The West Midlands’ private rented sector has gained a high profile in recent years, since a pilot run by the Home Office to test the Right to Rent scheme.
In an article from the NLA UK Landlord Magazine, the Head of Policy, Public Affairs & Research, Chris Norris writes: ‘The pilot project covered the areas of Dudley, Birmingham, Sandwell, Walsall and Wolverhampton until May 2015, in order to evaluate the impact of the policy before the national roll-out.’
‘More often, discussion of the West Midlands is dominated by Birmingham, the second more populous metropolitan area in the UK and ninth most populous in Europe. The wider region has a population of more than 5.6 million people and comprises 5,000 square miles. Furthermore, the region contributes £110 billion annually to the UK’s output and is the only UK region with a balance of payments surplus with China.’
There is a very wide range of house prices throughout the West Midlands, there is a consistent difference of more then 200% between the most and least expensive sub-regions.
The full article is available to read in the UK Landlord Magazine.