Plymouth Property Prices outperform Exeter by 69% in the last 12 months

I noticed in last week Evening Herald that a there has been a little bit of competition between the two cities in Devon on which one thinks it is the best. I have therefore decided to add my two pence worth to the debate by comparing the property market in Plymouth and Exeter.

The average price of a property in Plymouth is £186,111 while Exeter is 35.9% more expensive at £253,002. I am sure that this does not surprise that many people that Exeter is a more expensive than Plymouth.

However what is surprising is that property prices increases in Plymouth have outperformed Exeter in the last year. Plymouth prices have risen by 10.41% in the last year, while Exeter prices have increased by 69% less than Plymouth and only risen 3.15%. Even if we look at property prices increase over the last 5 years then Plymouth has still outperformed Exeter by 20%.

As we all know capital growth is only one part of the property investment picture. Looking at the yield of the property is the other part. Looking at the average yield of property in Exeter which is 3.7% and comparing this to average yield in Plymouth which is 4.8%. Again this will not surprise many people either as the more expensive the property prices the lower the yield.

You can all draw your own conclusions from this but i know which city i would rather invest in.

If you are considering purchasing a property in Plymouth, it is worth coming and seeing us at our office so we can look at where will be the best for you to invest to make the most of your money.

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