House prices dropped slightly, by 0.3 per cent, in Bromsgrove in July, new figures show.
But the drop does not reverse the longer-term trend, which has seen property prices in the area achieve 10.3 per cent annual growth.
The average Bromsgrove house price in July was £318,142, Land Registry figures show – a 0.3 per cent decrease on June.
Over the month, the picture was better than that across the West Midlands, where prices decreased 4.9 per cent, and Bromsgrove outperformed the 3.7 per cent drop for the UK as a whole.
Over the last year, the average sale price of property in Bromsgrove rose by £30,000 – putting the area 22nd among the West Midlands’s 34 local authorities for annual growth.
The best annual growth in the region was in Wyre Forest, where property prices increased on average by 19.8 per cent, to £233,000. At the other end of the scale, properties in Warwick gained 2.6 per cent in value, giving an average price of £316,000.
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