Real estate prices increased in November throughout the BCP

HOME prices continued to rise in Bournemouth, Christchurch and Poole in November, according to the latest figures.

Average prices increased by 1.5% across the metropolitan area, which saw house prices in the area reach annual growth of 9.3%.

The average house price in Bournemouth, Christchurch and Poole in November was £321,230, according to Land Registry figures, an increase of 1.5% on October.

Over the past year the average selling price of a property in Bournemouth, Christchurch and Poole has risen by £27,000, putting the area 24th out of 29 local authorities in the South West with price data for annual growth.

The region’s best annual growth was recorded in South Hams, where house prices rose by an average of 24.3% to £431,000. At the other end of the scale, properties in Bath and North East Somerset gained just 5.2% in value, to an average price of £378,000.

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Owners of detached homes saw the biggest improvement in house prices in Bournemouth, Christchurch and Poole in November – they rose 2%, to £541,946 on average – rising 11.7% over last year .

Among other types of goods:

Semi-detached properties rose 1.6 months, an increase of 11.1% per year and an average price of £342,851.

Terraced houses have risen by 1.2% per month – an increase of 9% per year and again priced at around £277,160 on average.

Apartments saw the slowest growth, up 1.1% month-on-month and 6.4% year-on-year – at an average price of £205,641.

First-time buyers in the conurbation spent an average of £247,000 on their property, £19,000 more than a year ago and £38,000 more than November 2016.

By comparison, former homeowners paid £367,000 on average in November, 48.6% more than first-time buyers.

The most expensive properties in the South West were in the Cotswold – £487,000 on average, and 1.5 times more than in Bournemouth, Christchurch and Poole. Properties in the Cotswolds cost 2.4 times more than houses in Plymouth (£207,000 on average), at the other end of the scale.

The highest house prices in the UK were in Kensington and Chelsea.

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