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 £402,500.
On average house prices in the South East decreased by 0.5% or £1,880 over the last month.
Over the last year (last 12 calendar months) average house prices in the South East increased by 10.0% or £36,660.
However, across the South East, there is a significant spread of house prices at the Local Authority level ranging from £251,500 in Southampton to £740,400 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 £740,400
Mole Valley, where the average house costs £592,700, and
Waverley where you can buy the average home for £581,000
The three least expensive areas for house prices in the South East are:
Southampton where you can snap up the average home for £251,500
Portsmouth with average house prices of £256,300, and
Gosport where the average house will set you back £258,000
South East house price winners last month (percentage)
Across the South East decreased by 0.5% over the last month, however, within the South East not all house prices decreased by the same amount.
Over the last month house prices in the South East increased the most in percentage terms in:
Arun where average house prices increased by 2.5%,
Basingstoke and Deane where average house prices rose by 2.4%,
Isle of Wight where average house prices were up by 2.3%
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. Do you live in one of the South East's hottest housing markets or one of the coldest?
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:
Mole Valley where house prices climbed by £9,820,
Arun where house prices increased by £9,360,
Basingstoke and Deane where house prices rose by £8,730
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 10.0%
The biggest house price winners in percentage terms across the South East over the last year are:
Rother with average house prices up 16.6%,
Milton Keynes, which has seen house prices increase by 16.2% over the last twelve months, and
Tunbridge Wells where house prices have risen, on average, by 15.8%
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 £36,660. We show the areas where house prices increased the most in the South East below
Mole Valley which has seen house prices increase by £67,110,
Tunbridge Wells with house prices gains of £66,870,
Waverley where house prices have risen, on average, by £63,430
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:
Hastings where average house prices dropped by 2.3%,
Dover where average house prices fell by 2.2%,
South Oxfordshire where average house prices were down 1.9%
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:
South Oxfordshire which saw house prices fall, on average, by £10,240,
Chichester where average house prices fell by £9,140,
Dover where house prices were down £7,180
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 10.0% 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:
South Oxfordshire where house prices have risen by 4.1%,
Tandridge, with average house price inflation of 5.2%, and
Windsor and Maidenhead with house price inflation at 5.7%
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 £36,660, 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 £18,760,
Hastings with house prices rise of £19,720,
Reading where house prices have increased, on average, by £19,740
We show in the chart below the areas of the South East with the worst absolute house price performance over the last 12 months.
