Aylesbury Vale house prices dropped slightly in May

House prices dropped slightly in Aylesbury Vale in May, new figures show.

By Thomas Bamford
Friday, 4th September 2020, 10:53 am
Updated Friday, 4th September 2020, 10:56 am

But the ​drop ​does not reverse the longer-term trend, which has seen property prices in the area ​achieve 2% annual growth​.

The average Aylesbury Vale house price in May was £328,108, Land Registry figures show​ – a 0.1% decrease on April.

Over the month, the picture was ​better than that across the South East, where prices ​decreased 1.1%​, but Aylesbury Vale underperformed compared to the 0.3% rise for the UK as a whole.

House prices dropped slightly in Aylesbury Vale in May, new figures show.

Over the last year, the average sale price of property in Aylesbury Vale ​​rose by £6,300 – putting the ​area 34th among the South East’s 67 local authorities for annual growth.

​The best annual growth in the region was in West Oxfordshire, where properties increased on average by 9.4%, to £347,000. ​At the other end of the scale, properties in Slough dropped 2.8% in value, giving an average price of £284,000.

Winners and Losers

Owners of terraced houses fared worst in Aylesbury Vale in May – they dropped 0.5% in price, to £270,260 on average​. But over the last year, prices rose by 1.1%.

Among other types of property:

Detached: remained level over the month; up 3.4% annually; £559,900 average

Semi-detached: up 0.1% monthly; up 2.2% annually; £333,681 average

Flats: up 0.1% monthly; down 0.4% annually; £182,262 average

First steps on the property ladder

First-time buyers in Aylesbury Vale spent an average of £​262,000 on their property – ​£4,300 more than a year ago, ​and ​£49,600 more than in May 2015.

By comparison, former owner-occupiers paid £​378,400 on average in May​ – 44.4% more than first-time buyers

How do property prices in Aylesbury Vale compare

Buyers paid 1.1% more than the average price in the South East (£325,000) in May for a property in Aylesbury Vale. Across the South East, property prices are high compared to those across the UK, where the average cost £236,000.

The most expensive properties in the South East were in Elmbridge – £594,000 on average, and 1.8 times as much as in Aylesbury Vale. Elmbridge properties cost 2.8 times as much as homes in Southampton (£210,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average May sale price of £1.4 million could buy 16 properties in Burnley (average £88,000).

Factfile

Average property price in May

Aylesbury Vale: £328,108

The South East: £324,659

UK: £235,673

Annual growth to May

Aylesbury Vale: +2.0%

The South East: +2.0%

UK: +2.9%

Best and worst annual growth in the South East

West Oxfordshire: +9.4%

Slough: -2.8%