Property Data in Our Area

December, 2019

Property Data in Our Area

Rightmove research shows that two thirds of moves are due to life events (marriage, birth, divorce, death, job relocation, retirement, etc). The remainder are those who want a better/bigger home or are buying an investment.

The fundamentals of the sales market remain sound with homeownership still the most desired tenure for many people.

Demand for property remains high with buyers looking for quality, strong locations and fair prices. Low mortgage rates and the availability of Help to Buy have helped underpin confidence. In particular, new homes hold a special appeal as buyers seek the convenience of purchasing a home that will not require updating or upgrading. The table below shows how house prices have changed over time across our region.

  First Time Buyer: 1-2 bedroom properties Second Stepper: 3-4 bedroom properties
REGION Q3 2019 1 Yr Change 5 Yr Change Q3 2019 1 Yr Change 5 Yr Change
Warwickshire £189,493 -3.6% 18.9% £278,806 1.3% 21.0%
Worcestershire £171,877 2.0% 20.7% £255,182 2.9% 19.6%
Gloucestershire £200,226 2.3% 25.3% £297,293 0.4% 21.3%
Oxfordshire £268,475 -1.2% 18.8% £388,845 -1.3% 11.9%

Source: Rightmove

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