West Sussex house prices nudge up 1.1% in June

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The latest figures from the Office of National Statistics, or ONS, show house prices up overall in West Sussex.  However, prices vary across the County.

Average house prices in West Sussex rose 1.1% in the year to June 2020. National and Local Council areas break down as follows;

  • UK overall £237,834 up 3.4%
  • England £254,000 up 3.5%
  • West Sussex £324,604 up 1.1%

 

  • Arun £285,113 up 0.9%
  • Adur £315,750 up 0.2%
  • Chichester £396,313 up 5.3%
  • Crawley £283,532 up 0.6%
  • Horsham £371,575 up 1.3%
  • Mid Sussex £376,135 up 2.4%
  • Worthing £270,475 down -2.7%

According to the ONS, looking at the UK as a whole;

“This increase may partly reflect the unusual conditions in the housing market during the coronavirus (COVID-19) pandemic and movement restrictions put in place from 23 March 2020. People were advised not to move house during the tightest restrictions.

 

As such, property transactions completed during that time may have been more concentrated than usual among those without complicating factors such as a chain. For example, first-time buyers may have been freer to complete transactions than former owner occupiers, who may have had to co-ordinate multiple sales during lockdown and would also typically be at the lower end of the price scale than former owner occupiers.”

 

Want to learn more?

A list of local council house increase is here

You can read the UK ONS press release here.

Learn more about NewsBrokerUK here.