'There is a wonderful lifestyle to be had!' Research highlights Shropshire's 'enduring appeal' as estate agents reveal 25-year housing trends
It will surprise no-one to hear that house prices have exploded in Shropshire over the past quarter of a century.
And now the Telford office of estate agents Savills has conducted research that gives a fascinating picture of the housing market.
It has been open 25 years and has been delving into its archives to mark the milestone.
Mainstream house prices throughout Shropshire, according to Savills data, have increased by more than 300 per cent since 1998, with a 31.3 per cent jump in the last five years alone.
The figures show that the average second-hand house sale in the 12 months to January 1998, within the county as a whole, was £65,214, whereas in the 12 months to January 2023 the average was £283,383.
The 302.5 per cent increase in second-hand sale price over the 25 year period is 59.3 per cent more than the change across the wider West Midlands region (243.2 per cent) in the same time-frame.
Two areas that have seen some of the biggest jumps in average second hand sale prices in Shropshire during the last quarter of a century are Claverley (277 per cent) and Woore – where the average second-hand sale price of £615,114 represents a 373 per cent increase in the last 25 years.
The average cost of a home in Wem in the 12 months to January 1998 was £125,799, a figure that has since trebled.
In the 12 months to January 2018, average second-hand sale prices across Shropshire had increased by over 230 per cent (230.8 per cent) from 1998 to £215,770.
