Summer surge in property prices results in new record of £351,475

Most expensive: 44 Tongdean Avenue, Hove, sold for £3.4 million

Most expensive: 44 Tongdean Avenue, Hove, sold for £3.4 million

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The cost of buying a home in Brighton and Hove has continued to increase sharply.

The cost of buying a home in Brighton and Hove has continued to increase sharply throughout the summer.

Fuelled by the sale of 11 houses costing more than £1 million - including one that was sold at £3.4 million - the average price of a city home set a new monthly record in July of £351,475.

Even in what is traditionally a quiet month for estate agents - and amid forecasts that prices nationally may have peaked - a total of 530 homes changed hands, with an aggregate value of £186.3m.

According to the latest Land Registry data, the average price of different types of properties were:

Detached (56 transactions), with an average price of £659,812 - compared with £683,629 in June;

Semi-detached (75 transactions), with an average price of £374,887 - compared with £365,061;

Terrace (143 transactions), with an average price of £390,737 - compared with £365,451;

Flats and apartments (256 transactions), with an average price of £255,237 - compared £239,781.

For comparison, in the previous month of June, there were 444 transactions, with an aggregate value of £143.7 million; the average city home cost £323,566, the previous monthly record.

The figures for each type of home sold in June were: detached - 38 transactions, with an average of £683,629; semi-detached - 62 transactions, with an average of £365,061; terrace - 100 transactions, with an average of £365,451; flats and apartments - 244 transactions, with an average of £239,781.

The 20 most expensive homes in July

£3,400,000 44 Tongdean Avenue, Hove, BN3 6TN (Detached)

£1,800,000 59 Tongdean Avenue, Hove, BN3 6TN (Detached)

£1,675,000 50 Hill Brow, Hove, BN3 6DD (Detached)

£1,655,000 2 Princes Square, Hove, BN3 4GE (Detached)

£1,610,000 52 Hill Brow, Hove, BN3 6DD (Detached)

£1,550,000 65 Dyke Road Avenue, Hove, BN3 6DA (Detached)

£1,300,000 Basement flat, 12 Montpelier Crescent, Brighton, BN1 3JF (Terrace)

£1,150,000 56 Nevill Road, Rottingdean, Brighton, BN2 7HG (Detached)

£1,110,500 18 Norfolk Road, Brighton, BN1 3AA (Detached)

£1,100,000 44 Victoria Street, Brighton, BN1 3FQ (Terrace)

£1,048,500 7 Cornwall Gardens, Brighton, BN1 6RH (Semi-detached)

£965,000 2 Pembroke Crescent, Hove, BN3 5DH (Semi-detached)

£965,000 Basement flat, 23A Bloomsbury Place, Brighton, BN2 1DB (Terrace)

£955,000 65 Carlisle Road, Hove, BN3 4FQ (Semi-detached)

£930,000 Flat 15, Palmeira Grande, Holland Road, Hove, BN3 1QG (Flat/apartment)

£927,500 125 Surrenden Road, Brighton, BN1 6WB (Detached)

£920,000 71 Roundhill Crescent, Brighton, BN2 3GP (Terrace)

£910,000 11 Portland Place, Brighton, BN2 1DG (Terrace)

£900,000 14 Lloyd Road, Hove, BN3 6NL (Semi-detached)

£890,000 23A Clifton Hill, Brighton, BN1 3HQ (Terrace)

Data produced by Land Registry © Crown copyright 2014.