House price growth in the West Midlands is rising faster than anywhere else in Britain as cities such as Birmingham experience a boom in their property market, according to Britain’s biggest mortgage provider.
Figures from the Halifax and the data firm IHS Markit show house prices in the West Midlands rose by 7% in the second quarter of this year, compared with a year ago, to reach an average price of £207,272.
This was significantly ahead of Scotland and Wales, which had the joint second strongest rate of house price growth, at 3.7% each.
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