Here is how much Chichester house prices increased by in June

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 3.9% annual growth.

The average Chichester house price in June was £421,306, Land Registry figures show – a 2.2% increase on May.

Over the month, the picture was less good than that across the South East, where prices increased 2.7%, and Chichester underperformed compared to the 4.5% rise for the UK as a whole.

Over the last year, the average sale price of property in Chichester rose by £16,000 – putting the area 65th among the South East’s 70 local authorities for annual growth.

The best annual growth in the region was in Hastings, where property prices increased on average by 18.5%, to £252,000. At the other end of the scale, properties in Runnymede gained 0.9% in value, giving an average price of £433,000.

Winners and losers

Owners of terraced houses saw the biggest improvement in property prices in Chichester in June – they increased 2.4%, to £350,995 on average. Over the last year, prices rose by 4.3%.

Among other types of property:

Detached: up 2% monthly; up 4.7% annually; £665,567 average

Semi-detached: up 2.2% monthly; up 3.7% annually; £401,235 average

Flats: up 2.3% monthly; up 1.6% annually; £219,254 average

First steps on the property ladder

First-time buyers in Chichester spent an average of £320,000 on their property – £11,000 more than a year ago, and £50,000 more than in June 2016.

By comparison, former owner-occupiers paid £477,000 on average in June – 49.0% more than first-time buyers.

How do property prices in Chichester compare?

Buyers paid 18.4% more than the average price in the South East (£356,000) in June for a property in Chichester. Across the South East, property prices are high compared to those across the UK, where the average cost £266,000.