House price winners and losers in the South East

The latest data from the Land Registry reveals that the average house price in the South East is currently £398,800.

On average house prices in the South East increased by 2.1% or £8,190 over the last month.

Over the last year (last 12 calendar months) average house prices in the South East increased by 15.8% or £54,460.

However, across the South East, there is a significant spread of house prices at the Local Authority level ranging from £242,700 in Southampton to £696,600 in Elmbridge.

South East average house prices by local authority

We show in the chart below the average house price for every local authority across the South East.

The three most expensive areas for house prices in the South East are:

Elmbridge where average house prices are £696,600

Mole Valley, where the average house costs £569,500, and

Waverley where you can buy the average home for £563,000

The three least expensive areas for house prices in the South East are:

Southampton where you can snap up the average home for £242,700

Portsmouth with average house prices of £252,700, and

Gosport where the average house will set you back  £257,900

South East house price winners last month (percentage)

Across the South East increased by 2.1% over the last month, however, within the South East not all house prices increased by the same amount.

Over the last month house prices in the South East increased the most in percentage terms in:

Hastings where average house prices increased by 4.4%,

Folkestone and Hythe where average house prices rose by 3.5%,

Oxford where average house prices rose by 3.5%

The chart below shows the hottest 25 housing markets across the South East where house prices increased the most in percentage terms over the last month.

South East absolute house price winners last month

When we look at the absolute (monetary) house price rises across the South East last month, we saw the biggest house price increases in: 

Guildford where house prices climbed by £17,800,

Oxford where house prices increased by £16,340,

Sevenoaks where house prices rose by £13,930

South East relative house price winners last 12 months 

House prices have increased significantly over the last 12 months in many areas of the South East. On average across the South East house prices have increased by 15.8%

The biggest house price winners in percentage terms across the South East over the last year are:

Thanet with average house prices up 22.3%,

Chichester, which has seen house prices increase by 18.8% over the last twelve months, and

Rother where house prices have risen, on average, by 18.2%

We show the top 25 housing markets, where house prices have increased the most on a relative (percentage) basis across the South East in the chart below

South East absolute house price winners last 12 months

Turning to the absolute or monetary increases in house prices across the South East over the last 12 months, on average house prices increased by £54,460. We show the areas where house prices increased the most in the South East below

Sevenoaks which has seen house prices increase by £76,320,

Waverley with house prices gains of £75,700,

Chichester where house prices have risen, on average, by £75,290

We show the South East's top 25 housing markets in terms of absolute house price increases over the last 12 months in the chart below.

South East relative house price losers last month

Unfortunately, house prices did not rise in every area of the South East last month. The biggest relative house prices losers last month were:

Lewes where average house prices dropped by 2.7%,

Gravesham where average house prices fell by 1.1%,

Adur where average house prices were down 0.6%

We show the percentage changes in house prices for each local authority across South East in the chart below

South East absolute (monetary) house prices losers last month 

In monetary terms, house prices in the South East fell or increased the least in: 

Lewes which saw house prices fall, on average, by £10,990,

Gravesham where average house prices fell by £3,410,

Adur where house prices were down £2,370

We show the monetary change in average house prices across each Local Authority across South East in the chart below:

South East relative house price losers last year

Whilst the average house prices in the South East increased by 15.8% over the last twelve months, not all areas of the South East performed as well. 

At the bottom end of the South East's annual house price table are:

Elmbridge where house prices have risen by 5.9%,

Gravesham, with average house price inflation of 6.2%, and

Winchester with house price inflation at 7.9%

We show the percentage change in house prices over the last twelve months across every Local Authority in the South East in the chart below

South East absolute house prices losers last 12 months

Finally turning to the monetary or cash changes to house prices in the South East over the last year. Average house prices across the South East increased by £54,460, but not all areas of the South East performed as well. The areas which saw the worst house price performance in the South East over the last year were:

Gravesham which has seen house prices up by £18,770,

Southampton with house prices rise of £23,080,

Portsmouth where house prices have increased, on average, by £24,900

We show in the chart below the areas of the South East with the worst absolute house price performance over the last 12 months.