At Austin Property Services, we know how vital it is to look at the housing market as a whole, as well as locally. We are estate agent specialists in Weymouth, and surrounding areas. We know what local buyers want, and what vendors need to connect with these buyers.
We also pay attention to what is happening across the country. This ensures we help you make informed decisions, whatever move you intend making.
House prices continuing to rise across the country
The February data from the UK House Price Index for February 2022 indicates that on average, property prices rose by 0.5% in the month between January 2022 and February 2022. The annual increase of 10.9% means the average property in the United Kingdom holds a value of £276,755.
For the English property market, there was an increase of 0.9% in the average house of prices between January 2022 and February 2022. The annual price increase in England of 10.7%, is just less than the UK increase. The average property value in England stands at £295,888; which is greater than the average property value across the United Kingdom.
According to the UK House Price Index for February 2022, the average price of property in the South West of England stands at £312,697. This presents a 12.5% increase on the February 2021 figure, and a 1.2% increase on the January 2022 figure.
Average property price by type across England
- Detached properties hold an average price of £469,095 representing an annual increase of 14.4%
- Semi-detached properties hold an average price of £281,313 representing an annual increase of 11.3%
- Terraced properties hold an average price of £238,145 representing an annual increase of 8.7%
- Flat/maisonette properties hold an average price of £250,047 representing an annual increase of 7.8%
How is the Weymouth housing market faring?
According to Zoopla, the breakdown of property type prices in Weymouth is as follows:
- Detached: £414,175
- Semi-detached: £286,458
- Terraced: £248,056
- Flats: £190,265
In the past 12 months, the same source says there have been 728 property sales in Weymouth, and that the average sold price is £287,994.
The average price of flats and detached properties is less in Weymouth than it is for England as a whole, while the average price of terraced and semi-detached properties is greater than the English average.
If you are looking for guidance in the Weymouth property market, or for property in surrounding areas, we are more than happy to assist you.
At Austin Property Services, we are local housing market specialists, and we aim to provide you with the expertise and guidance you require when making a move in the housing market.
Contact Austin Property Services for all your housing market needs