The average property price in South West region is £332k. The average price increased by £37.8k (13%) over the last twelve months. The price of an established property is £333k. The price of a newly built property is £330k. There were 76.1k property sales and sales dropped by 16.2% (-15.3k transactions). Most properties were sold in the £300k-£400k price range with 15602 (20.5%) properties sold, followed by £200k-£250k price range with 13090 (17.2%) properties sold.
South West region | England and Wales |
|---|---|
£332kaverage property price | £332kaverage property price |
13%average price percentage change | 10%average price percentage change |
£37.8kaverage price change | £30.7kaverage price change |
This price map shows the average property price in a given county between June 2020 - May 2021. The most affordable place was 'Devon' with the average price of £302k. The most expensive place was 'Dorset', £373k.
| County | Average price | % of South West avg. price (£332k) | |
|---|---|---|---|
| Bristol | £354k | 106% | |
| Cornwall | £318k | 96% | |
| Devon | £302k | 91% | |
| Dorset | £373k | 112% | |
| Gloucestershire | £345k | 104% | |
| Somerset | £335k | 101% | |
| Wiltshire | £317k | 96% | |
Comparison of the average property price and an average price percentage change by region. Price % change compares the average property price between June 2020 - May 2021 to the average price in the previous 12 months. The size of the circle shows the number of property transactions. The bigger the circle the higher the sales volumes in region.
Average price percentage changeWith the average price of £332k, South West is the 4. most pricey region out of 10 England and Wales' regions.
shows a number of properties sold in a given price range between June 2020 - May 2021.
| Property price range | Market share | Sales volumes |
|---|---|---|
| █ under £50k | 0.1% | 41 |
| █ £50k-£100k | 2.1% | 1.6k |
| █ £100k-£150k | 7.2% | 5.4k |
| █ £150k-£200k | 14.6% | 11.1k |
| █ £200k-£250k | 17.2% | 13.1k |
| █ £250k-£300k | 15.2% | 11.6k |
| █ £300k-£400k | 20.5% | 15.6k |
| █ £400k-£500k | 10.2% | 7.8k |
| █ £500k-£750k | 9.0% | 6.8k |
| █ £750k-£1M | 2.4% | 1.9k |
| █ over £1M | 1.4% | 1.1k |
June 2020 - May 2021
June 2020 - May 2021
Yearly average nominal house prices adjusted for inflation.
Yearly average nominal prices
Yearly average nominal prices per square meter.
Yearly average nominal prices
Yearly average nominal prices. Graphs shows a difference between house prices of newly built properties and house prices of established residential properties.
Yearly average nominal prices
| Region | Median house price to median salary ratio in 2019 |
|---|---|
| Wales | 5.7 |
| East Midlands | 6.7 |
| West Midlands | 6.9 |
| England and Wales | 7.7 |
| South West | 8.6 |
| South East | 9.7 |
| London | 12.8 |