The West Country property market has entered 2026 with a degree of underlying resilience, despite a complex and evolving economic backdrop. While global uncertainty has intensified in recent months, the position across Devon, Cornwall, Somerset and Dorset remains broadly steady, supported by consistent demand and the enduring appeal of the region’s lifestyle offering.
Bank of England Interest rates remained at 3.75%, following the April meeting, providing a measure of certainty for borrowers. However, wider economic pressures have begun to re-emerge. Ongoing conflict in the Middle East has contributed to rising energy prices, which in turn has placed upward pressure on inflation, currently standing at 3.3%. These factors are naturally influencing buyer behaviour, although they have yet to significantly disrupt overall market activity.
Against this backdrop, the housing market has shown continued stability. Activity levels have remained steady across much of the region, with buyers demonstrating a measured and considered approach. Affordability remains a key consideration, and as such, pricing strategy continues to play a critical role in securing successful outcomes. Properties marketed at realistic levels are generating interest, while those positioned above current market expectations are seeing longer marketing periods.
Encouragingly, there are positive indicators emerging as we move further into the year. Average new seller asking prices have increased by 0.8% to £373,971, according to Rightmove, reflecting a level of underlying confidence among sellers. At the same time, Stags has seen a year-on-year rise in the number of applicants registering to buy, with more than 1,200 registrations in April alone, indicating that demand remains strong and engaged.
This rise in new applicants is expected to translate into increased viewing activity over the summer months, a period which traditionally sees heightened momentum across the property market. With a broader pool of buyers entering the market, well-presented and competitively priced properties are likely to benefit from stronger levels of engagement.
Looking ahead, the outlook for the West Country property market is cautiously positive. While economic uncertainty remains, stability in interest rates and sustained demand are expected to support transactional activity. As ever, the fundamental appeal of the region, offering a high quality of life, diverse property stock and strong local communities, continues to underpin long-term confidence.
For both buyers and sellers, a pragmatic approach will be key. In a more balanced and price-sensitive market, those who align expectations with current conditions, supported by informed advice and effective marketing, are best placed to achieve successful results in the months ahead.
Contact your local Stags office today to discuss how we can support you in 2026 and beyond.
Ben Stephens, Partner at Stags, comments:
