Birmingham, United Kingdom
Property prices · 2024 · Europe
Property price trend in Birmingham (2024–2026)
Property comparison — cities in United Kingdom (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Birmingham |
|---|---|---|---|---|
| Birmingham | GBP 3,800 | GBP 2,400 | GBP 1,100 | — |
| London | GBP 12,500 | GBP 7,200 | GBP 2,200 | +228.9% |
| Edinburgh | GBP 5,200 | GBP 3,200 | GBP 1,400 | +36.8% |
| Bristol | GBP 4,800 | GBP 3,000 | GBP 1,350 | +26.3% |
| Manchester | GBP 4,500 | GBP 2,800 | GBP 1,300 | +18.4% |
| Leeds | GBP 3,200 | GBP 2,000 | GBP 1,000 | -15.8% |
Other Europe cities (2024)
Frequently asked questions
How much does property cost in Birmingham in 2024?
In Birmingham, the average price per sqm in the city centre is GBP 3,800, and GBP 2,400 outside the centre (2024 data). Prices have risen 6.5% since 2024.
How much is rent in Birmingham in 2024?
A 1-bedroom apartment in Birmingham rents for approximately GBP 1,100 per month in 2024. A 3-bedroom apartment costs around GBP 1,700/month.
Is it better to buy or rent in Birmingham?
Buying and renting are roughly comparable in Birmingham. The price-to-rent ratio is 18.0x — it would take approximately 18.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 4.50%.
What are mortgage rates in United Kingdom in 2024?
The average mortgage rate in United Kingdom is approximately 4.50% as of 2024. With a price-to-rent ratio of 18.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Birmingham?
The average property price per square metre in Birmingham city centre is GBP 3,800 in 2024. Outside the centre, expect to pay around GBP 2,400/sqm.