I was speaking to a landlord of ours yesterday, when the subject of Chichester's property values came up. Not just in the last few years since the recession, but those of over the decades.
I found that the average value of a property in Chichester was a mere £667 in 1930 (although a lot of money at the time), which then dropped to £582 in 1934. The average value the jumped to £2,161 in the late 1940's, and in the 1950's the average value was £2,334.
In the late 1960's, the average value had risen dramatically to £5,247. This was followed by a big jump in average values between 1978 and 1980, with an increase of over 40% from £17,636 to £26,685. The late 1980's saw a huge surge in values, with an average price of £62,026.
At the turn of the millennium, average values had managed to rise to £114,845. Today, even following the crash of 2008, Chichester's average property value is £310,289, which is £42,500 higher than the rest of the country.
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