3 Dec

South-west 'faring well' with new build house price rises

South-west 'faring well' with new build house price rises

The south-west property market has recorded significant increases on the value of new-build homes in the region, according to a report in the Times.

After collating market information for November, property website Smartnewhomes.co.uk formulated a list of the top five districts in terms of new-build house price rises.

This could be good news for estate agents in Plymouth, as Devon is one of the counties to experience gains in its real estate values.

Other areas where property prices are on the up include the north-west and the south-east.

Speaking to the newspaper, managing director at the company David Bexton commented: "The biggest turnaround has occurred in the south-west, which was second only to London for annual growth in October."

Prices in the region rose by 4.4 per cent during October to reach an average of £216,610, however, they are still down by 1.1 per cent on an annual basis.

Smartnewhomes.co.uk published the results of a survey in November, which revealed that people are becoming less hostile towards new housing development in their area amid concerns of a housing shortage.

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