Rightmove names Devon town as new price hotspot where prices have surged by £65k in a year
Tim Bannister, Rightmove’s Director of Property Data said buyers are still looking for homes by the coast.
He explained: “The rise in the number of buyers looking for a home by the coast since the pandemic started is still being felt in asking price rises nearly two years on as Brixham takes the top spot for annual asking price growth this month.
“The data shows that prices in the Devon borough of Torbay grew steadily between 2020 and 2021 as supply kept better pace with demand, but have accelerated over the last year as the number of buyers looking in the area has outpaced the homes available.
“However, a recent uptick in the number of new listings compared to last year will be some welcome news for those looking to buy in Brixham.”
Ben Strike, Valuer at Boyce Brixham, said the town of Brixham is “perfectly positioned” for buyers.
He said: “Just half an hour from Exeter and nestled on the coast between the family resorts of Torquay and Dawlish to the North and the beautiful South Hams in the other direction, Brixham is perfectly positioned to take advantage of everything that South Devon has to offer.