Real Estate in Exeter, England
Last updated on Nov 09, 2024
Summary: The most desirable neighborhoods in Exeter, UK are St Leonards, Heavitree, St Thomas, and Exwick. The average cost to buy a nice 2 bedroom home in Exeter is around £250,000 (approximately $320,000 USD). The average cost to buy a nice 3 bedroom home in Exeter is around £300,000 (approximately $385,000 USD). These properties typically include modern amenities such as central heating, double glazing, and fitted kitchens. There are no restrictions on foreign ownership for properties in Exeter. An expat looking to buy a home in Exeter should begin by researching the local market and familiarizing themselves with the different neighborhoods. They should also consider their budget and what type of property they are looking for. It is also important to consult with a local real estate agent who can provide advice and assistance in finding the right property.
How do I find a place to live in Exeter?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Exeter is a great place to live, with plenty of options for housing. You can start your search by looking at local estate agents, who can provide you with a range of properties to rent or buy. You can also search online for rental properties, or use websites such as Rightmove or Zoopla to find properties for sale. Additionally, you can look for shared accommodation on websites such as SpareRoom or EasyRoommate. If you are a student, you can also look for student accommodation through the University of Exeter or other local universities," said one expat who made the move to Exeter.
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Click connect to have our partner contact you via e-mail and/or phone.
What is a typical expat home or apartment like in Exeter?
"Expat homes and apartments in Exeter are typically modern and spacious, with plenty of natural light. Many of the apartments are located in the city centre, close to shops, restaurants, and other amenities. The apartments are often equipped with modern appliances and furnishings, and some even have balconies or terraces with views of the city. Expats can also find homes in the suburbs of Exeter, which offer more space and a quieter atmosphere," said one expat in Exeter.
What is the average cost of housing in Exeter?
If you are thinking about moving to Exeter, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Exeter is relatively high compared to other cities in the UK. The average cost of a one-bedroom apartment in Exeter is around £1,000 per month, while the average cost of a three-bedroom house is around £1,500 per month. Prices can vary depending on the area and the quality of the property," explained one expat living in Exeter, England.
Should I buy or rent a home in Exeter?
If you have not spent a lot of time in Exeter, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Exeter can be a great investment, as the city is known for its strong economy and high quality of life. However, it is important to consider your financial situation and lifestyle before making a decision. Renting can be a great option if you are looking for flexibility and don't want to commit to a long-term mortgage. On the other hand, buying a home can provide you with more stability and the potential for long-term financial gain. Ultimately, the decision to buy or rent a home in Exeter, UK should be based on your individual needs and preferences," said one person in Exeter.
What do I need to know when buying property in Exeter?
When we asked expats what advice they would give a foreigner before buying a property in Exeter, they said:
"When buying property in Exeter, it is important to research the local area and the property market. Consider the local amenities, transport links, schools, and other factors that may affect the value of the property. It is also important to get a survey done to check for any structural issues or damp. Make sure to get a solicitor to check the legal documents and contracts, and to ensure that the property is free from any legal issues. Finally, it is important to get a mortgage pre-approval before making an offer on a property," remarked one foreigner who made the move to Exeter.
Are foreigners allowed to own property in Exeter?
When we asked expats what advice they would give a foreigner before buying a property in Exeter, they said...
"Yes, foreigners are allowed to own property in Exeter. Non-UK citizens are able to purchase property in the same way as UK citizens, as long as they have the necessary funds and meet the criteria set out by the UK government. Foreigners may also need to obtain permission from the Home Office before they can purchase a property in the UK," explained one person living in Exeter, England.
What appliances are typically included in a rental?
We asked foreigners in Exeter what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Exeter typically include a refrigerator, oven, washing machine, and dryer. Other common appliances may include a dishwasher, microwave, and toaster," explained one person living in Exeter, England.
Additional Information about Searching for a Home in Exeter:
We asked foreigners in Exeter what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats looking for homes in Exeter can search online for property listings, or contact local real estate agents for assistance. They can also search for rental properties on websites such as Rightmove or Zoopla. Additionally, expats can look for housing options in local newspapers or on social media platforms such as Facebook or Twitter," wrote one expat who made the move to Exeter.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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