House prices increased slightly in Cornwall in June, new figures show.
The boost contributes to the longer-term trend, which has seen property prices in the county achieve 4.9 per cent annual growth.
The average Cornwall house price in June was £239,163, Land Registry figures show – a 0.4 per cent increase on May.
Over the month, the picture was less good than that across the south west, where prices increased 2.9 per cent, and Cornwall underperformed compared to the 0.7 per cent rise for the UK as a whole.
Over the past year the average sale price of property in Cornwall rose by £11,000 – putting the area second among the south west’s 29 local authorities for annual growth.
The best annual growth in the region was in Bath and North East Somerset, where properties increased on average by 7.5 per cent, to £355,000. At the other end of the scale, properties in West Devon dropped 1.2 per cent in value, giving an average price of £252,000.
Winners and losers
Owners of semi-detached houses saw the biggest improvement in property prices in Cornwall in June – they increased 0.5 per cent, to £231,398 on average. Over the past year prices rose by 5.6 per cent.
Among other types of property:
Detached: up 0.3 per cent monthly; up five per cent annually; £346,246.7479 average
Flats: up 0.1 per cent monthly; up two per cent annually; £138,432 average
First steps on the property ladder
First-time buyers in Cornwall spent an average of £197,300 on their property – £9,100 more than a year ago, and £26,000 more than in June 2015.
By comparison, former owner-occupiers paid £268,500 on average in June – 36.1 per cent more than first-time buyers.
How do property prices in Cornwall compare?
Buyers paid 9.2 per cent less than the average price in the south west (£263,000) in June for a property in Cornwall. Across the south west, property prices are roughly the same as those across the UK, where the average cost £238,000.
The most expensive properties in the south west were in the Cotswolds – £392,000 on average, and 1.6 times as much as in Cornwall. The Cotswolds properties cost 2.2 times as much as homes in Plymouth (£181,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea, where the average June sale price of £1.4 million could buy 15 properties in Burnley (average £92,000).
Average property price in June
Cornwall: £239,163
The south west: £263,474
UK: £237,834
Annual growth to June
Cornwall: +4.9%
The south west: +4.3%
UK: +3.4%
Best and worst annual growth in the south west
Bath and North East Somerset: +7.5%
West Devon: -1.2%
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