The South West offers a diverse landscape, from the popular coves of the South Coast to open rugged countryside – all at great value for money
Head of South West sales
The South West has soared in popularity recently. July brought us the most registrations we’ve seen in a single month for over nine years, while October set an all-time record for offers accepted and the number of exchanges outside of London. Primarily driven by political stability, the finalisation of leaving the EU and the Covid-19 pandemic, we have witnessed a mass exodus of city dwellers to the countryside. The South West has always been a popular location choice thanks to the availability of well-regarded schooling and transport networks, but primarily the quality of life available. Most noticeable recently is the upturn in demand for waterfront homes, while city properties in places such as Bristol and Bath have also continued to thrive thanks to the electrification of mainline rail routes to London.
New instructions for sale for properties vauled above £2m are up 23% (2020 vs 2019)
Schools / nurseries rated ofsted outstanding
THE Average size of a property sold by Knight Frank in the South West region valued between £2 million and £7 million IS 6,731 sq ft (2020)
Average age of buyers in the South West in 2020 (£2m+)
The percentage of buyers in the South West who work in the financial sector (£2m+)
Where did buyers in the South West come from? (£2m+ sales, 2020)
Since the market reopend on 13 May to November, the number of viewings for property above £2m has increased by 53% (versus the same period in 2019)
The South West area has 31 Michelin star/Bib gourmand restaurants
The average price of a property sold by Knight Frank above £2 million in 2020.
Data provided by Chris Druce, Senior Analyst, Residential Research