Book a Property Valuation
logo

Regional Property Market Update Spring 2021: West of England and South Wales

Posted on: Thursday, February 25, 2021


At 7.0% and 8.5% respectively, average annual price growth in Wales and the South West is significant. In both areas growth is currently stronger than at any point in the last four years. Five areas of the South West are currently experiencing double-digit price growth. Caerphilly is the strongest performing area in South Wales. Properties are selling more quickly than a year ago.

 

Annual price growth has strengthened across the UK in recent months

West Midlands England and Wales regional property market report house price growth

 

Most active housing markets across the West of England and South Wales region

Average property prices in the South West and Wales are more expensive than a year ago and activity across the market is robust. On average 3.4% of private properties are sold each year, with turnover in Tewkesbury more than 4%. Over 14,800 new homes were registered for sale during 2020, and nationally registrations have been on an upward trend since September.

First-time buyers were particularly affected by the closed housing market and the stricter mortgage lending that followed. However, buyer numbers have recovered steadily, with transactions just 2% lower year on year during the final six months of 2020 (UK Finance). The number of High Loan-to-Value (LTV) mortgage products has also increased, Moneyfacts reporting there were 169 products available at 90% LTV in January, over double the number available back in July. Lending rates remain low, the average mortgage rate the lowest in history.

 

Spring 2021 property maket update - West Midlands and Wales region table

 

VIEW THE FULL WEST & SOUTH WALES REGIONAL REPORT

 

 

Properties for sale in the West of England and South Wales region

Tetbury Upton, Gloucestershire, 4 bedrooms

gloucestershire costwolds stone house with sage green door

Bay Tree Cottage is a modern semi-detached cottage style home built in 2002, situated in the charming hamlet of Tetbury Upton and enjoying a large south-west facing garden to the rear. The property, constructed with natural Cotswold stone, offers excellent accommodation arranged over two floors to include four bedrooms, two reception rooms, a kitchen-breakfast room and an integral garage.

 

Yeovil, Somerset, 5 bedrooms

somerset stone built dream country home in england

This Grade II Listed detached period house is ideally situated in Yeovil, where there is an excellent range of shopping and business facilities, as well as a mainline rail station and excellent road links. The house itself benefits from five bedrooms, a swimming pool with a sauna, a kitchen-breakfast room with adjoining boot room, a self-contained two-bedroom annexe and a games room.

 

Newport, Wales, 5 bedrooms

wales newport white country farmhouse

This stunning five-bedroom period home is nestled away in a peaceful position, surrounded by mature private gardens within 4.12 acres of land, ample parking and garages. Extended around twenty-five years ago, this home offers a wonderful space for modern and rural living, with space for home-working or multi-generational living in a self-contained annexe. For commuters, Bristol and Cardiff are a commutable distance away and London is two hours away by train.

 

Contact us

If you want independent guidance on moving home or are looking for the best agent in your area, find your local Guild Member today.

 

 

BOOK A VALUATION

 

 

What Our
Clients Say

"

I would highly recommend Hardings. Their knowledge of the local area is outstanding, and they give honest and reliable advice. They have always been my partner of choice when buying and selling.

Rhiannon Prothero

"

Have used Hardings for many year on both personal and commercial property deals. Have always found them to be transparent, honest, authentic, and a pleasure to work with. Will continue to use in the future.

TB

"

I would highly recommend Hardings Estate Agents. They have excellent knowledge of Windsor and the surrounding areas, and are extremely professional, responsive and courteous. I would not hesitate to using them again the future. I recently dealt with Milica who was instrumental in securing us our new home in Windsor as well as the sale of our existing property. She was a fab negotiator and a real pleasure to work with from beginning to end. Thank you!

Jonathon Beresford

"

Hardings of Windsor managed our purchase with complete professionalism and went over and above in my opinion to manage the transaction and chain, resulting in a really smooth purchase. Milica at Hardings constantly provided timely updates and managed respective solicitors and the chain effectively, always responding quickly to queries. The whole transaction would not have happened without Milicas' focus on making all parties comfortable and satisfying all queries, not only professional but a delightful and welcoming personal approach that was a constant throughout. Thanks Hardings! Thanks Milica!

Stuart Blatch

"

I would recommend using Hardings estate agents when buying or selling your property. Dominic (Scully) was always available, helpful and genuinely interested in my purchase and always calm and compassionate. If I ever move again my first choice will be Hardings.

Cath Powell

"

Dom and the team at Hardings were so helpful and efficient when I purchased my flat - friendly and professional service and kept us up-to-date the whole way through the process. It was my first time buying and so was very nervous but they helped me feel at ease.

Freppell

"

We bought and sold through Hardings and can't recommend their professional service enough. The whole Team are really lovely, we were kept informed throughout the process and never had to chase anything.

Natalie Quint

"

I used Hardings when I bought my property as well as when I sold it and the service has been fantastic both times. I very much recommend Hardings!

Therese Jouini

"

We recently purchased our new home with Hardings Estate Agents. The whole team there were very helpful and flexible with us, arranging viewings quickly on the same day. They were always quick to respond and if ever our point of contact was not there, the service did not change as they work well together as a team. We received a personalised service, which allowed the sale to proceed quickly. Thank you all and we recommend Hardings Estate Agents without hesitation.

Mike B

"

What a pleasure it was to deal with Milica from Hardings. She sourced the perfect property for me and my family (while we were still abroad) and worked endlessly to put the deal together. I would give more than 5 stars if at all possible!

C D

"

Fantastic customer service and made what could have been stressful a total breeze. Dominic and Louisa were brilliant in helping me and my parents buy and sell our houses - reliable, helpful and thoughtful. Thank you!

Eloise Harris

"

Thank you, Dominic and Louisa - having not moved for over 30 years you helped me all the way, step by step. You were always polite, communicative, reassuring and very supportive. Would recommend Hardings wholeheartedly.

Anna Bowen
How Much is Your Property Worth?

How Much is Your Property Worth?

A senior member of our sales team will visit your property to discuss current market trends and how your home; based on size, condition and location should be pitched to achieve the best possible price and buyer. Coupled with an excellent understanding of the local market we do a detailed analysis of what else has sold and what is coming onto the market so we can give you the best chance to capitalise on your biggest asset.

Book a Valuation