The OBR (Office for Budget Responsibility) predict that house prices will increase by 3.4% during 2017. This would make the average home across England and Wales £236,890 by the end of the year, a rise in value of £7,789. Read more
Monthly Archives: January 2017
The balance of new build flats and houses swings dramatically over time at the national level. While we would expect to see differences between localities based on their size, setting and the dynamics of their local population the impact of government policy on the type of homes we build is highly significant. Read more
The latest data from the ONS suggests that the volume of property transactions in Oxfordshire have plummeted. Across the County as a whole, 26% fewer properties have been sold than 12 months previously whilst values have risen in line with inflation and crept up +2.7% to an average of £356,262. This compares with a average price of £243,339 (up +5.3%) across England.
As always, the picture differs significantly around the County with some noticeable headlines:
- For the first time, average prices in South Oxfordshire (£416,226) have exceeded those of the City (£414, 612).
- Oxford City was the only district to see an increase in transactions (+9.6%)
- Vale of the White Horse saw a staggering -36.9% drop in transactions
- South Oxfordshire values grew the most (+5.8%) and West Oxfordshire the least (+0.1%)
- Nearby Cotswold District saw prices rise +12.6% to £393,557, the 5th highest rise in England
Drilling into the detail for West Oxfordshire, the latest Land Registry data shows property prices rising 4% over the last year against a 7% drop in transaction. In Carterton, compared with 12 months previously, values are up +12% against a -19% drop in houses sold.
 12 months to November 17
Over the last five years, house prices in Witney have grown 37%!
Click here to see MORE of the latest trends in the UK housing market, with a detailed focus on Witney.