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Average property price in Kent 2017

By Ellis Stephenson

The average property price in Kent has gone up by more than £11,000 in the year up to December 2.

Fresh figures show Swanley, which has an average price of £364,434, saw the highest jump in property value of £28,110, followed by Tonbridge, with an average property value of £482,180, up £24,128.

This is followed by West Malling, which saw the average property price increase to £480,023, a jump of £24,071.

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In Kent the average house price increased by more than £10,000 in a year, according to figures

In Kent the average house price increased by more than £10,000 in a year, according to figures

It comes as the average price of a property in the Kent is £11,418 more than a year ago at £346,048.

But the data shows some areas where the average property value has fallen.

House prices in Romney Marsh dropped by £9,021 on average to £277,677 and Longfield saw a similar drop of £2,754 to make its average property price £460,862.

Managing director of Dockside Property Services, Spencer Fortag, said: "I think generally an increase in prices is a good news story.

"It's not just property investors who benefit because rising house prices will generally encourage more consumer spending and economic growth.

"For those that are trying to get on the housing market a rise in house values is never good news. It's for those people who are on the ladder in some stage already.

 "It's almost a forgone conclusion that house prices do increase so it's no great surprise that prices are rising.

"It's almost a forgone conclusion that house prices do increase so it's no great surprise that prices are rising.


"We're, it seems, moving to a much more European style of living and people are choosing to rent because it matches their lifestyle.

"There'll be a number of basic reasons such as supply and demand or not enough housing being built.

"I believe there's already a bit of a trend. If anything we may see a degree of stagnation in the housing market next year as we continue our Brexit negotiations but I think prices will continue to increase."

Last month the Chancellor announced in his Autumn Statement he would abolish stamp duty for first time buyers.

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