Arun house prices increased more than South East averagein March
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Winners and Losers Owners of terraced houses saw the biggest improvement in property prices in Arun in March – they increased 1.3 per cent, to £265,201 on average. Over the last year, prices rose by 10.9%. Among other types of property: Detached: up 1.2 per cent monthly; up 11.5 per cent annually; £507,169 average
Semi-detached: up 0.9 per cent monthly; up ten per cent annually; £323,156 averageFlats: up 0.7 per cent monthly; up seven per cent annually; £175,219 average First steps on the property ladder First-time buyers in Arun spent an average of £245,000 on their property – £21,000 more than a year ago, and £40,000 more than in March 2016. By comparison, former owner-occupiers paid £353,000 on average in March – 44.1 per cent more than first-time buyers. How do property prices in Arun compare? Buyers paid 10.8 per cent less than the average price in the South East (£349,000) in March for a property in Arun. Across the South East, property prices are high compared to those across the UK, where the average cost £256,000. The most expensive properties in the South East were in Elmbridge – £662,000 on average, and 2.1 times as much as in Arun. Elmbridge properties cost three times as much as homes in Southampton (£219,000 average), at the other end of the scale. The highest property prices across the UK were in Kensington and Chelsea, where the average March sale price of £1.3 million could buy 14 properties in Burnley (average £94,000). Factfile Average property price in March
Arun: £310,821
The South East: £348,615UK: £256,405
Annual growth to March
Arun: +10.1%
The South East: +7.9%
UK: +10.2%
Best and worst annual growth in the South East
Lewes: +13.8%
Hart: -0.1%