SALES NEWS: Exeter “is driving force behind region’s strong housing market”
There is good news for those living, buying or investing in housing in the south west, as the region is tipped to be the best-performing part of the UK over the next five years.
BNP Paribas, an international bank with a respected housing research division, says house prices across the whole region will rise by 39 per cent by the end of 2020 – that’s an average of just under nine per cent per year.
Each part of the region will perform differently, of course, and estate agents with strong local links will advise sellers and landlords on appropriate pricing and strategies.
But BNP Paribas identifies Exeter and Bristol as two strong local economies serving as the driving forces behind the region’s overall good performance.
The bank predicts that our region will see larger proportionate price growth than London or the south east, which have previously the country’s best performers.