Property prices in Canterbury

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Latest prices in Canterbury for flats and apartments

The latest figures show that the average price for a Flat & Apartment property in Canterbury has now reached £185,334 as of Feb 2024. This value is based upon the average value of completed property transactions in the month of February.

Average prices for a Flat & Apartment property have increased substantially over the longer term in Canterbury. Back in January 1995, prices for this type of property averaged £35,200 based on sales at the time. Fast forward to January 2024, and averages reached £190,601 - representing a growth of 441% over 29 years.

This substantial triple-digit percentage rise in Flat & Apartment property values far outpaced broader inflation over the same period. Rising household incomes, strong local economy, high demand and constrained supply all likely contributed to the steep price inflation seen for Flat & Apartment homes in Canterbury over the past 3 decades.

Our data is sourced directly from HM Land Registry and their UK House Price Index report. This dataset is updated several times a year and we always attempt to have the most up to data information available.

The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage. Properties have been included in England and Wales since January 1995, in Scotland since January 2004, and in Northern Ireland since January 2005, Data is available at a national and regional level, as well as counties, local authorities and London boroughs.

Cited from HM Land Registry

Flat & Apartment prices in Canterbury over the last 12 months

DatePrice
Apr 2023£216,031
Apr 2023£216,031
May 2023£206,344
Jun 2023£200,787
Jul 2023£201,217
Aug 2023£202,971
Sep 2023£204,208
Oct 2023£203,769
Nov 2023£195,069
Dec 2023£192,159
Jan 2024£190,601
Feb 2024£185,334

Recent trends for prices in Canterbury

The latest figures from February 2024 indicate the property market in Canterbury continues to show falling price trends. Compared to January, 2024, average prices decreased by -1.3% to £325,026. On an annual basis, average property prices have decreased -10.5% since 12 months ago.

In terms of sales activity, there were 77 residential property transactions completed in Canterbury during February, 2024. Of these purchases, 27 were financed with a mortgage while 20 were all-cash sales. For cash buyers, average prices have changed by -1.5% since January, 2024, coming in at around £315,536. For properties purchased with a mortgage, the average price changed by -1.1% since January, 2024, to £331,849.

Compared to the overall picture in its national parent England, the average property price in Canterbury are higher than the current national average of £297,735. While Canterbury saw a change of -1.3% over the last month, England as a whole recorded a percentage change of 0.6% in average property values. And on an annual basis, prices across England have contracted by -1.1%, more than the -10.5% yearly change seen in Canterbury.

Interested in purchasing a property in Canterbury? Use our Monthly Mortgage Cost Calculator to see how much a property may cost you per month. This tool is for illustrative purposes only and does not constitute financial advice.

Average price in Canterbury by housing type

Prices last recorded in February, 2024

average

£325,026

detached

£500,324

flat

£185,334

semi-detached

£333,722

terraced

£280,338

Prices by housing type in Canterbury

Recent data shows that price growth has varied across different property types in Canterbury over the last year. For terraced houses, property prices changed by -1% between February 2024 and January 2024 to reach £280,338, and changed by -11% over the last 12 months. The annual change was greater than the -1.7% change seen for terraced homes in England overall.

Meanwhile, semi-detached properties saw a fall in average prices locally, taking them to £333,722 in January 2024. This represents a -1.2% change from the same month last year.This is underperforming the 0.2% annual change in semi-detached values across the country.

Detached homes in Canterbury lost -1.4% month-over-month to reach an average of £500,324. Annually, detached property values have changed by -9.8%. This is weaker price growth compared to England's -0.5% change for detached houses over the year.

For apartments and flats, average prices decreased by -1.4% between February and January 2024, hitting £185,334. Over the last 12 months, apartment values have changed by -11.4%, lagging England's flat and apartment growth rate of -2.8%.

Overall, detached properties have seen the strongest price momentum locally over the past year, with a change of -9.8%, while flat properties lagged, with a change of -11.4%.

Recent purchases in Canterbury

According to data from HM Land Registry, there were 77 completed property purchases in the area of Canterbury in February 2024. Of these sales, 20 were recorded as cash purchases whilst 27 were purchased using a mortgage. Compared to this time 12 months ago, the percentage of properties purchased using a mortgage has changed by -10.2% and the percentage of properties purchased with cash has changed by -10.8%.

The number of cash and mortgage purchases may not match the recorded number due to exclusions listed on the gov.uk website

Looking for a specific property type?

Use one of the following links to find more specific information about the type of property you're looking for in canterbury.

All property prices in canterbury

Detached property prices in canterbury

Semi-Detached property prices in canterbury

Terraced property prices in canterbury

First Time Buyer prices in canterbury

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