The relationship between crime rates and property values is complex, but generally, lower crime rates tend to positively influence house prices. In Portskewett, Monmouthshire, the crime rate stands at 35.3 incidents per 1,000 residents. This is significantly lower than the UK average of 91.6 per 1,000, suggesting a relatively safe environment.
Beyond the overall crime rate, the property crime rate is also a relevant factor. Portskewett's property crime rate is recorded as 10.0 per 1,000 residents. Again, this is a lower figure than what’s typically seen across the UK. While the direct correlation isn’t always straightforward, lower property crime rates often indicate a greater sense of security and desirability for potential homeowners, which can translate to higher property values.
It's also important to consider Portskewett’s safety score, which is an impressive 87 out of 100. This score, significantly higher than the UK average of 79, further reinforces the perception of safety and contributes to a more favourable environment for property investment and ownership.
However, it's crucial to remember that crime statistics are just one piece of the puzzle. Factors such as school quality, local amenities, transport links, and broader economic conditions also play a crucial role in determining property values. A low crime rate can certainly be a draw for buyers, but it shouldn't be the sole basis for a property decision. Prospective buyers should also consider the overall affordability of the area and future development plans that might impact the local environment. Furthermore, comparing these figures to trends over time, even within the limited data available, would offer a more comprehensive understanding of Portskewett's property market dynamics.