South Holland house prices increased more than East Midlands average in January
House prices increased by 2.6% – more than the average for the East Midlands – in South Holland in January, new figures show.
The boost contributes to the longer-term trend, which has seen property prices in the area achieve 15.6% annual growth.
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Hide AdThe average South Holland house price in January was £222,982, Land Registry figures show – a 2.6% increase on December.
Over the month, the picture was better than that across the East Midlands, where prices increased 1.8%, and South Holland outperformed the 0.4% rise for the UK as a whole.
Over the last year, the average sale price of property in South Holland rose by £30,000 – putting the area fifth among the East Midlands’s 35 local authorities with price data for annual growth.
The best annual growth in the region was in South Derbyshire, where property prices increased on average by 16.5%, to £242,000. At the other end of the scale, properties in Derbyshire Dales gained just 3.7% in value, giving an average price of £310,000.
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Hide AdWinners and Losers
Owners of terraced houses saw the biggest improvement in property prices in South Holland in January – they increased 2.8%, to £152,031 on average. Over the last year, prices rose by 14.2%.
Among other types of property:
Detached: up 2.5% monthly; up 15.9% annually; £278,756 averageSemi-detached: up 2.8% monthly; up 16.4% annually; £189,026 averageFlats: up 2.6% monthly; up 7.8% annually; £91,497 average
First steps on the property ladder
First-time buyers in South Holland spent an average of £188,000 on their property – £26,000 more than a year ago, and £44,000 more than in January 2017.
By comparison, former owner-occupiers paid £243,000 on average in January – 29.3% more than first-time buyers.
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Hide AdHow do property prices in South Holland compare?
Buyers paid 5.3% less than the average price in the East Midlands (£236,000) in January for a property in South Holland. Across the East Midlands, property prices are lower than those across the UK, where the average cost £274,000.
The most expensive properties in the East Midlands were in Harborough – £352,000 on average, and 1.6 times as much as more than in South Holland. Harborough properties cost 2.2 times as much as homes in Bolsover (£158,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea.
Factfile
Average property price in January
South Holland: £222,982The East Midlands:£235,503UK: £273,762
Annual growth to January
South Holland: +15.6%The East Midlands: +11.6%UK: +9.6%
Best and worst annual growth in the East Midlands
South Derbyshire: +16.5%Derbyshire Dales: +3.7%