House prices have grown in England by 0.3% in January with the average home costing £300,169 according to Estate Agent Today. This is almost £10,000 higher than in the same month in 2016, when the average was £291,165. Prices have now doubled since they topped £150,000 in November 2002 – despite the slump following the financial crisis.
But how does this compare with the house prices in Kent?
The average price for a home in Kent is £326,972 – 8.9% above national average with nearby East Sussex shows similar prices of £323,493.
It’s unsurprising Kent is on the rise as the county boasts beautiful beaches, excellent schools and great restaurants and shopping all just a couple of hours away from London.
Of the local surrounding towns of Faversham, Herne Bay and Whitstable, Faversham has shown the largest price hike over the past year. According to Rightmove, overall sold prices were 13% up on the previous year with both Herne Bay and Whitstable close behind with 11%.