According to Halifax, the house prices in the UK housing market fell for the first time in six months by 0.5%. This meant the average house price in the UK dropped from £261,642 to £260,358 in June 2021. While this could be due to the Stamp Duty Holiday changing, the housing markets annual change is still a large increase of 8.8%, which works out at £21,000 higher than June 2020.
However, it has to be noted that for the same month, Nationwide concluded that the UK national average for house prices had actually continued to increase by 0.7%. This then meant under Nationwide’s statistics the annual growth for UK properties was a very large 13.4%. This then means the biggest growth since 2004.
House prices increased by 10.9% over the annum according to Nationwide from their June 2021 report in the South East alone. This means the average price in the area now stands at £313,815. If you are unsure how much your property is worth on the current market, please call us today on 03309 125285.
The difference in numbers will be due to the different data they each gather.
There is still a high proportion of buyers from outside Kent, for example London homeowners who due to Covid-19 and change of circumstances are looking to move to Kent. The Garden of England boasts an array of scenery, with a vast amount of outdoor space, good schools ranging from Public, Grammar and Private. For those moving into the area from surrounding counties there are fantastic transport links including the High-speed rail link to central London as well as the port of Dover offering overseas transport. Due to this, the mix of properties, towns and villages in the Kent community, there is something to meet everyone’s needs.