registered with HM Land Registry, so it reflects deals agreed some months earlier. Recent figures are provisional and are often revised as more sales are recorded.