New data from an analysis of the Salisbury housing market has revealed that house prices are significantly higher than both the national and regional averages.
Research, conducted by the London-based estate agent, Nest, has revealed that the UK’s average house price currently sits at £274,712, having risen by roughly £25,000 in the past year, while the average price in the county of Wiltshire is 16% higher at £319,841.
Meanwhile, the average house price in Salisbury, one of England’s most famous and historic cathedral cities, is significantly higher than the Wiltshire average at £367,654.
This means that Salisbury’s housing market is 34% more expensive than the UK’s overall market and 15% more expensive than that of Wiltshire county.
During 2021, there were 1,528 transactions in Salisbury, 27% of which were in the SP2 outcode area, 23% were in the SP4 outcode area, and 21% in the SP1 outcode area.
Alex McKechnie, Area partner at Nest, Salisbury, said, “Salisbury is one of the most picturesque and idyllic cities in England. It’s history is long and rich and its architecture, from the remarkable city cathedral to the charming medieval shops, is admired around the world. As such, it is a city of great demand from homebuyers. And yet, it is a very small place where only a limited number of homes come onto the open market.
“This high demand and low supply contributes to the very high average house price, and makes for tricky navigation for hopeful buyers – the power sits very much with the seller. But, if buyers are sure to hire the services of a good and knowledgeable local estate agent, there is still a chance to find a great deal on a dream home, not least for those coming from London where the average price is even higher still.
“To buy in Salisbury you need a healthy budget, but you also need patience and preparedness. With these three things, and a good agent at your side, you have a great chance of making your Salisbury dream come true.”