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Britain’s ten hotspot villages where house prices have soared

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Britain’s property hotspot villages have been revealed and top-of-the-pile Malborough, near Salcombe in Devon, has seen prices almost double.

Lockdown has seen a surprise property boom – marked by deep-pocketed buyers escaping to the country – driving prices in some popular villages up substantially.

The top 10 villages listed by estate agent Savills have all seen average property sale prices rise more than 50 per cent, as demand outweighed supply in locations where homes rarely come up for sale.    

The list of top 10 villages includes Malborough, in Devon’s South Hams, Bisley-with-Lypiatt, Blockley and Shipton-Under-Wychwood, which all benefited from the Cotswold effect, and Brasted, near Kent commuter hotspot Sevenoaks. 

Do you live near one of the villages in Britain where prices have soared as revealed by estate agents Savills? These figures show how much average sale prices rose in the year to November 2020

Do you live near one of the villages in Britain where prices have soared as revealed by estate agents Savills? These figures show how much average sale prices rose in the year to November 2020

The data compiled by Savills exclusively for MailOnline looked at parishes in England and Wales with the biggest increases in the average price of homes sold. 

It should be noted, however, that as transactions within such limited areas will be low, average local price gains can be much greater than in a broad national index and individual expensive property sales can skew the figures.

While the data analysed parishes – defined as towns and villages – the list only ended up featuring villages. 

This one-bed end of terrace house in Malborough, Devon, is for sale for £300,000, via estate agents Luscombe Maye

This one-bed end of terrace house in Malborough, Devon, is for sale for £300,000, via estate agents Luscombe Maye

This may reflect the trend among buyers for more quiet outdoor spaces and greenery during the pandemic as people have faced repeated lockdowns.

Savills was keen to highlight that the small nature of parishes means that sale numbers are limited – something that has a disproportionate effect on the price increases.

The estate agent explained how that the impressive price increases during the past year did not equate to price growth – and that, rather, they show what has been seen across country markets.

This has been a search for space, with many families upsizing and a search for greenery being a top priority for many buyers.

This three-bed detached house in Bisley, Stroud, has been on the market with an asking price of £675,000 via Murrays estate agents

This three-bed detached house in Bisley, Stroud, has been on the market with an asking price of £675,000 via Murrays estate agents

PARISHES WITH THE BIGGEST PRICE RISES FROM NOV 2019 TO NOV  2020
Parish Local Authority Average second hand sale price, 12 months to Nov-20 No of second hand sales, 12 months to Nov-20 Average second hand sale price, 12 months to Nov-19 No of second hand sales, 12 months to Nov-19 1 year change in average second hand sale price
Malborough South Hams £450,275 26 £234,366 29 92.10%
Bisley-with-Lypiatt Stroud £792,500 23 £462,163 30 71.50%
Brasted Sevenoaks £1,108,002 23 £697,872 21 58.80%
Shipton-under-Wychwood West Oxfordshire £753,543 23 £474,942 26 58.70%
Blockley Cotswold £654,530 35 £421,250 37 55.40%
Marcham Vale of White Horse £529,748 29 £348,885 26 51.80%
Watton-at-Stone East Hertfordshire £546,544 21 £360,247 21 51.70%
Thakeham Horsham £741,596 26 £489,708 24 51.40%
Wanborough Swindon £560,965 24 £371,500 22 51.00%
Boldre New Forest £1,086,900 20 £720,998 25 50.70%
Source: Savills           
This three-bed cottage in Brasted, Kent, is for sale for £415,000, via estate agents James Millard

This three-bed cottage in Brasted, Kent, is for sale for £415,000, via estate agents James Millard

This three-bed in Shipton-Under-Wychwood, Oxfordshire, is on the market for £520,000, via estate agents Thomas Merrifield

This three-bed in Shipton-Under-Wychwood, Oxfordshire, is on the market for £520,000, via estate agents Thomas Merrifield 

The list of villages with the biggest increases in the average price of homes sold include Malborough, in South Hams, which has seen a rise of 92 per cent.

The village is near Salcombe and is popular among tourists, with holiday homes located throughout the area.

The average price of a property in Devon’s Malborough was £234,366 in November 2019.

Fast forward 12 months to November last year and the average value of a home in the village has risen sharply by 92.1 per cent, to £450,275. 

It is followed by Bisley-with-Lypiatt, in Stroud, Gloucestshire, where the average price of a property has risen from £462,163 to £792,500 during the same 12 months, up 71.5 per cent.

