New data reveals huge surge in Gloucestershire house prices

Research shows that house prices in Gloucestershire have spiked by a shocking 74 per cent between May 2013 and May 2023, with Tewkesbury seeing the largest rate of inflation in the market.

By Kaleigh Pritchard  |  Published
A remarkable 74 per cent price increase has been recorded in the Gloucestershire housing market in the last decade.

Recent data from the government's HM Land Registry has revealed that house prices in Gloucestershire have seen a staggering 74 per cent surge in the last decade.

This means the county has seen one of the highest increases in house prices across the UK between May 2013 and May 2023, now ranking eighth out of 42 counties analysed in England for the most significant inflation in the market.

Despite its flooding tendencies, Tewkesbury had the most noticeable change in prices, with an increase of 80 per cent in property values in this time period.

According to research, the average price in the town has soared from £201,000 to an eye-watering £363,000 in just ten years.

The report from Fast Skips also listed the top five areas across Gloucestershire which have seen significant price hikes in recent times, including the city of Gloucester, the Forest of Dean, Cheltenham and the Cotswolds — all with at least a 71 per cent increase.

Due to the cost-of-living crisis and the post-Covid economic uncertainty, this data may present a challenge to those wishing to get on the property ladder in Gloucestershire.

However, prompted by an increase in skip hires, Fast Skips' research also suggests those already firmly on the ladder may be turning to home renovations as opposed to re-entering the stressful process of selling and buying.

Commercial director for the company, Fredric Ward, said: 'We've seen a 55 per cent rise in skip hire purchases across Gloucestershire over an 18-month period. This spike suggests that property renovation is becoming an attractive and affordable alternative for homeowners seeking to maximise their investment returns without navigating the competitive real estate market.'

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