House prices in the BCP zone stabilize after an 8.7% increase last year

HOME prices remained stable in Bournemouth, Christchurch and Poole in February, according to new figures.

The lack of movement maintains the longer-term trend, which has seen house prices in the region reach an annual growth of 8.7%.

READ MORE: Bournemouth, Christchurch and Poole homes less affordable than ever

The average house price in Bournemouth, Christchurch and Poole in February was £324,246, according to Land Registry figures, largely unchanged from January.

Over the past year the average selling price of a property in Bournemouth, Christchurch and Poole has risen by £26,000, putting the area 25th out of 29 local authorities in the South West with price data for the annual growth.

Owners of terraced houses had the worst results in Bournemouth, Christchurch and Poole in February – their price fell by 0.1%, to £281,261 on average. But over the past year, prices have risen 8.7%.

Read more: Four-star hotel on the market for £9m as owner seeks to clear debt

By comparison, former homeowners paid £371,000 on average in February, 48.7% more than first-time buyers.

Buyers paid 3.7% more than the average price in the South West (£313,000) in February for property in Bournemouth, Christchurch and Poole.

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