House prices & sales in Buckinghamshire, May 2017 19 July 2017
House prices & sales in Buckinghamshire, May 2017
19 July 2017
Buckinghamshire’s average house price rose by £1,533 (0.4 per cent) in May to reach a new high of £405,865, according to new data from the Land Registry. Over the last year, Buckinghamshire’s average house price has risen by £21,847 or 5.7 per cent. Buckinghamshire’s average house price is 81 per cent higher than the national average and second highest among England’s 27 county council areas. Table 1: Mean house prices, May 2017
Aylesbury Vale Chiltern South Bucks Wycombe
Average price Monthly change £ Rank £ % Rank 334,470 81 5,764 1.8 101 538,077 14 -4,853 -0.9 313 617,252 8 -18,367 -2.9 367 391,872 53 2,300 0.6 184
Annual change £ % Rank 21,634 6.9 72 34,882 6.9 71 12,529 2.1 278 19,272 5.2 148
Buckinghamshire
405,865
2
1,533
0.4
17
21,847
5.7
11
South East London Inner London Outer London
315,807 481,345 584,617 427,752
2 1
-0.3 -0.3 0.1 0.4
12 11
10,511 13,197 17,944 13,127
3.4 2.8 3.2 3.2
6 8
-
-1,060 -1,267 354 1,722
England Great Britain
237,662 223,768
-
1,252 1,216
0.5 0.5
-
-
9,172 4.0 10,337 4.8 Source: Land Registry, 2017
Despite a small fall in May, the strongest annual price rise over the last year was recorded for detached houses, with a rise of 7.3 per cent taking the county’s average price to £716,175. Semi-detached houses and flats both rose by 7.2 per cent to reach new highs of £391,897 and £234,087 respectively. Terraced homes saw average prices rise by 6.2 per cent. Table 2: Mean house prices & annual change by property type, March 2017
Aylesbury Vale Chiltern South Bucks Wycombe Buckinghamshire
Detached £ 560,305 890,304 1,093,932 635,628 716,175
% 8.5 8.0 4.1 6.7
Semi-detached £ % 337,428 8.2 483,939 8.5 536,908 4.2 370,236 6.8
Terrace £ 276,306 381,396 429,380 316,017
7.3
391,897
312,916 6.2 234,087 7.2 Source: Land Registry, 2017
7.2
% 7.0 6.9 2.8 6.0
Flat £ 195,958 273,888 335,145 216,493
% 8.6 8.5 4.3 7.0
There were 574 house sales in Buckinghamshire in March, taking the annual total to 8,494. This is the lowest total for any 12 month period since September 2013, 34.6 per cent below the pre-recession peak of 12,987. Sales in Aylesbury Vale and Chiltern rose compared to February but fell in South Bucks and Chiltern. March 2016 saw exceptional levels of sales being the last month before stamp duty changes, so that falls the fall in sales of 47.6 per cent compared to March 2016 are not a fair comparison.
19 July 2017
Buckinghamshire’s average house price rose by £1,533 (0.4 per cent) in May to reach a new high of £405,865, according to new data from the Land Registry. Over the last year, Buckinghamshire’s average house price has risen by £21,847 or 5.7 per cent. Buckinghamshire’s average house price is 81 per cent higher than the national average and second highest among England’s 27 county council areas. Table 1: Mean house prices, May 2017
Aylesbury Vale Chiltern South Bucks Wycombe
Average price Monthly change £ Rank £ % Rank 334,470 81 5,764 1.8 101 538,077 14 -4,853 -0.9 313 617,252 8 -18,367 -2.9 367 391,872 53 2,300 0.6 184
Annual change £ % Rank 21,634 6.9 72 34,882 6.9 71 12,529 2.1 278 19,272 5.2 148
Buckinghamshire
405,865
2
1,533
0.4
17
21,847
5.7
11
South East London Inner London Outer London
315,807 481,345 584,617 427,752
2 1
-0.3 -0.3 0.1 0.4
12 11
10,511 13,197 17,944 13,127
3.4 2.8 3.2 3.2
6 8
-
-1,060 -1,267 354 1,722
England Great Britain
237,662 223,768
-
1,252 1,216
0.5 0.5
-
-
9,172 4.0 10,337 4.8 Source: Land Registry, 2017
Despite a small fall in May, the strongest annual price rise over the last year was recorded for detached houses, with a rise of 7.3 per cent taking the county’s average price to £716,175. Semi-detached houses and flats both rose by 7.2 per cent to reach new highs of £391,897 and £234,087 respectively. Terraced homes saw average prices rise by 6.2 per cent. Table 2: Mean house prices & annual change by property type, March 2017
Aylesbury Vale Chiltern South Bucks Wycombe Buckinghamshire
Detached £ 560,305 890,304 1,093,932 635,628 716,175
% 8.5 8.0 4.1 6.7
Semi-detached £ % 337,428 8.2 483,939 8.5 536,908 4.2 370,236 6.8
Terrace £ 276,306 381,396 429,380 316,017
7.3
391,897
312,916 6.2 234,087 7.2 Source: Land Registry, 2017
7.2
% 7.0 6.9 2.8 6.0
Flat £ 195,958 273,888 335,145 216,493
% 8.6 8.5 4.3 7.0
There were 574 house sales in Buckinghamshire in March, taking the annual total to 8,494. This is the lowest total for any 12 month period since September 2013, 34.6 per cent below the pre-recession peak of 12,987. Sales in Aylesbury Vale and Chiltern rose compared to February but fell in South Bucks and Chiltern. March 2016 saw exceptional levels of sales being the last month before stamp duty changes, so that falls the fall in sales of 47.6 per cent compared to March 2016 are not a fair comparison.
