Here's how Dacorum house prices held up during August
Owners of detached houses saw the biggest improvement in property prices
House prices increased more than average for the East of England in Dacorum in August, new figures show.
The boost contributes to the longer-term trend, which has seen property prices in the area achieve 3.4% annual growth.
The average Dacorum house price in August was £411,303, Land Registry figures show – a 2.1% increase on July.
Over the month, the picture was better than that across the East of England, where prices increased 0.8%, and Dacorum outperformed the 0.7% rise for the UK as a whole.
Over the last year, the average sale price of property in Dacorum rose by £13,000 – putting the area 10th among the East of England’s 47 local authorities for annual growth.
The best annual growth in the region was in South Norfolk, where properties increased on average by 5.9%, to £269,000. At the other end of the scale, properties in Babergh dropped 4.1% in value, giving an average price of £279,000.
Owners of detached houses saw the biggest improvement in property prices in Dacorum in August – they increased 2.4%, to £851,514 on average. Over the last year, prices rose by 5%.
Terraced house prices were up 2.2% monthly; up 3.5% annually; £356,462 average, and flat prices were up 1.4% monthly; up 0.4% annually; £257,728 average.
First-time buyers in Dacorum spent an average of £325,200 on their property – £9,200 more than a year ago, and £52,100 more than in August 2015.
By comparison, former owner-occupiers paid £482,900 on average in August – 48.5% more than first-time buyers.
Buyers paid 38.8% more than the average price in the East of England (£296,000) in August for a property in Dacorum. Across the East of England, property prices are high compared to those across the UK, where the average cost £239,000.
The most expensive properties in the East of England were in St Albans – £522,000 on average, and 1.3 times as much as in Dacorum.
Average property price in August
- Dacorum: £411,303
- The East of England: £296,411
- UK: £239,196
Annual growth to August
- Dacorum: +3.4%
- The East of England: +2.0%
- UK: +2.5%.