No slow down in Birmingham city property market

Reading time: 2 Minutes

Birmingham city centre seems to be bucking national trends again with no signs of slowing up.

Our sales manager in our long-standing city centre branch, Dean Coleman, is not only excited about the continuing growth in the area but, is relishing the tough task of trying to find buyers enough city property to meet their demands.

As mortgage lender Nationwide reported in their recent index in May, average house prices fell by 0.2%, the third such fall over the last four months, Dean is proud to boast of more positive news to the contrary, reporting;

“Since the beginning of May until early June, we have agreed to sales on a total close to the value of £3m worth of apartments and houses by our city branch alone, which, when combined, is over 4.1% ABOVE our vendors asking price!”

Astonishing really, not just investors starting to capitalise on everyone’s favourite “second city” but the vast majority being owner-occupiers moving into the city as their first home or pied a terre. Bidding wars and “best and final offers” and open houses are still rife!

This will, of course, be down to individual effort as well as a buoyant market, with Dean and the team priding themselves on honest market appraisals and proud to see we are exceeding our vendors expectations, as Dean confirms;

“We take great pride in providing an honest, transparent and informative service. Here at James Laurence, we never place a value on a property to ‘just win the instruction’. We are all too familiar with having conversations with those owners who have reduced their marketing price, feeling they’ve ‘lost money’ when in fact it may have been an inflated price to start with. The market is very competitive with demand still greater than the supply. Agents also have become more competitive. with more and more operating in the City”

Trust in our service and intent, is the message from Dean, believe in our teams ability to generate and deal with enquiries, turning those into viewings and extracting quality offers! We also have our 24/7 Propertyfile log in – a perfect go-between for our none local (and particularly oversees) vendors to interact with us even further over recent months.

Are you relocating from Birmingham? If so, contact Dean for a free up-to-date appraisal of your property at [email protected] and 0121 6044060.


Similar Posts

The people we've helped
  • 5 star review  This is our second experience with James Laurence, this time as Sellers but 2.5 years ago as buyers. I wrote a review about the previous experience which was excellent and I believe this experience warrants another great review. This time we worked more directly with Henry who is an excellent communicator. From the word go he demonstrated impressive subject matter expertise, confidence and professionalism. He regularly follows up on progress and bridges the gap between purchaser and vendor extremely well. I'm confident that James Laurence is a company that has high standards embedded in to its culture and highly recommend them.

    thumb David Smither
  • 5 star review  Had a great experience with James Laurence. Reece Parkinson and Henry Crane were excellent. As a first time buyer, they were very patient with me and my questions and reassured me at every hurdle. Henry even helped chase my non-responsive solicitors which I’m forever grateful for. I would highly recommend

    thumb Dariusz Paszkowski
  • 5 star review  Honestly can't thank Kelly enough for all the help she has given me during my current moving process! As stressful as it has been, Kelly has gone above and beyond to clarify and assist me on information, even during her own time when not at work. Kelly is a real asset to this branch and gives the company a good reputation, would definitely recommend her and this branch to others, and would use them again for future moves. Thanks again so much! :)

    thumb Callum Phillips
  • 5 star review  We recently chose James Lawrence to sell our flat in the Jewellery Quarter, and couldn't be happier that we did. Henry and Reece were both exceptional, and kept us informed throughout the entire process, as well as chasing up all parties at key moments to make sure things kept moving. Everyone we dealt with was friendly and approachable and we highly recommend choosing James Lawrence if you're looking to sell your property.

    thumb Shane Bickerton
  • 5 star review  Recently completed on a flat sale with James Lawrence and it was the straightforward process one could normally only hope for. Nice to have estate agents (Henry & team) who were ahead of you at every moment in terms of updates on the sale. If you like to be well informed, advised and are generally a-bit too busy with life to let the buying/ selling of your property become a typical housing headache then I’d only recommend them to alleviate the strain!! Cheers guys for the help - professional, amiable and tight ship.

    thumb Jason Ho