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Chichester Annual Housing Market Index
Highlights: · The average price of a home in Chichester currently stands at £274,885* · The average price of a home in Chichester at the end of 2007 was £263,731, showing an annual increase of 8.7% since 2006 - up from £242,681 · Terraced homes dominate the housing mix in Chichester, making up a 34.7% share of the total sales so far in 2008 and 30.7% in 2007 · Detached homes lead the way for price growth, recording a 5.3% rise so far in 2008 and 12.2% between 2006 and 2007 · All property types recorded positive price growth in 2007
House Prices & House Sales The Chichester property market has remained robust with the average house price increasing by 8.7% between 2006 and 2007, by 4.2% so far in 2008, and by over 110% since 2000. Total sales were down 5.2% in 2007, following a record high number of sales in 2006.
The top house price in Chichester has frequently reached upwards of £1.5m since 2000. While there have been fewer property sales over £1m in the last two years, these prices are currently being achieved in 2008.
Summary The Chichester property market has remained extremely robust, an increase of 4.2% in the average home price so far in 2008 and strong year-on-year growth each year since 2000 (111%).
Terraced homes have consistently dominated the property mix in Chichester, accounting for at least 30% of all sales over the past three years. All property types remain robust here, with a demand for large family housing giving detached homes the strongest price growth - up 5.6% so far in 2008 and up 12.2% between 2006 and 2007.
While the number of sales in Chichester fell by just over 5% in 2007, transactions were still up on figures for 2005.
Download the pdf document to view detailed illustrations of the Chichester housing market
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Notes for Editors:
The Email4property Index is an annual monitor of housing transactions using data from the Land Registry.
Article date: 8/19/2008 12:00:00 AM