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 The south-west of England is still attracting investors despite concerns about further interest rate rises.
Interest rates have gone up three times this year and are widely expected to increase again in August or September.
However, investors remain confident about the long-term stability of the housing market, especially in areas like the south-west, which have seen rapid price inflation in recent years.
"Despite recent reports of a slowdown in the buy-to-let sector, the market remains buoyant," said Caroline Hill of Barratt Homes, which has a number of new developments in the south-west.
"The majority of our buyers plan to move in to the property they purchase, however our developments attract investors because of their desirable locations, high specification fixtures and fittings and well designed layouts."
The south-west has been a popular destination for people looking to relocate, especially from London.
The resultant influx of new residents has pushed up prices, leaving some local people unable to afford to buy.
Quick property sales expert Julian King says, "Although there maybe an influx of investors from outside the South West, this will only account for a small percentage of all transactions.
Mr King is a director of the UK's leading fast purchase property firm National Homebuyers. The company offers to purchase properties for vendors who need a quick home sale. He adds, "This causes a knock-on effect. House prices rise because a tiny amount of buyers have cash to spend, but this means that there are thousands who are unable to sell their property because of the unhealthy asking price.
"Thousands of homeowners are lulled into the false belief that they are able to attain substantial amounts for their property. In reality, this means that because the asking price is so high and the number of available buyers is so low, they will be looking sell their property via an alternative route to the open market, as it is not producing the viewings required to achieve a sale."
National Homebuyers purchase hundred of properties in the South West from homesellers who find that the traditional open market route through an estate agent does suit their needs of selling their property at the right price or at the right time.
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