Property price rise on the cards in Exeter

With the general election now over, haart estate agents in Exeter is predicting demand for property in the area to increase, creating a potential sharp rise in prices.

Latest figures from haart’s monthly Property Index show that there’s already demand for homes in the city, with an average of nine buyers for each property on the books of its Paris Street branch.

In turn the average price of property sold by the branch has increased by 5.80% to £179,140 over the last quarter to the end of April.

Exeter haart Branch Manager Kyra Daniel, said: “Demand is already high in the area and now the election is over, we expect to see it continue to increase and subsequently drive prices up further.

“Those looking to sell property and move up the ladder in Exeter should see the price of their property go up as demand grows.”

Taunton’s haart branch on the High Street has on average seven buyers for every property on the books. This demand has led to a 5.88% increase in the average price of terraced property sold by the branch compared to last quarter.

Branch Manager Rebecca Chudley said: “More sellers are needed to keep up with demand, so if you’re looking to sell, now is a fantastic time.”

According to haart’s Property Index, the average price of all property sold through its seven branches in the South West – including Bedminster, Exeter, Fishponds, Plymouth, Shirehampton, Taunton, Weston-super-Mare – was £181,916, an increase of 3.51% over the last quarter.

Properties for sale with haart can now be viewed on the new OnTheMarket.com property portal, as well as through Rightmove and haart.co.uk.

For further information about listing your property with haart and OnTheMarket.com or finding your perfect home, please call 0845 899 9999 from 8am to 10pm every day - or visit your local branch.