Derbyshire Dales house prices soared over the summer
House prices leapt by 5.2 per cent in Derbyshire Dales over the summer, new figures show.
The significant boost contributes to the longer-term trend, which has seen property prices in the area achieve 11.9 per cent annual growth – the highest in the East Midlands.
Land Registry figures show the average Derbyshire Dales house price in August was £287,669 – a 5.2 per cent increase on July.
Over the month, the picture was better than that across the East Midlands, where prices increased 0.6 per cent, and Derbyshire Dales outperformed the 0.7 per cent rise for the UK as a whole.
Over the last year, the average sale price of property in Derbyshire Dales rose by £30,000 – putting the area top among the East Midlands’s 40 local authorities for annual growth.
At the other end of the scale, properties in South Kesteven dropped 0.9 per cent in value, giving an average price of £219,000.
Owners of terraced houses saw the biggest improvement in property prices in Derbyshire Dales in August – they increased 5.5 per cent, to £224,632 on average.
Owners of detached and semi-detached properties both saw their properties rise by 5.3 per cent in value, while flats were up 4.2 per cent.
First-time buyers in Derbyshire Dales spent an average of £238,000 on their property – £25,000 more than a year ago, and £42,000 more than in August 2015.
By comparison, former owner-occupiers paid £315,000 on average in August – 32.2 per cent more than first-time buyers.