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

Posted on: Thursday, June 24, 2021

2021 is set to be one of the busiest sales years in over a decade

Agents report the sales to stock ratios across the South West and Wales are at a record high (RICS). Across the West of England and South Wales the annual rate of housing stock turnover is 3.2%. The most active markets are currently Cotswold and Tewkesbury.

 

West of England and South Wales annual rate of price change regional property market report map

 

Price growth strengthens

Although new instructions to the market have improved slightly in recent weeks, demand continues to outpace supply, placing sustained pressure on prices. Month-on-month average property prices are rising in all regions of the UK.

Year-on-year price growth across the South West and Wales is substantially stronger than the 2.5% and 4.5% respectively recorded this time a year ago (UKHPI). Double-digit annual price growth is evident in eleven local areas across the West of England and South Wales region. 

 

West of England and South Wales annual rate of price change regional property market report statistics

 

A seller’s market

Market activity is fast-paced. According to Rightmove, the average time taken to sell a property is 43 days in the South West, 49 days in Wales. The proportion of properties selling within their first week of listing is at a record high (Zoopla) and the average time taken to sell a property in the UK is nearly three weeks quicker than in April 2019 (Rightmove). Lifestyle change continues to drive demand, buyers also aided by the extension of elements of tax relief and the new 95% government-backed mortgage guarantee scheme, available on either new or resale properties.

 

VIEW THE FULL WEST OF ENGLAND AND SOUTH WALES PROPERTY MARKET REPORT

 

Properties for sale in the West of England and South Wales

Margate, Kent, 5 bedrooms

This Grade II Listed Former Chapel has been sympathetically restored while retaining all of its heritage and period features including vaulted ceilings, stained glass windows and an array of beautiful architectural features throughout. This property is located within easy reach of not only the beach, but also Margate Train Station, so has great transport links into London.

Cyncoed, Cardiff, 4 bedrooms

This handsome, double fronted detached family residence, retaining charm and character, is set on a rare double plot of just over half an acre of delightful lawned gardens. Key features include a grand reception hall, herringbone oak woodblock flooring, a bay fronted lounge, a spacious dining room and a large kitchen/breakfast room.

Clifton, Bristol, 5 bedrooms

This beautifully presented Grade II Listed townhouse is superbly located in Clifton Village, offering stunning outlooks over Christchurch Green to the front and over Bristol, and out to Dundry Hill to the rear. The home features five bedrooms, four bathrooms, four reception rooms, an integral double garage, a roof terrace and a south-facing terrace garden.

Contact us

Take advantage of the seller's market this summer with the best agent in your area. Contact your local Guild Member today.

 

 

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We really wanted a purchase to go ahead through Wilkes-Green and Hill as you have been the most helpful agent we have ever come across (including Newcastle, Glasgow and Carlisle cities!) and we are sorry that the time you have expended on us has been in vain...

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Thanks to you all for making the sale of Mum's house so easy at a difficult time for myself and family...

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I've bought and sold many places - leading to a low opinion of estate agents! Until you came along! Many thanks for your professionalism, hard work and continued efforts. They are very much appreciated.

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It's not very often that you come across someone so helpful and enthusiastic that it makes you smile!!Moving house was supposed to be stressful; thanks for making it so easy!! Your professionalism and hard work is much appreciated.

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You have handled the situation admirably, as have your staff...

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I would like to say again how grateful I am for all of your support since you took the property on to your books and all of the advice you have given me which was often above and beyond the call of duty. Your professionalism throughout has been excellent...

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A very big thank you to all of you for really fantastic service...definitely 5-star!

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...we would like to thank you, Gayle, Amanda and Tracy for all your help and kindness over the last 5 years, which has helped us tremendously. We also appreciate that you have gone the extra mile in several circumstances knowing that we were so far away...

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Having recently used 3 other agents I can say with hesitation that WGH are in a different league, very professional, efficient, polite and friendly. 3 other agents have marketed my house which only achieved 2 viewings in total. I had 2 viewings with WGH in the first week which I put down to their marketing skills

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WG-H couldn't have been more helpful, queries were answered immediately by professional courteous staff , and they even offered to turn the heating up in our holiday house when the weather was particularly cold. Gayle would ring us during an evening to respond to our query , if required and Amanda even paid a cheque into our bank account. What a lovely company to work with.

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Adrian and his team have been amazing from start to finish. Very polished team, with the highest standards. I have recommended them to friends and family who have also been impressed by them.

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