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

Posted On 22 Jul 2017 at 11:19 pm

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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