In 2025, one of the West Midlands' most affluent towns, Solihull, witnessed a significant decline in average house prices, with values dropping by over £25,000. This dramatic fall places Solihull fourth on the national list for the steepest property value decreases.
Residents may find this news startling, especially since Solihull consistently ranks as one of the best places to live in the region. Known for its upscale community and excellent transport connections to Birmingham, the town’s average house price fell from £416,000 to £390,000 within a year.
While some locals hope the decline is an isolated incident linked to specific sales rather than a broader trend, prospective buyers might see this as an opportunity to purchase homes in a highly sought-after area at a reduced cost.
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Nearby Worcester also experienced a downturn, with average property values dropping nearly £22,000 to £332,000, ranking close behind Solihull nationally.
These figures, released by Lloyds Bank, come amid a housing market marked by varied regional changes. Amanda Bryden, head of mortgages at Lloyds, noted that property values are fluctuating significantly across the UK, with some areas seeing sharp increases while others cool.
Bryden advises homebuyers to research local market conditions carefully, as such variations can greatly impact the financial requirements for deposits, Stamp Duty, and other moving costs. She also highlights that regions in northern England and Scotland remain more affordable compared to the south, offering rich culture, history, and stunning countryside.