THE effects of Hinkley C are already beginning to be felt on the West Somerset housing market. Estate agents say the value of buy-to-let properties is on the increase and rent prices are rising as hundreds of employees move into the Somerset area to work on Europe’s largest construction project. However, although house prices are on the increase in West Somerset, experts in the sector say it is too early to draw a direct correlation with the new power plant. Simon Hawley, partner at Fox and Sons in Minehead, said that house prices from June to June in West Somerset rose by 3.6 per cent, but this was likely down to historic under-supply and high-demand, particularly for houses worth £250,000 or less.
This is the West Country 27th July 2017 read more »