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 £337,100.
On average house prices in the South West decreased by 0.3% or £1,070 over the last month.
Over the last year (last 12 calendar months) average house prices in the South West increased by 11.8% or £35,540.
However, across the South West, there is a significant spread of house prices at the Local Authority level ranging from £229,100 in Plymouth to £509,500 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. Do you live in one of the hottest housing markets in the South West or one of the coldest?
The three most expensive areas for house prices in the South West are:
Cotswold where average house prices are £509,500
Bath and North East Somerset, where the average house costs £443,400, and
South Hams where you can buy the average home for £439,800
The three least expensive areas for house prices in the South West are:
Plymouth where you can snap up the average home for £229,100
Gloucester with average house prices of £256,400, and
Torbay where the average house will set you back £270,400
South West house price winners last month (percentage)
Across the South West decreased by 0.3% over the last month, however, within the South West not all house prices decreased by the same amount.
Over the last month house prices in the South West increased the most in percentage terms in:
South Somerset where average house prices increased by 2.4%,
South Gloucestershire where average house prices rose by 1.8%,
North Somerset where average house prices were up by 1.5%
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:
South Somerset where house prices climbed by £7,160,
South Gloucestershire where house prices increased by £6,650,
Tewkesbury where house prices rose by £5,380
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 11.8%
The biggest house price winners in percentage terms across the South West over the last year are:
Stroud with average house prices up 17.8%,
Torbay, which has seen house prices increase by 15.1% over the last twelve months, and
Cheltenham where house prices have risen, on average, by 14.8%
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 £35,540. We show the areas where house prices increased the most in the South West below
Stroud which has seen house prices increase by £55,670,
Bath and North East Somerset with house prices gains of £47,880,
Tewkesbury where house prices have risen, on average, by £47,290
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:
Exeter where average house prices dropped by 2.4%,
Forest of Dean where average house prices fell by 1.8%,
North Devon where average house prices were down 1.7%
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:
Exeter which saw house prices fall, on average, by £7,790,
South Hams where average house prices fell by £7,270,
Forest of Dean where house prices were down £5,900
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 11.8% 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:
Cotswold where house prices have risen by 8.0%,
West Devon, with average house price inflation of 8.2%, and
South Hams with house price inflation at 9.6%
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 £35,540, 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:
Plymouth which has seen house prices up by £24,390,
West Devon with house prices rise of £25,660,
Gloucester where house prices have increased, on average, by £28,060
We show in the chart below the areas of the South West with the worst absolute house price performance over the last 12 months.
