As an example, I remember 6-7 years ago, there would be 15-20 properties on the market in Edgbaston listed at over £1m. The average over the last 18 months has been approx. 3-4 and they’ve sold instantly.
Houses in particular are achieving higher prices than normal currently, mainly due to the pandemic and the lack of stock on the market.
Do let me know if you would like your property valued and/or to discuss anything further.
0121 455 7727
https://dluxe-magazine.co.uk/birmingham/birmingham-suffering-from-major-shortage-of-homes-for-sale-in-prime-postcodes/