Property prices in Cornwall have seen a significant increase, particularly in recent years, positioning the region as one of the more expensive areas in the South West of England. As of 2023, the average house price in Cornwall hovers around £300,000, which is notably higher than the average for the UK, estimated at approximately £280,000. Coastal towns like St Ives and Padstow exhibit particularly steep prices, with properties often exceeding £500,000. In contrast, areas further inland, such as Redruth and Camborne, typically offer more affordable options, with prices closer to £200,000. However, even these inland towns have experienced a rise in demand driven by the appeal of rural living, which has contributed to price hikes. Comparatively, other regions like the North East of England tend to have significantly lower property prices, where average house prices can be found below £150,000, showcasing the disparity in the real estate market across the UK.