February 4, 2023

House Prices and U.K.’s hotspots are revealed.

Bath has been named the biggest property hotspot across the UK, with increased competition pushing asking prices up by more than 15% over the last year. Across the top ten city hotpots, the average increase in asking prices is 12.6%, outpacing the current national average of 9.9%. Initially, the supply of homes available kept up with some of this surge in demand, steadying asking prices. Now there is a higher demand for places like Bath, Plymouth and Truro which has led to prices increasing majorly. Competition has more than doubled in Exeter over the last year (+110%), the biggest increase of any city. Lancaster is the second competition hotspots (+100%) and Worcester is third (+99%).

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The real question is will house prices ever fall?

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