Droitwich, Worcester & Malvern Property Market Update – June 2026
💬 Comment
June has brought with it some encouraging signs for the housing market 🌞🏡
Despite continued global uncertainty and mortgage rates remaining higher than many buyers would like, the housing market continues to demonstrate resilience. Mortgage approvals, a key indicator of future demand, rose to 63,531 in March, the highest monthly total since November 2025 and a sign that committed buyers are still active in the market.
While buyer sentiment remains measured, demand levels are holding steady, with new buyer enquiries only marginally below this time last year. Property professionals across the industry continue to report stable levels of confidence, reinforcing the view that the market remains active and well supported.
Across our Worcester, Malvern and Droitwich offices, we are continuing to experience a particularly busy period, with strong levels of activity and a number of properties successfully selling off market before reaching the major portals. This is a strong indication of a healthy pipeline of motivated buyers who are ready to move quickly when the right property becomes available.
As we move further into the year, the combination of resilient demand, committed buyers and ongoing activity across our branches continues to paint a positive picture for the local market. 📈
If you’re considering a move this year, now is the time to act. Book your valuation with Nicol & Co today and start planning your next move with confidence.
Sources: Dataloft Land Registry, Dataloft Market Rental Analysis, ONS, Rightmove, HomeLet, Zoopla, Goodlord
Local Market Roundup
🏠 Sales Market
Over the last 12 months, the average sale price in the WR postcode area decreased by 14% to £295,222 📉
Houses represented 89% of total sales, averaging £321,175, while flats made up 11%, averaging £151,101.
Transaction levels softened across the region:
- Worcester recorded 1,791 transactions, down 13%
- Malvern saw 552 transactions, down 20%
- Droitwich transactions fell by 11% to 429
Price performance:
- Malvern average price stayed the same at £311,116
- Droitwich increased 4% to £297,784
- Worcester increased 1% to £263,846
Over the last five years, average sales prices have risen:
- WR +18% | Worcester +19% | Droitwich +18% | Malvern +21%
🏡 Lettings Market
Over the past 12 months, the average rent achieved across the WR postcode area reached £986 per month, an increase of 7.5% year on year 💷
Flats accounted for 49% of all lets, averaging £839 per month, while houses achieved £1,157 per month.
Local performance:
- Droitwich – rents up 1% to £1,028
- Flats £744 | Houses £1,190
- Malvern – rents up 5% to £979
- Flats £744 | Houses £1,190
- Worcester – rents up 13% to £960
- Flats £854 | Houses £1,112
National Market
🏡 The UK housing market continues to show resilience heading into summer.
Average house prices across the UK were £268,132 in March, unchanged from a year ago according to the ONS 📈
Average new seller asking prices rose by 1.2% in May to £378,304 – exceeding the typical ten-year May increase of 1.0%, and the strongest start to a year since 2020 ⚖️
House prices are forecast to grow by 1.6% in 2026, representing 1.3% annual growth according to the ONS.
Economy
The Bank of England held interest rates at 3.75% in April, as uncertainty over the Iran war continues 📊
Monthly GDP grew by 0.3% in March, following growth of 0.4% in February – modest but indicative of continued momentum.
CPI inflation rose by 2.8% in the 12 months to April, down from 3.3% in March – an encouraging step in the right direction for affordability and the prospects of future rate cuts.
Lettings latests
Let’s talk about the rental market… 🔑
Rents across the WR area continue to perform strongly, and the national picture backs that up. The average rent in April sat at £1,325, up 2.1% year on year according to HomeLet 📈
Zoopla are forecasting further growth of 3–4% across 2025, driven particularly by more affordable markets outside the major cities – which is great news for landlords in areas like ours.
One stat worth noting – average void periods nationally increased slightly from 22 to 24 days in April according to Goodlord ⏳ While that’s still relatively short in the context of a busy market, it’s a reminder that presentation, pricing, and marketing your property correctly from the outset really does make a difference to minimising empty periods and protecting your income.
And if you’re a landlord still finding your feet with the Renters’ Rights Act, which came into force on 1st May – the deadline to issue the government’s official information sheet to existing tenants was 31st May. If that’s something you haven’t yet done, we’d strongly recommend taking advice as soon as possible. Our lettings team are here to help you get things in order, and our YouTube channel has a full walkthrough of everything the Act means for you as a landlord 📋
Community News 🏃
Droitwich Half Marathon
We’re delighted to be sponsoring the Droitwich Athletics Club Half Marathon & Quarter Marathon, taking place on Sunday 14th June 2026 at Churchfields Farm, Salwarpe 🎉
Whether you’re a seasoned runner or looking for a new challenge, the scenic on-road route around the outskirts of Droitwich Spa offers something for everyone, with both a half marathon and a shorter quarter marathon option available.
For more information, please click here.
Landlord Seminar 🎙️
Top tips from property, legal and financial experts – we’re hosting a Landlord Seminar in partnership with Nicol & Co and Eventbrite 🏠
Thursday 25th June | 6pm – 8.30pm
Sixways Stadium, Warriors Way, Worcester, WR3 8ZE (Doors open at 5.30pm)
Register your interest today 📝
Market Insight
This market update draws from a range of trusted sources to provide you with clear, evidence-based insights to guide your property decisions. Our team is committed to staying updated on the latest market trends and legislative changes, ensuring you have the most current and relevant information.
Feel free to reach out to us anytime. We’re here to assist you in making informed property decisions and navigating your property journey.
For additional insights, follow us on social media @nicolandco_estateagents or through @Matt_the_Agent.
