House prices in the South West are set to rise again as demand continues to exceed supply, surveyors have forecasted.
According to new figures released today by the Royal Institute of Chartered Surveyors (RICS) house prices in the South West will increase by a further 7% over the next year.
Rental costs are also set to rise by a further 2% which will carry over into the cost of living.
The forecast is echoed nationally as well with the average UK house price set to rise by 8% in the next year.
London house prices again see the largest increase, jumping up by...
House sales in the South West are at the highest level since 2008 and are expected to continue rising.
The Royal Institute of Chartered Surveyors (RICS) has claimed that the increase is a sign that economic recovery is beginning to spread into the South West from London and the South East.
According to research by RICS 86% of Chartered surveyors are expecting to see rise in house sales over the next three months, the highest level since the survey began in 1978.
Roger Wilkinson of Estate agents Wilkinson-Grant confirmed the news. He said; “Its very definitely the...
House prices in the South West rose by an average of 2.6% in the year to August 2013 according to figures released by the Office for National Statistics (ONS).
The average price of a house or flat in the region now stands at £230,000.
The 2.6% rise is lower than the overall UK figure of 3.8% and the 4.1% for England which are both skewed by a considerable rise in London of 8.7%. The South West figure shows the fourth highest regional rise in the UK, behind only London, the East Midlands and West Midlands.
House prices across the whole of the UK reached a new record...
The number of homes sold in the South West is at the highest level since February 2008 as the housing market recovery continues to gather pace, says the September RICS Residential Market Survey.
The average amount of properties sold per chartered surveyor in the three months to September reached 19*. Although still historically low, this figure is higher than the UK as a whole and demonstrates the extent to which the market is now picking up in the region.
In tandem with increasing numbers of sales, prices continued to grow in the South West with 46 percent more respondents...
The UK's fifth largest housebuilder has credited the Government's Help to Buy scheme with a sharp rise in enquiries.
Linden Homes said the 27 per cent year-on-year uplift during February to April included a variety of first-time buyers and second-steppers.
And the introduction of the scheme is expected to boost sales at a new housing development near Exeter which has already been exceeding expectations, with a surge in reservations for affordable homes at Cranbrook.
Westbury Homes has sold 15 properties at Otter Way in the new community in East Devon since it opened...
Husband and wife, Warren and Gemma Wilkins, are expecting a new arrival at their C G Fry & Son home, purchased under the ‘Help to Buy’ (HTB) scheme at Tregunnel Hill in Newquay, Cornwall. The couple who already have two children, Sebastian aged eight, and Oscar four, are expecting their third child imminently.
Warren Wilkins said: “When Gemma and I first moved into our new C G Fry home last summer, my father jokingly said ‘new home, new baby’, and a few weeks later we found out she was pregnant!”
Tregunnel Hill, built on Duchy of Cornwall land, boasts traditional-styled...
The final phase at Chesil Gate in Chickerell has now been released by award-winning, independent Dorchester-based developer C G Fry & Son, internationally renowned for the prestigious Poundbury development with The Duchy of Cornwall. Chesil Gate in a unique development showcasing high-quality and stylish homes, built in a traditional style in stone, brick and render to reflect the surrounding Dorset architecture.
It’s just a short bus ride to the bustling and popular holiday resort of Weymouth with all the amenities you will need as well as local attractions. Sailing...
