House prices rose 2.1% – more than the South East average – in Bracknell Forest in January, new figures show.
This momentum is contributing to the longer-term trend, which has seen house prices in the region reach annual growth of 4.8%.
The average house price in Bracknell Forest in January was £350,996, according to Land Registry figures, an increase of 2.1% on December.
During the month, the situation was better than in the South East, where prices rose by 0.1%, and Bracknell Forest outperformed the fall of 0.5% for the whole of the United Kingdom.
Over the past year the average sale price of a property in Bracknell Forest has risen by £16,000, putting the area 44th out of 70 local authorities in the South East in terms of annual growth.
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The region’s best annual growth was on the Isle of Wight, where house prices rose by an average of 14.7% to £256,000. At the other end of the scale, properties in Horsham have lost 0.8% of their value, giving an average price of £375,000.
Winners and losers
Owners of semi-detached homes saw the biggest improvement in property prices in Bracknell Forest in January – they rose 2.8%, to an average of £390,878. Over the past year, prices have increased by 5.5%.
Among other types of goods:
Individual: up 2.3% per month; up 6.7% per year; average £655,334Terrace: up 2.1% per month; up 5.6% per year; Average apartments £301,597: up 1.3% per month; up 1% per year; £208,272 on average
First steps on the property ladder
READ ALSO ; First-time buyers rack up over £80,000 in Bracknell
First-time buyers in Bracknell Forest spent an average of £284,000 on their property, £11,000 more than a year ago and £20,000 more than December 2015.
By comparison, former homeowners paid £412,000 on average in January, 44.9% more than first-time buyers.
How do you compare property prices in Bracknell Forest?
Buyers paid 2.5% more than the average price in the South East (£342,000) in January for a property in Bracknell Forest. Property prices in the South East are high compared to those in the UK, where the average cost is £249,000.
The most expensive properties in the South East were in Elmbridge – £644,000 on average, and 1.8 times more than in Bracknell Forest. Properties in Elmbridge cost three times as much as houses in Southampton (£213,000 on average), at the other end of the scale.
The highest property prices in the UK were in Kensington and Chelsea, where the average January sale price of £1.3m could buy 14 properties in Blaenau Gwent (average £93,000).
Average house prices in January
Bracknell Forest: £350,996 The South East: £342,420 UK: £249,309 Annual growth to January
Bracknell Forest: +4.8%South East: +6.4%UK: +7.5%Best and worst annual growth in the South East
Isle of Wight: +14.7% Horsham: -0.8%