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Birmingham Post
Birmingham Post
Business
Hannah Baker

UK property market: South West sees biggest yearly jump in house prices in England

The South West has seen the biggest rise in house prices in England over the last year, new data from Rightmove suggests.

Average property prices in the region hit £379,956 last month - up 13.5% on the same time in 2021. In March alone, the cost of the average property in the West Country rose 2.7%.

Rightmove said all nations and regions across the UK had reached new record price highs for property for only the second time since 2007.

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