House prices in city have risen by al­most 30% in past ten years

Kentish Gazette Canterbury & District - - Archaeology Raid -

Can­ter­bury has been named one of the most ex­pen­sive cities to live in the coun­try – with house prices rock­et­ing by al­most 30% in a decade.

A re­view by Lloyd’s Bank, which ex­am­ines how af­ford­able homes are in cities, found the cost of buy­ing a prop­erty in the district has jumped by 29% since 2007.

Back then, the av­er­age house price in the area was £256,629 – com­pared to £330,386 to­day.

It ranks Can­ter­bury joint fifth place with Cardiff in the league of the most un­af­ford­able cities in the UK.

Ac­cord­ing to the re­port re­leased last Fri­day, the av­er­age prop­erty price in cities across the coun­try is £232,945 – a jump of 12% from the 2007 av­er­age price of 207,750.

Lloyd’s Bank mort­gage prod­ucts di­rec­tor Andy Mason said: “City liv­ing suits the life­styles of many peo­ple look­ing for shorter com­mutes with much of what they need on their doorstep, but buy­ing a city prop­erty is the least af­ford­able it’s been for a decade.

“There is also a clear north­south di­vide with only one south­ern lo­ca­tion ap­pear­ing in the top 20 most af­ford­able cities and only one north­ern lo­ca­tion ap­pear­ing in the top 20 least af­ford­able.

Can­ter­bury house prices have soared in

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