Canterbury Annual Housing Market Index
Highlights:
• The average price of a home in Canterbury in 2008 currently stands at £222,259* - up 2% on figures recorded by Land Registry at the end of 2007
• The average price of a home in Canterbury at the end of 2007 was £217,672, showing an annual increase of 6.6% since 2006 - up from £204,112
• Terraced homes have traditionally dominated the housing mix in Canterbury, but there was an influx of apartments to the market in 2007 - apartments making up a 36% share of the total sales in Canterbury in 2007
• However, terraced homes still lead the way for price growth in Canterbury, recording a 11% rise between 2006 and 2007 and a 2% increase so far in 2008
• All property types recorded positive price growth in 2007
House Prices & House Sales
The Canterbury property market has remained robust with the average house price increasing by 2% so far in 2008, by 6.6% between 2006 and 2007, and by over 115% since 2000. Sales surged in Canterbury in 2007, up 27% on the previous year.
Summary
The Canterbury property market has remained robust so far in 2008, with an increase of 2% in the average home price from the end of 2007, and strong year-on-year growth since 2000 (115%).
Traditionally, terraced homes have dominated the property mix in Canterbury, however apartments recorded a bumper year in 2007, accounting for 36% of all sales.
All property types recorded strong price growth in 2007, led by detached homes, where the average price increased by 13.4% on the previous year.
Download the pdf document to view detailed illustrations of the Canterbury housing market.
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