Midlands property market still strong, housing experts claim

09 May 2005
Housing experts have expressed their confidence in the West Midlands property market, which they believe will withstand the effects of the MG Rover collapse.

Fears have arisen about the housing market in the area in the wake of the problems at MG Rover, but several commentators believe they are overblown.

Property search website smarthomes.co.uk has registered a threefold increase in interest in properties in the West Midlands, with a marked migration pattern from Greater London.

"Areas such as Leamington Spa are growing in popularity as people are attracted by a combination of factors," said David Bexon, chief executive of the website.

"The location is very central and has ease of access to Birmingham and London whilst retaining a rural quality of life feel. The prestige and heritage of Spa towns also adds a premium."

Housing developer Bill Lloyd, managing director of Domus Estates, echoed this opinion, saying that the company has received thousands of enquiries about its new development in Leamington Spa.

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