House price winners and losers South West

The latest data from the Land Registry reveals that the average house price in the South West is currently £330,400.

On average house prices in the South West increased by 2.7% or £8,730 over the last month.

Over the last year (last 12 calendar months) average house prices in the South West increased by 20.7% or £56,640.

However, across the South West, there is a significant spread of house prices at the Local Authority level ranging from £224,300 in Plymouth to £492,500 in Cotswold.

South West average house prices by local authority

We show in the chart below the average house price for every local authority across the South West.

The three most expensive areas for house prices in the South West are:

Cotswold where average house prices are £492,500

Bath and North East Somerset, where the average house costs £432,900, and

South Hams where you can buy the average home for £426,600

The three least expensive areas for house prices in the South West are:

Plymouth where you can snap up the average home for £224,300

Gloucester with average house prices of £247,500, and

Torbay where the average house will set you back £250,700

South West house price winners last month (percentage)

Across the South West increased by 2.7% over the last month, however, within the South West not all house prices increased by the same amount.

Over the last month house prices in the South West increased the most in percentage terms in:

West Devon where average house prices increased by 4.7%,

Torridge where average house prices rose by 4.7%,

Stroud where average house prices rose by 3.2%

The chart below shows the hottest 25 housing markets across the South West where house prices increased the most in percentage terms over the last month.

South West absolute house price winners last month

When we look at the absolute (monetary) house price rises across the South West last month, we saw the biggest house price increases in:

West Devon where house prices climbed by £14,250,

Torridge where house prices increased by £14,070,

Bath and North East Somerset where house prices rose by £12,480

South West relative house price winners last 12 months

House prices have increased significantly over the last 12 months in many areas of the South West. On average across the South West house prices have increased by 20.7%

The biggest house price winners in percentage terms across the South West over the last year are:

South Hams with average house prices up 20.8%,

Torridge, which has seen house prices increase by 18.9% over the last twelve months, and

Teignbridge where house prices have risen, on average, by 18.6%

We show the top 25 housing markets, where house prices have increased the most on a relative (percentage) basis across the South West in the chart below

South West absolute house price winners last 12 months

Turning to the absolute or monetary increases in house prices across the South West over the last 12 months, on average house prices increased by £56,640. We show the areas where house prices increased the most in the South West below

Cotswold which has seen house prices increase by £76,400,

South Hams with house prices gains of £73,570,

Bath and North East Somerset where house prices have risen, on average, by £59,220

We show the South West's top 25 housing markets in terms of absolute house price increases over the last 12 months in the chart below.

South West relative house price losers last month

Unfortunately, house prices did not rise in every area of the South West last month. The biggest relative house prices losers last month were:

Forest of Dean where average house prices dropped by 1.7%,

South Hams where average house prices fell by 0.3%,

Mid Devon where average house prices were down 0.1%

We show the percentage changes in house prices for each local authority across South West in the chart below

South West absolute (monetary) house prices losers last month

In monetary terms, house prices in the South West fell or increased the least in:

Forest of Dean which saw house prices fall, on average, by £5,030,

South Hams where average house prices fell by £1,190,

Mid Devon where house prices were down £310

We show the monetary change in average house prices across each Local Authority across South West in the chart below:

South West relative house price losers last year

Whilst the average house prices in the South West increased by 20.7% over the last twelve months, not all areas of the South West performed as well.

At the bottom end of the South West's annual house price table are:

Forest of Dean where house prices have risen by 9.9%,

South Somerset, with average house price inflation of 10.6%, and

Cheltenham with house price inflation at 10.6%

We show the percentage change in house prices over the last twelve months across every Local Authority in the South East in the chart below

South West absolute house prices losers last 12 months

Finally turning to the monetary or cash changes to house prices in the South West over the last year. Average house prices across the South West increased by £56,640, but not all areas of the South West performed as well. The areas which saw the worst house price performance in the South West over the last year were:

Forest of Dean which has seen house prices up by £26,860,

South Somerset with house prices rise of £27,430,

Gloucester where house prices have increased, on average, by £27,950

We show in the chart below the areas of the South West with the worst absolute house price performance over the last 12 months.