Date Published 30 December 2018
Yes, that is correct!
According to a recent publication of data from Zoopla which lists the top 10 ranking property hot spots across the whole of Britain, Torquay rocked in at a very respectable 7th position with a 7.05% increase in average property values between January and December 2018.
The South West region as a whole had a modest average rise of 0.38%, so while Devon and Cornwall overall are holding a steady path, more locally here in Torquay it suggests a high degree of demand in the property market.
As local agents we are not totally surprised, given the much easier access provided by the South Devon Highway link road from Newton Abbot to Lawes Bridge on the outskirts of Torquay, bringing new buyers to the area, coupled with a fairly low supply of properties available on the market.
With demand from buyers at high levels, are you may be considering selling your own property in 2019 ? It`s time to give one of the team a call to arrange your complimentary property valuation anywhere in Torquay, Paignton & the Newton Abbot and Teignbridge areas.
Call us today on 01626 240229 for Newton Abbot or 01803 611420 for Torquay
Source: Zoopla, December 2018