House prices in Bournemouth rise 26% in five years

Prices for HOUSES in Bournemouth, Christchurch and Poole have increased from £ 245,188 in September 2015 to £ 309,741 in September 2021.

This is a 26% increase to £ 64,553, according to the land register.

James Scollard, owner of Clifftons Independent Estate & Letting Agents, said: “House prices in Bournemouth, Poole and Christchurch were above the UK national average 5 years ago and remain in the same position today .

“The real estate market is resilient and there is currently a lack of supply causing high demand from buyers, we don’t expect that to change anytime soon.

“Asset values ​​tend to rise when there is inflation in the broader economy and as such we expect that demand to remain in place until 2022.”

Nationwide, nearly 12 million homes have risen in value compared to the national average of £ 49,000 or more over the past five years.

Home values ​​in the UK currently stand at £ 9.2 billion, four times the UK’s GDP

Lottie Evans Property Consultant at Will Meyers Estates Bournemouth said: “We have seen a huge increase in property prices, locally and across the UK.

“The reason for this increase is due to a lack of stock, which has created a problem of supply and demand. We have seen the number of buyers far outstrip the number of properties on the market, which has caused prices to rise. ”

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