House prices saw record increases between March 2020 and 2021, according to new data from the Office for National Statistics.

Despite concerns about the economy and the housing market since the start of the global pandemic, house prices in Kent and the UK more generally have remained high.

Overall, our county has seen substantial increases, while scenic Tunbridge Wells has seen prices soar most locally over the past year.

In March 2020, the average house price in Tunbridge Wells was £ 377,298, but by March 2021 it had jumped 10.5% – or £ 39,768 – to £ 417,066.

In other parts of Kent, prices have also increased.

In Folkestone and Hythe, average prices rose 12.9 percent to £ 33,491 to stand at £ 293,076 at the end of March.

Meanwhile, there was a 13.7 percent increase in Thanet, an increase from £ 32,004 to £ 265,517.

Canterbury and Dover also saw large proportional peaks, increasing by 10.7% and 11.5% respectively.

Compared to the growth rate of real wages, calculated by subtracting the rate of inflation from wage increases, this is even more significant – because during the pandemic, wages only increased by 2.8 percent on average.



Colorful houses are a feature in Sandgate, near Folkestone

Across Kent, prices have risen 8.8% – or £ 25,647 – over the past year to an average of £ 317,251.

This means that house prices in Kent are now over 10 times the average annual income in the UK, which currently stands at around £ 31,000 a year.

This figure is slightly lower than that of the UK on average, registering a 10.2% increase over the same period, according to ONS figures.

This is the highest annual growth rate the UK has seen since August 2007, before the infamous ‘credit crunch’ financial crisis.

In early 2020, the housing market came to a halt – as the first foreclosure from late March shut down realtors and banned visitation.

Once things reopened, average house price growth in the UK accelerated rapidly.

The ONS said the pandemic may have prompted buyers to reassess their housing preferences.

The average price of single-family homes increased by 11.7% during the year through March 2021, for comparison, apartments and maisonettes increased by 5.0% during the same period.

Here is the detailed breakdown of house prices in Kent.

Evolution of house prices from March 2020 to March 2021

From left to right, the statistics are as follows: Neighborhood, average house price in March 2020, average in March 2021, price growth in £, price growth in percentages

Tunbridge Wells // £ 377,298 // £ 417,066 // £ 39,768 // 10.5%

Folkestone and Hythe // £ 259,585 // £ 293,076 // £ 33,491 // 12.9%

Thanet // £ 233,513 // £ 265,517 // £ 32,004 // 13.7%

Canterbury // £ 296,522 // £ 328,203 // £ 31,681 // 10.7%

Dover // £ 247,252 // £ 275,797 // £ 28,545 // 11.5%

Dartford // £ 296,658 // £ 324,905 // £ 28,247 // 9.5%

Kent // £ 291,604 // £ 317,251 // £ 25,647 // 8.8%

Sevenoaks // £ 438,933 // £ 463,573 // £ 24,640 // 5.6%

Tonbridge and Malling // £ 366,893 // £ 390,617 // £ 23,724 // 6.5%

Maidstone // £ 285,672 // £ 307,072 // £ 21,400 // 7.5%

Medway // £ 239,359 // £ 258,787 // £ 19,428 // 8.1%

Ashford // £ 295,451 // £ 312,957 // £ 17,506 // 5.9%

Swale // £ 240,915 // £ 256,208 // £ 15,293 // 6.3%

Gravesham // £ 280,197 // £ 290,077 // £ 9,880 // 3.5%



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