House Prices in the South West of England have Risen Fastest

House prices in the South West of England have risen fastest in the UK in the last year as homeowners change their priorities during Covid-19

House prices in the south west rose by 6.4% in the year to the end of September, compared with a UK average rise of 4.7%, according to the Office for National Statistics (ONS). It seems that demand has changed and people now want more space inside and out and want to be more rural and away from city centers as their working routine changes.

The top picks for property now are:

  • larger detached houses (which rose in value by 6.7%  over a year
  • properties with gardens
  • properties in the south west.

The properties falling out of favour are city centre properties and smaller houses and flats!

We need to flex our investment strategies accordingly.

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