Bournemouth Annual Housing Market Index
Highlights:
• The average price of a home in Bournemouth in 2007 was £222,007
• The average house price in Bournemouth has increased 7% since 2006 (up from £207,381 and up 5% between 2005 and 2006)
• The overall number of property sales in Bournemouth last year were down 4% on figures for 2006
• Apartments proved the most popular property type with homebuyers in
Bournemouth, making up 50% of sales in 2007 and 48% in 2006
• Terraced homes experienced the strongest price growth in 2007, with prices up 14.5% on 2006
• Detached homes showed the weakest level of price growth in 2007, with prices up by just 7% on the previous year
House Prices & House Sales
While average house prices in Bournemouth rose by 7% in 2007, the property market here experienced a fall in homes coming to the market, with the total number of sales down 4% on the previous year. The fall in sales was reflected across all property types, with terraced
homes experiencing the biggest decrease, with the number of sales down almost 15% in 2007. However, the average price finished the year on £222,007, up from £207,381 in 2006.
Summary
The Bournemouth property market saw a fall in the number of sales in 2007, down 4% on 2006. However, typical prices ended the year on a high - up 7% since 2006.
The average house price in Bournemouth was £222,007 in 2007. This signifies a positive level of growth on figures for 2006, which have continued to climb, following previous annual rises of 5% between 2005 and 2006 and 2% between 2004 and 2005.
Detached properties and apartments recorded the smallest price increase in Bournemouth during 2007, both up 7% on the previous year. However, the price of a terraced home, recorded the largest price increase, up 14% on 2006. Apartments have consistently topped the property stakes, proving popular with a range of homebuyers, making up 50% of all sales in 2007, and 48% in 2006.
Download the pdf document to view detailed illustrations of the Bournemouth housing marke
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