Kent Areas with Rising and Falling House Prices Amidst Increased UK Market Listings

Recent data from the HM Land Registry reveals that property prices in Kent have seen varied changes over the past year. Among the ten boroughs, only three experienced price increases, with Ashford seeing the highest rise at 4.1%. Conversely, Tonbridge saw the most significant drop, with prices falling by 3.7%.

The latest HM Land Registry data reveals that Kent’s housing market is experiencing mixed trends. Out of the ten boroughs analyzed, only three saw increases in house prices over the past year. Ashford had the highest rise at 4.1%, followed by Dover with 3.4%, and Gravesham with 0.2%. Conversely, Tonbridge saw the steepest decline at 3.7%, with Thanet and Canterbury also experiencing drops of 3.6% and 1.1%, respectively.

Overall, the UK average house price is £289,824, showing a slight increase both month-on-month (0.5%) and year-on-year (0.6%). Zoopla reported a 29% rise in new properties for sale last month, suggesting a dynamic market. Nathan Emerson, CEO of Propertymark, noted that this increase indicates ongoing market activity and potential growth as more sales complete in the coming months.

House Price Rises:

• Ashford: £368,392 (+4.1%)
• Dover: £327,565 (+3.4%)
• Gravesham: £326,545 (+0.2%)

House Price Falls:

• Tonbridge: £424,774 (-3.7%)
• Thanet: £309,657 (-3.6%)
• Canterbury: £362,025 (-1.1%)
• Dartford: £356,942 (-0.98%)
• Swale: £303,903 (-0.97%)
• Tunbridge Wells: £460,155 (-0.8%)
• Medway: £299,820 (-0.1%)

The overall UK average house price stands at £289,824, with a slight increase of 0.5% from the previous month and 0.6% from last year. Additionally, Zoopla reported a 29% rise in new properties for sale last month. For more details, visit Kent Live.