If you have moved to the South West or thinking of doing so, you would have found that house prices have risen over the past few years. Official figures show that house prices in the South West of England rose fastest than anywhere else in the country.
Why have house prices in the South West increased fastest?
With the demand for property in 2021 reaching new heights, the UK saw house prices increase by 10%. However prices rose further up to 12.9% in the South West, despite the increased cost of living. The average house price in November being £271,000, up by £25,000 from the year before. The slowest region for growth was London, with an annual increase of 5.1%.
It was found that people living in large cities like London, Birmingham and Leeds were the most unhappy during lockdown, with people looking to rural and coastal communities such as Cornwall, Devon and Somerset.
Conservative leader of Devon County Council has declared there is a housing crisis in Devon, saying there was "little housing available for Devon people". In December a housing taskforce was put in place due to residence unease.
Find out more
Each of our offices is staffed to be able to offer you personal assistance with your property needs. The service we offer is both comprehensive, fast and flexible. Contact our skilled Residential Property Team for more information.
