An article published by the BBC today stated that UK house prices climbed 7.5% in 2020, the highest growth rate for six years, according to Nationwide Building Society. Prices ended the year 5.3% above the level prevailing in March, a resilience that seemed unlikely at the start of the pandemic, it said.
Whilst this positive news is welcomed by homeowners across the country, we wanted to take a deeper look in to local data to provide you with an insight in to house price growth across the South Coast.
Jacobs Steel Data
When we reviewed our internal data for January to December 2020 and compared it to the same period in 2019, we saw overall sold house price growth of a staggering 11.4%. This growth reflects sold property data across all of our branches, from West Worthing to Hove.