In third position is Brasted, in Kent, with values rising 58.8 per cent, from £697,872 to £1,108,002 in a year. 

Also in the top 10 are Blockley, in the Cotswolds, Wanborough, in Wiltshire, and Boldre, in the New Forest, where the average price of homes sold have risen 55.4 per cent, 51 per cent, and 50.7 per cent, respectively.  

The average price of a property in Britain has risen 2.55 per cent during the past year, or by £7, 600, to £305,397, according to property website Zoopla.

This four-bed detached house in Marcham, Oxfordshire, is for sale for £625,000, via Hodsons estate agents

This four-bed detached house in Marcham, Oxfordshire, is for sale for £625,000, via Hodsons estate agents

This three-bed detached house in Watton-at-Stone, Hertfordshire, is being sold for £950,000, via estate agents Fine & Country

This three-bed detached house in Watton-at-Stone, Hertfordshire, is being sold for £950,000, via estate agents Fine & Country

This three-bed house in Thakeham, West Sussex, is for sale for £725,000,  via estate agents Cubitt & West

This three-bed house in Thakeham, West Sussex, is for sale for £725,000,  via estate agents Cubitt & West

If you can't find a property in a location from our list, there's always a neighbouring village: This five-bed house in Hampshire's Lyndhurst is for sale for £1.5million, via Savills . It is near Boldre, which is in our list of top 10.

If you can’t find a property in a location from our list, there’s always a neighbouring village: This five-bed house in Hampshire’s Lyndhurst is for sale for £1.5million, via Savills . It is near Boldre, which is in our list of top 10.

It follows a separate Savills survey that revealed 42 per cent of its 1,100 respondents claimed proximity to a park or open space was one of their top two priorities when looking for a new home a year ago.

This has now risen to 55 per cent, driving premiums for proximity to National Parks, areas of outstanding natural beauty and other large green open spaces.

Frances Clacy, of Savills, told MailOnline Property: ‘Over the past year, there’s been a significant increase in demand for property in villages as many have looked to upsize for more inside and outside space.

‘This is the opposite to the trend we’d seen over the period since the credit crunch when towns and cities tended to outperform, which means in many cases, villages now look good value in comparison and the ability to get more for your money has further increased buyers’ desire for village life.’ 

Savills used data covering November to November as this was the most up to date Land Registry figures it had access to at the point of doing the analysis. 

This four-bed house in Wanborough, Wiltshire, is being sold for £750,000, via estate agents Richard James

This four-bed house in Wanborough, Wiltshire, is being sold for £750,000, via estate agents Richard James

This six-bed house in Boldre, in the New Forest, is on the market for £1.75million, via estate agents Spencers

This six-bed house in Boldre, in the New Forest, is on the market for £1.75million, via estate agents Spencers

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What to expect in Budget 2022? Small tax cuts and modest welfare increases

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Public spending may have rocketed over the past 20 months due to the impact of the Covid-19 pandemic but it appears that tax cuts and welfare increases will be on the table nonetheless when the Government sets out its budget on October 12th.

As Tánaiste Leo Varadkar recently said, there will be tax measures aimed at “middle-income people in particular”, as well as a welfare package to offset the impact of the rising cost of living.

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Asking price on average British home hits a record high of £338,462

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The average price tag on British homes has hit a record high of £338,462 as the competition heats up among ‘power buyers’, according to new figures.    

Average asking prices for homes increased by 0.3 per cent, or £1,091, month-on-month in September, according to figures from Rightmove. 

Wales, South West England, the East Midlands, the East of England and the South East – are experiencing annual asking price growth of more than 8 per cent.

Fierce competition continues among buyers for the low number of properties for sale.

Average asking prices for homes increased by 0.3 per cent, or £1,091, month-on-month in September, according to figures from Rightmove. Pictured: A house on sale for £340,000 in Brighton

Average asking prices for homes increased by 0.3 per cent, or £1,091, month-on-month in September, according to figures from Rightmove. Pictured: A house on sale for £340,000 in Brighton 

Rightmove added that buyers who are ready to move – including those who have already sold their own home, have cash in the bank, or are first-time buyers with a mortgage agreed – are ‘out-muscling’ those who still need to sell their home in order to buy. 

The frenzied market activity has helped to push up the average asking price of a newly-listed property to a new record for the fourth consecutive month, according to Rightmove.

The average asking price has climbed £21,389 higher in just six months to £338,447, according to the property listing website’s index.

