South West House Prices & Affordability
Monthly data sourced from HM Land Registry UK House Price Index and ONS Housing Affordability. Last updated: .
Avg Price
£305,843
▼ trending
Annual Change
+3.8%
Moderate annual price growth
HPER (2024)
8.7×
House price ÷ median earnings
Overall Score
50/100
vs all UK regions
24-Month Price Trend
Average house price — monthly, HM Land Registry
Affordability Analysis
South West sits in the middle of the UK affordability range with solid price growth — reasonable for buyers who can meet a deposit.
The house price to earnings ratio (HPER) of 8.7× means a median-priced home costs roughly 8.7 times the local median annual salary (data year: 2024). The UK average is typically 7–9×, with London often exceeding 12×.
At an average price of £305,843, South West scores 55/100 for affordability — moderately affordable. Prices have changed by +3.8% over the past 12 months (moderate annual price growth).
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Frequently Asked Questions
- What is the average house price in South West in 2026?
- The current average house price in South West is £305,843, based on the latest HM Land Registry UK House Price Index. Prices have changed by +3.8% over the past 12 months.
- Is South West affordable for first-time buyers?
- South West has a house price to earnings ratio (HPER) of 8.7×, meaning the average property costs roughly 8.7 times the local median annual salary. Moderately affordable. The UK average HPER is typically 7–9×.
- How have house prices changed in South West over the past year?
- South West house prices rose by 3.8% over the past 12 months to an average of £305,843, according to HM Land Registry data updated monthly.
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