House price winners and losers South East

The latest data from the Land Registry reveals that the average house price in the South East of England is currently £384,970.

On average house prices in the South East of England increased by 1.1% or £4,360 over the last month

Over the last year (last 12 calendar months) average house prices in the South East of England increased by 11.6% or £40,240.

However, across the South East of England, there is a big spread of house prices at the Local Authority level ranging from £238,000 in Southampton to £675,000 in Elmbridge. The average price of a home in Elmbridge is more than three times the average house price of a home in Southamptpn.

Average house prices across the South East of England

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

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

Elmbridge where average house prices are £675,000

Windsor and Maidenhead with average house prices of £548,000, and

Waverley where average house prices are £536,000

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

Southampton with an average house price of £238,000

Portsmouth where average house prices are £242,000, and

Gosport with average house prices at £244,000

South East house prices winners last month (percentage house price rises)

Across the South East of England house prices increased on average by 1.1% last month. However, the housing market in the South East which saw the biggest relative house price increase was Wealden, where house prices increased by 3.9% last month.

In second place, average house prices increased by 3.8% in the Mole Valley, and

In Horsham average house prices increased by 4.4%

We show in the chart below the hottest 25 housing markets across the South East of England where house prices increased the most in percentage terms over the last month.

South East absolute house price winners this month

When looking at absolute (monetary) house price rises across the South East last month, we saw the biggest house price increases in Mole Valley, up £19,450, Winchester, where house prices rose by £16,400 and Wealden, where house prices rose by £15,480, on average.

We show the 25 best performing housing markets over the last month across the South East in the chart below.

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 of England.

The biggest relative increases in house prices across the South East over the last year are:

Cherwell, where average house prices have increased by 22.0%

Test Valley, where average house prices have increased by 17.9%, and

Worthing, where house prices have increased, on average by 17.8% over the last 12 months.

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

South East absolute house price winners last 12 months

Turning to absolute, or monetary increases in house prices across the South East of England over the last 12 months, house prices increased the most in Cherwell, up £68,270. House prices in Mid Sussex have increased by £67,800 over the last year and house prices in Winchester are up, on average, by £65,090.

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 fell across many areas of the South East of England last month. The biggest relative (percentage) falls in house prices were seen in Eastbourne, where house prices fell by 2.5%. Eastbourne was followed by Elmbridge, where average house prices fell by 2.3% and East Hampshire, which saw average house prices also fall by 1.7% last month.

We show in the chart below the top 25 relative house prices losers across the South East of England last month.

South East absolute house price losers last month

In absolute (monetary) terms, the biggest house price falls last month in the South East of England were in Elmbridge, where house prices fell by £15,610. East Hampshire where average house prices fell by £7,360 and Eastbourne where average house prices fell by £7,240.

We show in the graph below the top 25 house price losers across the South East of England over the last month, in absolute terms

South East relative house price losers last 12-months

Over the last 12 months, house prices rose in all local authorities across the South East, but not all housing markets have seen house prices rise by the same amount.

Those areas in the South East where house prices have risen the least in percentage terms over the last 12 months are:

Slough where house prices have risen by 1.3% over the last year

Elmbridge, where house prices have increased by 4.7% over the last 12 months, and

Reading where average house prices have increased by 5.0% over the last 12 months

We show in the chart below the top 25 relative house prices losers across the South East of England over the last year (last 12 months).

South East absolute house price losers last 12-months

Over the last 12 months, average house prices in the South East of England have risen in all of its local authorities. House prices in the South East of England have risen the least in absolute (monetary) terms in:

Slough, where average house prices have decreased by £3,890 over the last 12 months

Reading, where average house prices have risen by £14,870 over the last 12 months, and

Portsmouth, where average house prices have gone up by £18,180 during the last 12 months.

We show in the graph below the top 25 absolute house price losers across the South East of England over the last 12 months.