Over the past year, the property markets in Weymouth and Portland have exhibited distinct trends. In Weymouth, the average house price was £307,439, with terraced properties being the most common sale, averaging £263,845. Detached properties fetched higher prices, averaging £461,190, while flats sold for £201,498. Overall, Weymouth’s property prices remained stable, aligning closely with the 2022 peak of £308,730.

In contrast, Portland experienced a 4% decrease in average house prices over the past year, settling at £236,365. Terraced properties dominated sales, averaging £234,420, while detached properties and flats averaged £349,906 and £134,083, respectively. This decline brought prices slightly below the 2022 peak of £237,736.

Focusing on the DT4 8 postcode sector in Weymouth, an analysis of 201 property transactions over the past 24 months revealed a median price per square metre of £3,280. The interquartile range indicates that 50% of properties sold for between £2,760 and £3,890 per square metre.

Looking ahead, the UK housing market is projected to experience growth. Savills forecasts a 23.4% increase in UK house prices between 2025 and 2029, driven by factors such as decreasing mortgage rates, wage growth surpassing inflation, and a persistent undersupply of homes. However, this growth is expected to be uneven across regions. The northwest of England is anticipated to see the highest increase at 29.4%, while London is projected to have a 17.1% rise. The South West, which includes Dorset, is expected to experience growth below the national average.

In summary, while Weymouth’s property market has remained stable and Portland has seen a slight decline in property prices recently, the broader UK housing market is expected to grow in the coming years. However, the South West region’s growth may lag behind the national average.