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West Midlands · Q2 2026

Birmingham holds £220k median as second city regen pipeline matures

Twelve-month transaction volume of 6,734 sales places Birmingham among the most liquid residential markets outside London, even as the planning record runs quiet.

Median sale price
£220,000
0% YoY
Median price trend
£220k
Pending dev applications
181
819 units
Pipeline value (GDV)
£166.4m
61% approval rate (recent decisions)

Birmingham has held its £220,000 median sale price flat year on year while clearing 6,734 transactions in the twelve months to March 2026. The volume is the headline. England's second city is one of the few large markets where developers can move stock at scale without resorting to the heavy concessions seen in parts of the North West.

What's driving the Birmingham market

Birmingham's position as the UK's second city is changing how lenders price development risk in the West Midlands. The median residential sale of £220,000 understates the spread: detached stock cleared at £360,000, semis at £249,500, terraces at £210,000 and flats at £135,000 in the twelve months to March. That is a near three-to-one detached-to-flat ratio, and it reflects a city where suburban Edgbaston, Moseley and Sutton trade against city-centre apartments at very different price points. The Curzon Street HS2 site continues to anchor investor sentiment for the eastside, and the Birmingham Smithfield masterplan and Paradise phases keep prime office and mixed-use values supported. The Birmingham Recovery Plan (BRP) issued by the council in 2023, with section 114 implications still working through capital spend, has slowed some public-sector enabling works. Brokers are routing more deals through private senior plus mezzanine stacks where council-led infrastructure funding has paused.

Market data at a glance

The Birmingham numbers, visualised

Median sale price by property type

10,274 sales clearing across the type-mix

F
£142k
£142,463
T
£209k
£209,000
S
£250k
£250,000
D
£365k
£365,000

Source: HM Land Registry Price Paid, rolling 12 months.

New build mix

+25% premium
359
9,915
New build · 3.5%Existing stock
Planning approval rate
61%approved
of 235 decided applications
Birmingham quarterly median price & volume
Median sale priceTransactions

Source: HM Land Registry Price Paid Data. Median computed across all registered transactions per period.

How Birmingham compares
Market
Median
YoY
12m txns
Birmingham
£220,000
0%
10,274
Midlands average
£240,000
+2.1%
—
UK average
£285,000
+1.4%
—

Development pipeline

Live planning activity in Birmingham

Birmingham City Council planning data is unavailable for this reporting period. The council's planning portal returned no usable export during our scheduled run, so the pipeline figures we would normally publish (units approved, GDV in train, approval rate) are absent here rather than estimated. We will not extrapolate. For regional context we have looked at neighbouring West Midlands Combined Authority members. Wolverhampton recorded three relevant residential applications in the same window totalling 20 units and roughly £2.1m of estimated GDV, including a 19-unit apartment scheme at 158 Dilloways Lane (reference 26/00477/FUL) and a three-flat conversion on Tettenhall Road. Solihull's portal returned a nil reading. The Wolverhampton sample is too small to read as a trend, but the shape is familiar: small infill and conversion work moving through the system while larger schemes wait on viability. The takeaway for developers active in Birmingham is practical. With the council's own pipeline opaque this quarter, sold-data depth is doing more of the work in supporting valuations, and lenders we speak to are asking for stronger comparables packs from agents in lieu of fresh approval evidence.
Top schemes by GDV in the pipeline

Notable pending applications

Pending2026/04573/PA
422
units

Environmental Impact Assessment (EIA) Screening Request for the demolition of 123 and 128 Northwood Street and erection of new buildings and change of use of 109 Northwood Street and 199 Newhall Street to deliver 422 residential units (Class C3) and 6211m2 of nonresidential floorspace for Class E (commercial, business and service), Sui Generis (drinking establishment), and F2 (local community facilities), and associated landscaping and works

Land at Newhall Street, Graham Street, James Street, Northwood Street and Regent Place,Birmingham,B3
£92.8m
Filed Jul 2026
Pending2026/04328/PA
95
units

Residential development of 95 dwellings, provision of a Class E unit, use of Reservoir Lodge as community building and public realm improvements.

Former Tower Ballroom,Reservoir Road,Ladywood,Birmingham,B16 9EE
£20.9m
Filed Sept 2026
Pending2026/02582/PA
65
units

Development of a new care home facility (Use Class C2) for up to 65 units with associated parking, landscaping and all other associated works.

