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Sat, 04 Feb 2012 8:18 pm GMT

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Housing Cost Comparator

There are a wide range of housing options to suit all tastes and budgets, including town centre apartments in riverside settings, new communities on the edge of the town and new rural housing developments.

Prices compare very favourably with other locations in the South East. Use this housing cost comparator as an indication of current prices:

Average prices by property type (England and Wales)	July 2011	July 2010	Difference
Detached	£256,545	£260,865	-1.7%
Semi-detached	£154,219	£157,466	-2.1%
Terraced	£124,453	£127,507	-2.4%
Flat/maisonette	£151,519	£155,863	-2.8%

Region	Monthly change (%)	Annual change (%)	Average price(£)
South West	2.2%	-1.9%	£174,946
London	1.9%	1.3%	£346,416
Yorkshire & The Humber	1.4%	-4.5%	£122,083
West Midlands	1.6%	-1.8%	£133,254
South East	0.9%	-1.1%	£209,309
Wales	0.9%	-3.4%	£119,892
East Midlands	0.2%	-3.2%	£125,335
North East	-2.3%	-8.8%	£101,143
East	0.6%	-2.3%	£173,393
North West	1.2%	-3.3%	£114,452

While the rate of annual change remains negative at -2.1per cent, the monthly price change is 1.3 per cent, taking the average price in England and Wales to £163,049. This is the largest monthly movement since January 2010.

The number of property transactions has decreased over the last year. In February to May 2010, there was an average of 49,600 sales per month. In the same months this year, the figure was 45,489.

Source: Land Registry, House Price Index, 26 August 2011.

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