Hottest SW house prices
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The latest data from the Land Registry reveals that the average house price in South West is currently £263,500.
On average house prices South West increased by 2.9% or £7,300 over the last month.
Over the last year (last 12 calendar months) average house prices in South West increased by 4.3% or £10,780.
However, across South West, there is a significant spread of house prices at the Local Authority level ranging from £180,800 in Plymouth to £391,700 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 South West.
The three most expensive areas for house prices in South West are:
Cotswold where average house prices are £391,700
Bath and North East Somerset, where average house prices are £354,700, and
South Hams where average house prices are £306,400
The three least expensive areas for house prices in South West are:
Plymouth where average house prices are £180,800
Torbay with average house prices of £202,900, and
Gloucester where average house prices are £204,600
South West house price winners and losers last month
Over the last month house prices in South West increased the most in percentage terms in:
Forest of Dean where average house price increased by 5.0%,
Cotswold where average house prices rose by 3.0%,
West Devon where average house prices were up by 2.4%
House prices in South West fell the most in percentage terms last month in:
South Hams where average house prices dropped by 2.7%,
Stroud where average house prices fell by 2.6%,
Exeter where average house prices were down 2.1%
We show the percentage changes in house prices for each local authority across South West in the chart below
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The biggest absolute (monetary) increases in house prices in South West last month were in:
Forest of Dean where house prices climbed by £11,720,
Cotswold where house prices increased by £11,300,
West Devon where house prices rose by £5,880
At the other end of the South West house price league, house prices fell most in:
South Hams which saw house price fall, on average, by £8,520,
Stroud where average house prices fell by £7,500,
Exeter where house prices were down £5,340
We show the monetary change in average house prices across each Local Authority across South West in the chart below:
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South West house price winners and losers last year
South West witnessed strong house price growth over the last twelve months, on average across South West house prices have increased by 4.3%
The biggest house price winners in percentage terms in South West are:
Bath and North East Somerset with average house prices up 7.5%,
Cornwall, which has seen house prices increase by 4.9% over the last twelve months, and
Mendip where house prices have risen, on average, by 4.6%
At the bottom end of the annual house price table are:
West Devon where house prices have fallen by 1.2%,
Bournemouth, Christchurch and Poole, with average house price deflation of 0.5%, and
North Devon with house price deflation at 0.1%
We show the percentage change in house prices over the last twelve months across every Local Authority in the North East in the chart below
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Finally turning to the monetary or cash changes to house prices in South West over the last year, the biggest house price winners in absolute terms were:
Bath and North East Somerset which has seen house prices increase by £24,670,
Cotswold with house prices gains of £15,840,
Bristol, City of where house prices have risen, on average, by £12,570
House prices increased in monetary terms across every local authority across South West last year, but those areas that saw the smallest increase in average house prices were:
West Devon where average house prices were down £3,020,
Bournemouth, Christchurch and Poole, which saw average house prices fall by £1,320, and
North Devon where house prices decreased by £300.
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