Rightmove’s Tim Bannister said: ‘We predict that the number of completed sales will be the highest ever seen in a single month when June’s data is released by HMRC.

‘This means it’s likely that the first half of 2021 has seen a record number of moves when compared with the first six months of any other year, induced by the pandemic’s side-effect of a new focus on what a home needs to provide.’

Frenzied activity has helped to push up average property asking prices, says Rightmove

Frenzied activity has helped to push up average property asking prices, says Rightmove

It comes as it was revealed earlier this month that the prices houses are actually selling for are now 13 per cent higher than before the Covid-19 pandemic. 

The figures come in contrast to predictions from agents, who thought the end to the Covid-19 stamp duty holiday would see demand for properties dramatically fall and take heat out of the housing market.  

The Government’s stamp duty holiday, introduced when the pandemic hit last year, fuelled a rapid rise in house prices, but the stamp duty band was halved from £500,000 to £250,000 from July, and will revert to £125,000 from September 30.

Rightmove said that in the month to mid-July, asking prices rose 0.7 per cent – the equivalent of £2,374 and the largest monthly rise at this time of year since July 2007, at the peak of the boom just before the financial crisis.

The price data is based on Rightmove’s asking prices, while the data on the number of sales is a prediction of what the next HMRC transactions will show, based on Rightmove data that looks at properties being marked ‘under offer’ or ‘sold subject to contract’.

Rightmove attributed the increase to a lack of supply of homes for sale and identified a shortfall of 225,000 homes for sale which, if available, would have helped to maintain a more normal level of property stock for sale and stabilise prices.

This stark shortfall, along with frenzied buyer activity, is fuelling record high prices and leading to record lows in available stock for sale.  

The high levels of activity have continued, according to Rightmove, despite the end of the stamp duty holiday.

The stamp duty holiday, which ended on 30 June, saw no tax on the first £500,000 of a property purchase price replaced by none on the first £250,000 until the end of September. Stamp duty is due to return in full after that.

Rightmove said there is an ‘urgent need’ for low stocks of property for sale to be rebuilt so that stability in prices can return.

Rightmove said that the average value of a home in Britain currently stands at £338,462

Rightmove said that the average value of a home in Britain currently stands at £338,462

Mr Bannister said: ‘First-time buyers are currently benefitting from their sector having the most buyer-friendly conditions. Choice is still more limited when compared to the same period in 2019, but price rises are the most subdued of any sector.

‘Saving a deposit is still very hard, but 5 per cent is now an option, and with many paying rising rents, buying your own home on a lower deposit is becoming an opportunity again. The opportunity is also there for property owners to come to market, as it’s still a great sellers’ market despite the recent end of the tax holiday in Wales and its scaling back in England.

‘We’ve also seen a much more efficient housing market over the past year, with the strong buyer demand and faster churn of homes leading to a much higher percentage of sellers finding a buyer for their home, and fewer unsold homes being withdrawn from the market.

‘Buyer sentiment remains strong, and the growth in new households combined with people living longer and having changed housing needs is exacerbating long-term housing stock shortages.’

Rob Sabin, of estate agents Miles & Barr, said: ‘East Kent’s property market continues to be very active during the first six months of 2021 with buyers continuing to purchase the limited housing stock available.

Wales, South West England, the East Midlands, the East of England and the South East - are experiencing annual asking price growth of more than 8 per cent. Pictured: A house on sale for £340,000 in Bristol

Wales, South West England, the East Midlands, the East of England and the South East – are experiencing annual asking price growth of more than 8 per cent. Pictured: A house on sale for £340,000 in Bristol

‘The number of sellers coming to market has slowed as the year has progressed, which means we’ve seen the level of new listings coming to the market significantly decrease year on year, while in turn total available stock levels across the market is at the lowest we have seen in a number of years.

‘While the number of new listings has dropped, our results remained strong with 945 homes listed accepting an offer. East Kent has also seen the number of buyers looking to relocate to either the countryside or by the coast increase with a fifth of applicants registered coming from Greater London.’

Marc von Grundherr, of estate agents Benham and Reeves, said: ‘The UK property market continues to defy expectation, with house prices reaching yet another record high despite whispers of a decline in values as a result of the tapered stamp duty holiday deadline.

‘There’s no doubt the stamp duty holiday has been the catalyst for this impressive market performance. However, it isn’t the driving factor behind the intent to purchase for UK homebuyers and so a robust level of activity will remain long after it has expired. 

