EAST DEVON’S DEVELOPERS REAP THEIR STRATOSPHERIC REWARDS – DOUBLE REGIONAL AND NATIONAL FIGURES
“The growth of house prices since the Brexit referendum has bucked the national and regional trend, statistics show.
In the two-and-a-half years before the UK voted to leave the EU, the average house price went up by 9.1 per cent from £251,778 to £303,162, Land Registry figures show.
In the same time period after the vote, prices went up by 18.4 per cent.
This is in contrast the regional and national picture.
House prices in the South West increased by 17.7 per cent in the two-and-a-half years before the referendum but only grew by 7.7 per cent in the same period after the vote.
This downward trend is matched nationally, where property prices prior to the referendum grew by 19.6 per cent and in the 30 months after, growth fell to 6.1 per cent. …”