House prices hit all-time high: Average home costs £346,358

What you get for an ?average? price. These four properties - detached, semi-detached, terrace, and a flat - are currently on the market at or near the average price for each type of property
What you get for an ?average? price. These four properties - detached, semi-detached, terrace, and a flat - are currently on the market at or near the average price for each type of property

Even estate agents were not certain if house prices could go any higher.

Even estate agents were not certain if house prices could go any higher. Clearly, they could - and did.

Today, a unique analysis of Land Registry data shows the remarkable summer surge in prices continued into the autumn, despite warnings that the market had stagnated.

The analysis by Brighton and Hove Independent has revealed that the average price of a home in the city increased to £346,358 in the three months to the end of September - beating the previous record of £318,821 in the preceding quarter.

For the first time - partly because of a record 1,597 transactions in the third quarter of the year - the aggregate value of homes bought and sold has exceeded £500 million.

Driving the increase in prices was the sale of high-value detached houses, with a record 168 sales in the quarter. The average price was a record £630,959.

There were also a record 228 transactions involving semi-detached houses - with a record average price of £402,077, beating the previous high of £382,896 set in the previous quarter.

The average price of a terrace home was a record £391,140, with a record 414 transactions. The previous record average was £369,284 in the second quarter of the year.

Similarly, the average price of a flat was an unprecedented £245,905 - with a record 787 transactions - beating the previous record of £238,567, set in the previous quarter.

Average property prices in Brighton and Hove

House prices: All properties

House prices: Detached properties

House prices: Semi-detached properties

House prices: Terrace properties

House prices: Flats and apartments

The most expensive homes