Top city price hotspots in the West Country unveiled

- Wed 04 May 2022

The West Country favours some of the most desirable places to live in the UK, from Cornwall all the way to the stunning Jurassic Coast in Devon, not just because of its prestigious coastlines but also because of its accessible links to nearby cities and ample countryside space.

Not to our surprise, many places within the South West have landed themselves on the top 10 city price hotspots list. Rightmove has recently released data to show the increase in asking price growth in certain cities, with Truro in Cornwall being the second city hotspot having seen the asking prices increase by 14.6% from last year, now making the average asking price £323,209.

Demand for homes in the South West has soared since the pandemic due to the popularity of people moving out of the major cities and wanting to move to cities closer to the coast and countryside for more space, meaning that cities such as Plymouth have experienced a rise of 12.5% on asking prices compared to last year and now homes in Plymouth have an average asking price of £231,914.

Darren Ellis, Bradleys Group Sales Director, commented “It has been very interesting to see the rise in house prices across the South West since the pandemic and with that, we have seen the demand soar for homes in this area and as a result, the supply fall. Because of this, we have seen increased competition in the West Country with the ‘best and final offers’ scenario being a common situation for many properties throughout our 30 branches.”

“For example, according to Rightmove, Exeter has seen the biggest increase in competition with competition more than doubling over the last year at 110% and the average house price being £307,519. This trend doesn’t seem to be slowing down as of yet so if you are reading this and are thinking of selling your property in the South West, there couldn’t be a better time to do it!”

Bradleys Estate Agents has 30 offices covering Devon, Cornwall, and Somerset with experts in every branch to help you with your property journey. We succeed in getting the best price for your property whilst also searching for your next dream home. Get in touch with your local Bradleys expert today and book your free no-obligation valuation on your home.