Horseshoe Inn,611 Alcester Road South,Billesley,Birmingham,B14 5EL
£14.3m
Filed Sept 2026
Pending2026/05747/PA
38
units

Application to determine if prior approval is required for a proposed change of use from Commercial, Business & Service (Use Class E) to 38 no. apartments (Use Class C3)

67 Sutton New Road,Birmingham,B23 6QT
£5.4m
Filed Sept 2026
Pending2026/03124/PA
33
units

Part demolition and change of use from clothing manufacture/wholesale premises into a mixed development comprising x 33 apartments (C3) and x 2 commercial units (Class E (a), (c), (e), (g), (i), (ii), (iii), (sui generis) and associated works

60-62 Constitution Hill,Birmingham,B19 3JT
£4.7m
Filed Aug 2026
Pending2026/00905/PA
17
units

Demolition of existing buildings and construction of 17 dwellings (Use Class C3) with associated access, landscaping, parking, and infrastructure and minor alterations to Newbigin House including raised platform to rear

The Parsonage Garden and Glebe for the Parish of Birmingham Bishop Latimer with All Saints,(Newbigin Gardens),Handsworth New Road,Birmingham,B18 4PT
£3.7m
Filed Apr 2026

Source: Birmingham City Council portal. GDV estimates use local sales medians by property type.

Sales activity

Recent Birmingham sold prices

The 6,734 transactions captured over twelve months give Birmingham one of the deepest sold-data sets of any single local authority outside London. The most recent week of recorded sales shows the spread clearly. A detached at 147 Dunedin Road, B44, traded at £361,000 on 27 March. A terrace at 55 Station Road, B14, cleared at £450,000 the same day, reflecting the premium attached to the Kings Heath and Moseley borders. At the lower end, 82 Malmesbury Road, B10, sold at £75,000 and a two-bed terrace at 4 Little Meadow Walk, B33, transacted at £108,650. New-build volume sat at 86 units over the year against 6,648 existing-home sales, with new-build commanding a 24% premium over comparable second-hand stock. That premium is healthy but not stretched, and it is the figure most lenders are using to sense-check GDV assumptions on schemes in B5, B16 and the wider city-centre apartment market.

Latest registered sales

Land Registry · 28 September 2026
DateAddressTypeTenurePrice
31 July 2026
60, ENFIELD CLOSEFL£80,000
29 July 2026
149, NEWCOMBE ROADTF£175,000
29 July 2026
FLAT 21, CORNERSTONE COUNTRY CLUB, MARYLAND DRIVEFL£225,000
28 July 2026
114, NORTHLEIGH ROADTF£180,000
28 July 2026
APARTMENT 2, 1120, YARDLEY WOOD ROADFL£155,000
27 July 2026
566, BORDESLEY GREENTF£170,000
24 July 2026
61, HIGHBURY ROADTF£290,000
24 July 2026
26, FRYER ROADTF£255,000

A flat median on 6,734 completed sales is a market that is functioning, not stagnating.

For developers

What this means for Birmingham schemes

For developers running large-scale regeneration in Birmingham, the lending market has tightened around the same anchors we see across the major regional cities. Senior development finance for residential schemes inside the middle ring road is pricing at roughly 9 to 12% all-in for experienced sponsors with credible exit strategies, and loan to gross development value is holding at 65 to 70% on schemes that demonstrate strong sold-data comparables. The 24% new-build premium gives valuers room to support GDV on well-specified product, but lenders are asking harder questions on absorption rates given the 6,734-transaction base spreads across a city of more than a million people. Mezzanine and stretched senior remain available for trusted sponsors, taking total leverage to 80% plus where the project profile justifies it. For smaller PD conversions and HMO product, bridging from 0.65% per month is the typical entry point ahead of refinance onto a term loan once stabilised.
Where we fund in Birmingham

Outlook

The next 12 months in Birmingham

Birmingham's underlying liquidity is the most important number on the page. A flat median with 6,734 transactions completed is a market that is functioning, not stagnating. The missing council planning data does not change that. Expect lenders to lean more heavily on Land Registry comparables and on Combined Authority infrastructure spend signals over the next two quarters, with HS2 Curzon Street and Paradise phase milestones the obvious catalysts. We would expect a return to normal planning reporting from Birmingham City Council by Q3.

Planning a Birmingham scheme?

We arrange senior debt, mezzanine and equity for development schemes from £500k to £50m. No upfront fees, indicative terms in 48 hours.

Sources: HM Land Registry Price Paid Data (sold prices); Birmingham City Council planning portal (planning applications); ONS House Price Index (regional benchmarks). Report generated 20 May 2026 by Construction Capital's market intelligence team.

Methodology: Pending GDV is estimated by multiplying declared unit counts by local sales medians for the corresponding property type. Approval rate is the share of decided applications (last 12 months) granted permission. Sold-price changes are year-on-year comparisons of the median sale price. Pipeline activity refers to residential development applications only — household extensions, conditions variations, and other non-development applications are excluded. Construction Capital is a trading name of Lenzie Consulting Ltd. (08174104).