‘When you couple heightened demand with a severe shortage of stock, it’s very likely that property values will remain buoyant for the remainder of the year 2021 buyer frenzy reveals 225,000 shortfall in number of homes for sale.’ 

But property price growth has still seen a ‘surprising’ increase in August, with Nationwide Building Society figures placing it at 11 per cent higher than one year earlier. 

However, ONS figures released five days ago suggest the average UK house price dropped £10,000 in July.

The typical home was worth £255,535 in July, according to the Land Registry-based index – around £19,000 higher than a year earlier but significantly below the £265,448 peak in June.  

This translated to annual house price inflation slowing to 8 per cent in July, from 13.1 per cent the previous month.

In a reversal of fortune for the property market compared to the recent past, the North East is the UK’s hottest property market in terms of average price rises, with homes up almost 11 per cent in a year, while London is seeing the lowest gains at 2 per cent, ONS figures show. 

Rightmove added that buyers who are ready to move - including those who have already sold their own home, have cash in the bank, or are first-time buyers with a mortgage agreed - are 'out-muscling' those who still need to sell their home in order to buy. Pictured: A house on sale for £340,000 in Norfolk

Rightmove added that buyers who are ready to move – including those who have already sold their own home, have cash in the bank, or are first-time buyers with a mortgage agreed – are ‘out-muscling’ those who still need to sell their home in order to buy. Pictured: A house on sale for £340,000 in Norfolk 

Tim Bannister, Rightmove’s director of property data, said: ‘Competition among potential buyers to secure their next home is now more than double what it was this time in 2019.

‘To be in pole position in the race for the best property you need to have greater buying power than the rest of the field.

‘That traditionally would mean deeper pockets to outbid other buyers, but in the most competitive market ever, today’s ‘power buyers’ also need to have already found a buyer for their own property, or to have no need to sell at all.

‘Agents report that buyers who have yet to sell are being out-muscled by buyers who have already sold subject to contract.

Pictured: A house on sale for £340,000 on Washington Road in Leicester

Pictured: A house on sale for £340,000 on Washington Road in Leicester 

‘Proof that you are mortgage-ready or can splash the cash without needing a mortgage will also help you to get the pick of the housing crop.’

But there are signs of a re-balancing in the housing market. In the first two weeks of September, the number of new listings was up by 14% compared with the last two weeks of August.

Rightmove said a wider choice of properties should also encourage more homeowners to come to market as the number of potential onward purchases grows.

Mr Bannister continued: ‘This 14% increase in the number of new sellers coming to market in the first half of September is only an early snapshot, but autumn is traditionally a busy period, as those owners who have hesitated thus far during the year see the few months before Christmas as an opportunity to belatedly get their moving plans under way.’ 

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Zappone turns down invitation to appear before committee to discuss envoy role

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Former minister Katherine Zappone has turned down an invitation to appear before an Oireachtas committee to explain the circumstances surrounding her now-scrapped appointment as a special envoy.

The chair of the Oireachtas Committee on Foreign Affairs Charlie Flanagan confirmed on Monday that Ms Zappone had declined an invitation to attend to discuss the matter.

The committee, which met last Wednesday in private session, agreed to write to the former minister and invite her to appear before it.

It is understood the decision was taken at a private meeting after it was proposed by Sinn Féin spokesman on foreign affairs John Brady and his Social Democrats counterpart Gary Gannon.

The committee is also to invite Martin Fraser, the secretary general of the Department of the Taoiseach and the State’s highest-ranking civil servant, to address the issue of precisely when Ms Zappone’s name was communicated to the Department of the Taoiseach.

Controversy erupted over an attempt by Minister of Foreign Affairs Simon Coveney to appoint Ms Zappone as a special envoy for freedom of expression and LGBTQ+ rights.

Mr Coveney – who is attending UN meetings this week in New York – last week faced down a motion of no confidence as a result of his handling of the matter.

Earlier this month, Mr Coveney told the Oireachtas Committee Ms Zappone was mistaken in her belief she had been offered the job last March.

Mr Coveney also rejected claims that Ms Zappone lobbied for the position or that he breached Freedom of Information legislation by deleting texts between himself and Tánaiste Leo Varadkar.

However, Mr Coveney apologised for “sloppiness”, and for making mistakes in the past few weeks.

Records released by the Department of Foreign Affairs show Ms Zappone texted Mr Coveney to thank him on March 4th “so, so much for offering me this incredible opportunity”.

In mid-July she sent another message of thanks but Mr Coveney has insisted nothing had been formally agreed until it came to Cabinet on July 27th.

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