March Local market update – Salisbury Property Hub Blog
Lou Fletcher, owner at Piccolo Sales and Lettings in Salisbury gives the March local market update for Salisbury property owners and buyers:
“Salisbury has seen the highest house price growth of any other UK city. Between June 2020 and 2021 Salisbury had a 36 per cent surge in house prices, which is over three times the national average.
“According to Rightmove, properties in Salisbury had an overall average price of £325,169 over the last year. The majority of sales were terraced properties, selling for an average price of £280,427. Semi-detached properties sold for an average of £339,101, with detached properties fetching £467,274.
“Data from Zoopla indicates that the average sold price for a property in Salisbury in the last 12 months was even higher at £380,234. Zoopla lists average sold prices over the last 12 months for detached at £520,839, semi-detached at £322,938, terraced: £283,668 and Flats at £195,406.
“As with the rental market, the sales market continues to be buoyant with demand for property outstripping supply. The lack of available stock on the market is causing a level hesitancy with sellers who are reluctant to put their house on the market for fear of not being able to find anything to buy. It remains to be seen how the situation in Ukraine will impact the sales market.”
For further information contact Piccolo Sales and Lettings. https://www.piccoloproperty.co.uk/
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