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HOUSES prices rose 1.5% in Bournemouth, Christchurch and Poole in June, new figures show.
This boost is contributing to the longer-term trend, which has seen house prices in the region achieve annual growth of 10.2 percent.
The average house price in the metropolitan area in June was £ 308,071, according to cadastral figures, up 1.5% from May.
During the month, the situation was worse than that of the South West, where prices rose 5.5%, and Bournemouth, Christchurch and Poole underperformed on the increase of 4.5% for the whole of the UK.
Over the past year, the average selling price of a property in Bournemouth, Christchurch and Poole has increased by £ 29,000, placing the region 17th out of 32 South West local authorities in annual growth.
The region’s best annual growth was recorded in the Cotswolds, where house prices rose on average 22.6% to £ 463,000. At the other end of the scale, Stroud’s properties gained 0.2% in value, an average price of £ 285,000.
Terraced house owners saw the biggest improvement in house prices in Bournemouth, Christchurch and Poole in June – they rose 1.7%, to £ 268,415 on average. Over the past year, prices have increased 11.4 percent.
Single-family home: up 1.5% per month; up 11.2 percent per year; £ 509,340 on average. Twinned: up 1.5% monthly; increasing by 10.5% per year; £ 324,831 on average. Apartments: up 1.6% per month; up 8.9% per year; £ 201,417 Average
First-time buyers in the metropolitan area spent an average of £ 239,000 on their property, which is £ 21,000 more than a year ago and £ 33,000 more than in June 2016.
Gráinne Gilmore, head of research for Zoopla, said: “Demand among homebuyers has been at record highs for over a year now. The pandemic and its lockdowns have forced a ‘home revaluation’ for many and , along with the stamp duty holiday bonus, boosted sales volumes accordingly.
“However, inventory levels are not keeping pace and the imbalance between supply and demand is supporting house price growth in the UK. Annual house price growth is expected to remain above 4-5% until ‘at the end of the year. ”
Buyers paid 4.5% more than the average price in the South West (£ 295,000) in June for a property in the metropolitan area. In the South West, house prices are higher than in the UK, where the average cost is £ 266,000.
