Horsham house prices dropped more than South East average in April
House prices dropped by 0.7% – more than the average for the South East – in Horsham in April, new figures show.
But the drop does not reverse the longer-term trend, which has seen property prices in the area grow by 7.2% over the last year.
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Hide AdThe average Horsham house price in April was £461,299, Land Registry figures show – a 0.7% decrease on March.
Over the month, the picture was similar to that across the South East, where prices decreased 0.5%, and Horsham was lower than the 0.5% rise for the UK as a whole.
Over the last year, the average sale price of property in Horsham rose by £31,000 – putting the area 12th among the South East’s 64 local authorities with price data for annual growth.
The highest annual growth in the region was in Dover, where property prices increased on average by 8.9%, to £330,000. At the other end of the scale, properties in Windsor and Maidenhead lost 1.4% of their value, giving an average price of £532,000.
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Hide AdFirst steps on the property ladder
First-time buyers in Horsham spent an average of £335,000 on their property – £22,000 more than a year ago, and £58,000 more than in April 2018.
By comparison, former owner-occupiers paid £552,000 on average in April – 64.5% more than first-time buyers.
Property types
Owners of terraced houses saw the biggest fall in property prices in Horsham in April – they dropped 1% in price, to £369,104 on average. But over the last year, prices rose by 6.8%.
Among other types of property:
- Detached: down 0.7% monthly; up 7.5% annually; £770,742 average
- Semi-detached: down 0.8% monthly; up 7.7% annually; £471,779 average
- Flats: down 0.4% monthly; up 5.9% annually; £221,759 average
How do property prices in Horsham compare?
Buyers paid 17.7% more than the average price in the South East (£392,000) in April for a property in Horsham. Across the South East, property prices are high compared to those across the UK, where the average cost £286,000.
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Hide AdThe most expensive properties in the South East were in Elmbridge – £679,000 on average, and 1.5 times the price as in Horsham. Elmbridge properties cost 2.8 times the price as homes in Southampton (£245,000 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 April
- Horsham: £461,299
- The South East:£391,766
- UK: £286,489
Annual growth to April
- Horsham: +7.2%
- The South East: +3.5%
- UK: +3.5%
Highest and lowest annual growth in the South East
- Dover: +8.9%
- Windsor and Maidenhead: -1.4%