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There’s so much going on in our local market it’s sometimes hard to keep up. However, one of the measures we as property professionals are fixated on is how many sales are taking place. This chart shows the total number of sales over the last few quarters.

In this chart, we’ve compared sales levels for flats and houses in the last few years. Instead of looking at absolute numbers, we’ve indexed the rates. This means that flats and houses start at 100 at the start of the period and you can see how they’ve changed since, on an equal basis.

The number of people living in homes in the local area tells us a lot about the character of our market. Areas with smaller households tend to be dominated by either the very young or very old. Homes with more people tend to be dominated by families and this is the case for most housing markets around the country.

Since 2000, prices have increased by an average of £9,400 per year.

Property prices of different house types can be like chalk and cheese. Smaller properties have a higher turnover and lower price than larger properties. So for this chart we’ve stripped out the actual figures and look at an index of how each type has performed over time.

Since 2000, prices have increased by an average of £12,300 per year.

Since 2000, prices have increased by an average of £11,300 per year.

The house type which performed the best were detached homes which saw growth of 6.9 percent.

The average house price in Malling in 2020 was 6.4 percent higher than it was in 2019.

It won’t come as any massive shock that houses are generally worth more than flats in our area. However, when it comes to the movements over time, these two broad types of property do not always behave similarly. Here we see how flats and houses have varied in price.

The house type which performed the best were detached homes which saw growth of 3.6 percent.

The property market fluctuates on a seasonal basis, and this is particularly the case for sales rates. This chart shows how the market has changed over the course of the last few months. The most recent periods are estimates based on the previous year’s pattern.