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

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

 
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.
 

 

 
 
Properties for sale in the West of England and South Wales region
Tetbury Upton, Gloucestershire, 4 bedrooms

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

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

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.
 
 

 
 

Financial Services

Contact a specialist from Aston & Co Financial Services for help with finding the right mortgage.

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Jodie Skinner

From the beginning, our experience with Michael and Rhys has been brilliant. Whenever we had a question to ask or needed some additional information, they were both just a phone call away and were always happy to provide us with an answer. As first time buyers, they made us feel ...

Sue Smith

We can’t fault Aston and co in Syston, for their handling of the sale of our property. We were kept up to date weekly and nothing was too much trouble. Both Micheal and Rhys were approachable and very professional. I would definitely recommend using them for an efficient and hassle ...

Andy

Having had issues with other agents, we came to Astons who gave us an honest appraisal of our house – not overpricing it like others to gain business. Michael and Rhys are a great partnership and Rhys being local was able to provide viewers with information that other agents hadn’t. ...

Andy Freer

Recently sold our house with Aston & Co. We honestly could not have asked for more. From the moment Michael came to value the house, to the day to day communication from Rhys we have not had to chase them once. Michael and Rhys are a great partnership and a ...

V Pears

We chose Aston & Co in Syston to handle the sale of our property. We were kept up to date regularly and Michael and Rhys dealt with all matters efficiently and quickly.We would definitely recommend using them for an efficient and hassle-free move.

Gareth Mueller

We bought a house from a vendor who used Astons & Co as their agent. Rhys was helpful and professional from start to finish and regularly kept us in the loop with how things were progressing. Communication was efficient and swift all the way through.

Julie Pearson

From the first visit to value our property to the final phone call informing us of completion Rhys and Michael at the Syston office have been brilliant, down to earth, realistic with valuation very easy to get in touch with.Making everything less stressful.Regular updates were very reassuring . I would ...

Charlotte Hings

The team at Astons are great. They’re really down to earth, take time to listen and help resolve anything they can for you.Their communication is excellent as they always keep you in the loop with what is happening with your sale. They keep both seller and purchaser happy.Fees are reasonable ...

Julie Perkins

We have recently used Aston & Co to sell our property. At all times we received regular reports from them on interest and following viewings . When our property sold Astons managed the chain keeping all parties fully informed and I believe that without their input our sale would have ...

Tina Poole

Michael and Rhys handled both our sale and purchases. They had good local knowledge, their valuation turned out to be on point. Our sale viewings were nearly all on the same day and we accepted an offer very quickly. We were kept up to date regularly with that and our ...

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