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21 December, 2025
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Home Business

House price rises in Hove among highest in the country, according to property website

by Frank le Duc
Saturday 22 Jul, 2017 at 11:19PM
A A
1
Planning inspector sides with developers on affordable homes

The old Lansdowne Place Hotel, previously known as the Dudley Hotel, in Hove

House price rises in Hove this year are the second highest in the country, according to the property website Zoopla.

Only Belper, in Derbyshire, had recorded a higher percentage rise since the start of the year, the website said.

According to Zoopla, house prices in Hove reached an average of £462,947 this month, £30,584 more or 7.07 per cent higher than in January.

In Belper the average value of a property had 7.43 per cent to £239,927, up £16,597 since the start of the year.

Nationally the average home is worth £304,469 – just over £3,000 more – and in the south east the value has increased by 0.67 per cent – or £2,691 – to £406,130.

Zoopla said that the general direction of property prices was still up although the latest figures showed a slowdown compared with a year ago.

Lawrence Hall, from Zoopla, said: “While the rate of growth has slowed to a more modest rate, we’re not seeing the stark downturn in values that has been predicted.

“While this slowdown might not be what home owners want to hear, a slowdown does present a possible opportunity for those looking to get on the ladder by the end of the year.”

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