Exmouth median property price tripled over last 25 years, data shows

The median price paid for a residential property in Exmouth has tripled over the past 25 years even after adjusting for inflation, according to Office for National Statistics data.

The median Exmouth property cost £99k in 1997 compared with £315k in December 2022, a rise of 318 per cent.

The 1997 price was actually £57k, but adjusting for inflation to get its cost if it were sold in 2022 brings it up to £99k.

Exmouth has consistently been below the England and Wales median property price, however.

The data shows a steep rise between 2000 and 2007, then a dip from 2008 to 2013, followed by a steady climb.

This broadly reflects the early-2000s national housing bubble, in which there was a growing population, fewer homes being built and a rising supply of mortgages. 

The bubble burst when the UK property market crashed in the 2008 recession, after which it steadily recovered. It took another, smaller hit in the Covid-19 pandemic.

Click here to see the ONS data. We adjusted for inflation using the ONS CPI index.