What next for West Oxfordshire property values?
The interesting times in which we live continue; political uncertainty, continued ultra-low interest rates and the creeping rise of inflation are all having an impact on local property prices. Focussing on Witney and Carterton and specifically looking at houses (excluding new builds) sold over the last 5 years, it’s interesting to note that there has been a see-saw effect:
Over the last 12 full months there have been 643 sales in Witney which is a huge 19% fewer than the previous 12-month period. The average sales price was £315,153. Of those properties sold, 21% were flats and in the previous 3 months just 2% of sales were new builds.