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Average House Price £313,000

UK house price rises have continued throughout the year. The last figures for 2016 reveal that the average South East house price is £313,000. We have a look at the Office of National Statistics’ (ONS) final House Price Index of 2016 to find out more about what this means.

Annual house price growth 9.1%

Brexit brought with it concerns about property prices across the UK. While house price growth in Scotland and Wales began to falter slightly – annual growth is at 4% in Scotland – the South of England has prospered.

South East England has contributed towards the large annual increases in property prices. The average price of a property in the South East is almost £100,000 more than the UK average.

South East outperforming London

London house prices used to be the fastest rising in the UK. Annual figures had been as high as 15% at one point. This figure now stands at 7.7%, that’s lower than the 9.1% price rise that is being experienced in the South East.

As was predicted by our investment team before Brexit, South East England has started to become the place to invest in property and property development. We have seen a large increase in the requests for property development finance over this period.

UK house price growth up on 2015

In 2015, annual house price growth for the UK was at 5.6%. For 2016 this figure has increased by over 1% to 6.9%. Not only does this show consistent growth in property price, it shows that the rate of growth is increasing.

Now we look towards 2017 with positivity for the current property market. Property development projects within the home counties could offer high yields in the months and years to come.

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News & Features

UK house price rises have continued throughout the year. The last figures for 2016 reveal that the average South East house price is £313,000. We have a look at the Office of National Statistics’ (ONS) final House Price Index of 2016 to find out more about what this means.

Annual house price growth 9.1%

Brexit brought with it concerns about property prices across the UK. While house price growth in Scotland and Wales began to falter slightly – annual growth is at 4% in Scotland – the South of England has prospered.

South East England has contributed towards the large annual increases in property prices. The average price of a property in the South East is almost £100,000 more than the UK average.

South East outperforming London

London house prices used to be the fastest rising in the UK. Annual figures had been as high as 15% at one point. This figure now stands at 7.7%, that’s lower than the 9.1% price rise that is being experienced in the South East.

As was predicted by our investment team before Brexit, South East England has started to become the place to invest in property and property development. We have seen a large increase in the requests for property development finance over this period.

UK house price growth up on 2015

In 2015, annual house price growth for the UK was at 5.6%. For 2016 this figure has increased by over 1% to 6.9%. Not only does this show consistent growth in property price, it shows that the rate of growth is increasing.

Now we look towards 2017 with positivity for the current property market. Property development projects within the home counties could offer high yields in the months and years to come.

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