South Gloucestershire house prices down by 1.3%

September 12 2018

Joseph Hook, data reporter

House prices in South Gloucestershire decreased by 1.3% in June, despite witnessing a 3.1% rise over the last 12 months.

The latest data from the Office of National Statistics shows that the average property in the area sold for £272,366 - significantly higher than the UK average of £228,384.

The average homeowner in South Gloucestershire will have seen their property jump in value by around £82,000 in the last five years.

The figures also showed that buyers who made their first step onto the property ladder in South Gloucestershire in June spent an average of £232,644 - around £70,000 more than it would have cost them five years ago.