Looking back – Witney property prices have performed well above average in recent times

I recently wrote about the benefits of living and working in West Oxfordshire and, in particular, Witney. I thought it would be worth reflecting on how the property market has performed and look in detail at the Witney market. Over the last 10+ years, it’s unsurprising that the South-East has been the best performing region excluding London:

witney-property-performance

Focussing in on Witney reveals a more interesting and perhaps surprising picture – in 2016, Witney has achieved almost DOUBLE the growth of the South-East and comfortably outperformed the well-known property hotspot of Oxford:

growth

So what lies in store for 2017? Only time will tell, but average prices are up 11% this year and a whopping 36% over 5 years whilst sales volumes are unchanged on the previous year with 718 sales completing (average price £304,356). For those with deeper pockets, the top transaction in the previous 3 months was £1.13m spent on a property in Back Lane.

For the full picture, speak to your award-winning local experts on 01993 708638.

 

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