None of the four Buckinghamshire districts have seen house prices grow in the last year.  Aylesbury Vale was Buckinghamshire’s strongest performer, where prices were unchanged over the last year to rank 246th among the 380 local authorities in Great Britain.  Chiltern has seen Buckinghamshire’s weakest growth over the last year, with average prices falling 1.5 per cent (£8,233) to rank 295th.

Table 1: Mean house prices, March 2019

Source: HM Land Registry, 2019

Detached houses saw the strongest rise in average prices in Buckinghamshire in the year to March, rising 0.6 per cent (£4,604) to £714,693. Semi-detached homes saw average prices rise 0.1 per cent (£247) across Buckinghamshire despite Aylesbury Vale being the only district in the county to see the average cost of semi-detached homes rise.  Prices for both terraced homes and flats fell in all four districts as prices fell 0.8 (£2,501) and 2.4 per cent (£5,481) respectively over the year.

Table 2: Mean house prices & annual change by property type, March 2019

Source: Land Registry, 2019

There were 485 house sales in Buckinghamshire in January, the lowest for any single month since April 2013, taking the total for the last year to 8,016, the lowest for any 12 month period since September 2013. This is 21.6 per cent below the post-recession peak of 10,220 reached in the year ending March 2016, and 38.3 per cent below the all-time high of 12,987 sales recorded in the year ending June 2000.  Sales in Buckinghamshire have fallen by 11.2 per cent in the last year, with district performance ranging from falls of 18.6 per cent in Aylesbury Vale and Chiltern to a 16.9 per cent rise in South Bucks.  Sales have fallen 6.0 per cent in Wycombe.

Chart 1: House sales over time (years to January, 2007 = 100)

Source: HM Land Registry, 2019

Chart 2: Mean house prices over time (March each year, 2008 = 100)

Source: HM Land Registry, 2019