We all know house prices are a national obsession in the United Kingdom. Fluctuations in the property market impact lives, and there is a great deal of interest in how prices are faring.
At Austin Property Services, we are committed to helping you make smart moves in local areas such as Weymouth and Dorchester. We know the local market well, and we stay in touch with what is happening across the country.
If you want to make an informed decision, rely on Austin Property Services.
Average property prices continue to rise
According to the recent Zoopla Price Index, the average price of a UK home is £244,100. The cost of the average house has risen by around £80,000 in the past ten years.
Zoopla highlighted the following key points in their report:
- Property prices increased by 7.8% in the 12 months to end of January 2022
- However, the rate of house price growth might be easing off
- The number of properties placed for sale in January 2022 was 5% higher than the five-year average
- However, the demand for property is still far greater than the supply of homes
Grainne Gilmore, head of research at Zoopla, says: “The sheer level of activity in the market in recent years eroded the stock of homes for sale. But the data indicates that more homes are now coming to the market, as movers and other owners list their properties - and this will create more choice for the many buyers active in the market. However, the imbalance between high demand and supply will take much longer to unwind, and this imbalance will continue to underpin pricing in the coming year.”
Of course, at Austin Property Services, we like to provide you with a local focus in the housing market.
How are house prices faring in Weymouth?
According to Zoopla, there were 728 sales in Weymouth across the last 12 months, and the average sold price for a property in Weymouth in the last 12 months is £287,994.
For the different property types available in Weymouth, the average sold price over the last 12 months are as follows:
- Detached: £414,175
- Semi-detached: £286,458
- Terraced: £248,056
- Flats: £190,265
How are house prices faring in Dorchester?
According to Zoopla, there were 526 sales in Dorchester across the last 12 months, and the average sold price for a property in Weymouth in the last 12 months is £372,512.
For the different property types available in Dorchester, the average sold price over the last 12 months are as follows:
- Detached: £568,569
- Semi-detached: £344,492
- Terraced: £332,040
- Flats: £218,276
We believe there is tremendous value for money on offer in the local area, and if you are looking for any guidance about the local housing market, we can assist you.
Contact Austin Property Services for all your housing market needs