πŸ“ˆ Devon & Cornwall Property Market: Summer 2025 Snapshot 🏑🌊

πŸ“ˆ Devon & Cornwall Property Market: Summer 2025 Snapshot 🏑🌊

House Prices Surge, Interest Rates Cut, Rental Market Holding Strong, New Homes Pipeline and Market Dynamics Shifting

πŸ“ˆ Devon & Cornwall Property Market: Summer 2025 Snapshot 🏑🌊

According to the latest figures:
βœ… Property prices up 6.4% in the last year (vs 5.3% regional average)
βœ… Average rent up 0.8%, now at Β£1,307/month
βœ… A huge 211,000 new homes built in Q1 2025 – creating fresh opportunities for buyers & investors
πŸ”‘ Whether you're looking to invest, relocate, or upgrade your lifestyle, the latest Guild Summer 2025 Magazine for Devon & Cornwall is packed with incredible listings, insights, and inspiration.

Let’s turn your property goals into reality this summer! 🌞

πŸ’¬ Whether buying, selling, or investing, there’s real opportunity this summer – and we're here to help you navigate it with confidence.

The Momentum Builds πŸ‘πŸ“ˆ

The latest housing market update brings a wave of positive indicators for buyers, sellers, and investors – especially across Devon & Cornwall.

πŸ”‘ Key Headlines:

🏠 House Prices Surge
β€’ National average price: Β£271,415 (↑6.4% YoY – strongest since Dec 2022)
β€’ South West up 5.3% – outperforming expectations

πŸ“‰ Interest Rates Cut
β€’ Base rate now at 4.25%
β€’ Forecast to average 3.85% by Q4
β€’ Sub-4% mortgage rates making a comeback

πŸ’Ό Mortgage Affordability Boost
β€’ Buyers can now borrow up to 13% more as lenders ease stress tests
β€’ Typical 2-year fixed rate: 4.62%, 5-year: 4.58%
β€’ Mortgage approvals stable: just 2.1% down YoY

πŸ“Š Rental Market Holding Strong
β€’ Avg rent up 0.8% YoY to Β£1,307/month
β€’ Supply remains tight, voids stable at 21 days
β€’ 3–4% rent increase forecast for 2025

🏘️ New Homes Pipeline
β€’ 211,000 completions in Q1 2025
β€’ Private completions down 13.9%, keeping demand elevated

πŸ”„ Market Dynamics Shifting
β€’ Buyer confidence rising – 53% of agents reporting improvement
β€’ May sales activity hit a 4-year high, helped by more listings (+13% YoY)
β€’ Inflation rose unexpectedly to 3.5%, but GDP growth (+0.7% Q1) signals economic resilience

πŸ“– Explore the latest homes in Devon & Cornwall:

πŸ” What It Means for You
The combination of easing mortgage conditions, strong local activity, and continued investment in housing supply creates a window of opportunity for both buyers and sellers across Cornwall.

πŸ“ž Ready to explore your options or curious about your home's value in this evolving market?

πŸ“© Whether you're planning your next move or looking to invest smartly, now is the time to act.

Let’s chat – We've got the insight to guide your next step with confidence.
#DevonProperty #CornwallHomes #UKHousingMarket #RealEstateUpdate #Summer2025 #InterestRates #MortgageNews #PropertyExpert #SouthWestLiving #GuildOfPropertyProfessionals


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