House prices & sales in Buckinghamshire, Sept 2017 14
House prices & sales in Buckinghamshire, Sept 2017
14 November 2017
Buckinghamshire’s average house price rose by £3,779 (0.9 per cent) in September to reach a new high of £416,973, according to new data from the Land Registry. Over the last year, Buckinghamshire’s average house price has risen £27,989, the highest increase seen in any of the 27 county council areas. At 5.8 per cent, the rate of increase ranked only 12th despite being above both the national and regional rates and more than double the rate of growth recorded in London. Table 1: Mean house prices, September 2017
Aylesbury Vale Chiltern South Bucks Wycombe
Average price £ Rank 341,304 80 556,718 13 644,406 8 401,883 50
Monthly change £ % 5,300 1.6 -1,881 -0.3 32,240 5.3 -2,659 -0.7
Annual change £ % Rank 27,743 8.6 51 50,562 5.7 153 23,455 4.5 218 19,098 2.7 297
Rank 104 262 6 280
Buckinghamshire
416,973
2
3,779
0.9
12
27,989
5.8
12
South East London Inner London Outer London
324,465 483,568 593,961 431,873
2 1
0.3 -0.2 0.1 -0.2
8 11
15,396 8,038 22,309 12,585
5.5 2.5 3.2 2.5
8 12
-
978 -942 740 -722
England United Kingdom
243,945 226,367
-
1,515 936
0.6 0.4
-
-
13,077 5.7 11,240 5.4 Source: Land Registry, 2017
All housing types saw prices rise to record levels in September. The overall rise of 5.8 per cent was matched by both semi-detached and terraced houses, taking the average prices to £402,249 and £322,538 respectively. The strongest growth in July was for detached houses, where the 6.3 per cent rise took the average price to £738,901, while the average price of flats increased 4.9 per cent to £238,376. Table 2: Mean house prices & annual change by property type, September 2017 Detached Semi-detached Terrace Flat £ % £ % £ % £ Aylesbury Vale 573,102 9.1 343,940 8.8 283,171 8.2 197,965 Chiltern 925,668 6.4 501,078 6.0 396,167 4.9 279,072 South Bucks 1,145,500 5.2 559,504 4.3 450,136 3.7 347,993 Wycombe 699,285 3.2 405,590 2.8 345,002 2.4 235,521
% 8.6 4.8 4.3 2.3
Buckinghamshire
4.9
738,901
6.3
402,249
5.8
322,538
5.8
238,376
Source: Land Registry, 2017
There were 639 house sales in Buckinghamshire in July, taking the total for the last year to 8,642, the lowest for any 12 month period since the end of 2013. Compared to the year ending July 2016, sales have fallen by 26.0 per cent, with falls of more than 20 per cent being seen in both Aylesbury Vale and Wycombe. Sales in the last year were almost a third below (32.3 per cent) the peak of 12,771 reached in the year to June 2007.
14 November 2017
Buckinghamshire’s average house price rose by £3,779 (0.9 per cent) in September to reach a new high of £416,973, according to new data from the Land Registry. Over the last year, Buckinghamshire’s average house price has risen £27,989, the highest increase seen in any of the 27 county council areas. At 5.8 per cent, the rate of increase ranked only 12th despite being above both the national and regional rates and more than double the rate of growth recorded in London. Table 1: Mean house prices, September 2017
Aylesbury Vale Chiltern South Bucks Wycombe
Average price £ Rank 341,304 80 556,718 13 644,406 8 401,883 50
Monthly change £ % 5,300 1.6 -1,881 -0.3 32,240 5.3 -2,659 -0.7
Annual change £ % Rank 27,743 8.6 51 50,562 5.7 153 23,455 4.5 218 19,098 2.7 297
Rank 104 262 6 280
Buckinghamshire
416,973
2
3,779
0.9
12
27,989
5.8
12
South East London Inner London Outer London
324,465 483,568 593,961 431,873
2 1
0.3 -0.2 0.1 -0.2
8 11
15,396 8,038 22,309 12,585
5.5 2.5 3.2 2.5
8 12
-
978 -942 740 -722
England United Kingdom
243,945 226,367
-
1,515 936
0.6 0.4
-
-
13,077 5.7 11,240 5.4 Source: Land Registry, 2017
All housing types saw prices rise to record levels in September. The overall rise of 5.8 per cent was matched by both semi-detached and terraced houses, taking the average prices to £402,249 and £322,538 respectively. The strongest growth in July was for detached houses, where the 6.3 per cent rise took the average price to £738,901, while the average price of flats increased 4.9 per cent to £238,376. Table 2: Mean house prices & annual change by property type, September 2017 Detached Semi-detached Terrace Flat £ % £ % £ % £ Aylesbury Vale 573,102 9.1 343,940 8.8 283,171 8.2 197,965 Chiltern 925,668 6.4 501,078 6.0 396,167 4.9 279,072 South Bucks 1,145,500 5.2 559,504 4.3 450,136 3.7 347,993 Wycombe 699,285 3.2 405,590 2.8 345,002 2.4 235,521
% 8.6 4.8 4.3 2.3
Buckinghamshire
4.9
738,901
6.3
402,249
5.8
322,538
5.8
238,376
Source: Land Registry, 2017
There were 639 house sales in Buckinghamshire in July, taking the total for the last year to 8,642, the lowest for any 12 month period since the end of 2013. Compared to the year ending July 2016, sales have fallen by 26.0 per cent, with falls of more than 20 per cent being seen in both Aylesbury Vale and Wycombe. Sales in the last year were almost a third below (32.3 per cent) the peak of 12,771 reached in the year to June 2007.
